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%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.