Sabixing Lithium Tantalum mine project is located in sabixing mining area, East mashonalan Province, Zimbabwe, with a straight-line distance of 180 kilometers and a highway distance of 240 kilometers from Harare, the capital of Zimbabwe, in the northwest. The straight-line distance from the mining area to the nearest port, Beira port, Mozambique, is about 300 kilometers, and the road distance is about 360 kilometers.
Sabixing lithium tantalum ore project has a total of 40 rare metal ore blocks with a total area of 2637 hectares. Five mining right blocks have been proved, with an average Li2O grade of 1.98%. Other 35 mining rights are planned to be explored simultaneously. According to the preliminary planning, the designed raw ore production scale of sabixing Lithium Tantalum mine project is 900000 tons / year, equivalent to about 200000 tons of lithium concentrate. It is expected to be completed and put into operation by the end of 2022.
Shengtun lithium, a wholly-owned subsidiary of the company, currently holds 25.19% of the equity of Huirong mining. Huirong mining owns the exploration right of Murong lithium mine in Yajiang County. By the end of December, 2020, the total ore resources (proved + controlled + inferred) of ore bodies I and II in the exploration right are 39.436 million tons, Li2O is 642854 tons, and the average grade of Li2O is 1.63%. The scale of Li2O resources is large, with beryllium, tantalum and rubidium as large deposits, niobium as small deposits, and Sida as medium deposits.
Jinchuan Aoyinuo Mining Co., Ltd. is a holding subsidiary of the company. It was established in August 2006 and is located in Jinchuan County, Aba Prefecture, Sichuan. It has a registered capital of 190 million yuan. It focuses on resource investment, mining and processing of minerals. The development of Aoyinuo Miningreceived strong support from the local government.
Sichuan Zhiyuan Lithium Industry Co., Ltd. is a wholly-owned subsidiary of the company. It was established in March 2015. It is located in De'a Eco-economic Industrial Park, Mianzhu, Deyang City, Sichuan Province. It has a registered capital of 5 million yuan and is one of the key enterprises supported by local government. The company integrates research and development, production and sales of lithium salt products, and is determined to become the world's leading lithium battery material producer. The company's overall annual planned production capacity is 42,000 tons of lithium salt (25,000 tons of lithium carbonate, 15,000 tons of lithium hydroxide, and 2,000 tons of lithium chloride). The production capacity has been fully built by the end of 2020.
Sichuan Shengwei Lithium Industry Co., Ltd. is a holding subsidiary of the company. It was established in August 2017. It is located in the Lithium Battery Industrial Park of the Shehong Economic Development Zone, Sichuan, with a registered capital of 65 million yuan.
Suining Chengxin Lithium Industry Co., Ltd. is a holding subsidiary of the company. It was established in July 2019. It is located in the Lithium High-tech Industrial Park of Shehong Economic Development Zone, Sichuan. It has a registered capital of 250 million yuan. It is a lithium battery new material producer integrating research and development, production and sales of lithium hydroxide, and is regarded as one of the key enterprise supported by local government. Suining Chengxin's designed production capacity is 30,000 tons of lithium salt per year, and the first phase of the 20,000 tons of lithium hydroxide project has started construction at the end of 2020.