Dazhong Mining's (SHE:001203) subsidiary, Anhui Dazhong New Energy Investment, received government approval for the review and filing of mineral resource reserves in the Sichuan Jiada Lithium Mine in China's Sichuan Province, according to a Tuesday disclosure on the Shenzhen bourse.
The reserves are in a 4.0178-square-kilometer area surrounding the initial mining area. The ore quantity of lithium resources is 33.5230 million tons, with lithium oxide of 423,800 tons and an average grade of 1.26%.