JIANGXI COPPER (00358) announced that the formal takeover offer by its wholly-owned subsidiary for all shares of SolGold plc has become effective. The ruling issued by the UK court on March 2, 2026 (London local time) was submitted to the UK Companies House on March 4, 2026 (London local time), with the acquisition plan taking effect on the date of submission.

The core asset of the target company, the Alpala deposit in the Cascabel project, has completed a pre-feasibility study. It holds measured, indicated, and inferred resources of 12.2 million tonnes of copper, 30.5 million ounces of gold, and 102.3 million ounces of silver. This includes proven and probable reserves of 3.2 million tonnes of copper, 9.4 million ounces of gold, and 28 million ounces of silver.

Upon completion, the transaction is expected to significantly enhance the company's resource reserve scale and resource security capabilities. It will support the company's overseas strategy, bolster its global resource layout, and create broader opportunities for achieving high-quality sustainable development and enhancing long-term core competitiveness.

It is important to note that the target company's mining projects are not yet in production. Significant time, capital, and specialized technical expertise will still be required for project exploration, design, construction, and operation. Investors are advised to be aware of the associated investment risks.