Tibet Mining shares rose 21.6% in 4 days due to "investment in the new 10,000-ton battery-grade lithium carbonate project in Zabuye Salt Lake".

SMM Sept. 2: today, Tibet Mining received a letter of concern from the Shenzhen Stock Exchange for "investing in a new 10,000-ton battery-grade lithium carbonate project in Zabuye Salt Lake".

The concern letter mentioned that the company was asked to explain the relationship between the investment in the new 10,000-ton battery-grade lithium carbonate project in Zabuye Salt Lake and the non-public offering of Zabuye Phase II project. Combined with the reasons for the slow progress of the Zabuye Phase II project, as well as the company's reserves in process technology, production process, operation and management, as well as the project difficulty caused by the project's location in the cold zone, it is explained whether the lithium carbonate project can be completed and reach production on schedule. If there is a situation that can not be completed on schedule and reach production, please fully remind the company of the risk.

In addition, in view of the company's claim that the cost of the lithium carbonate project is 20% lower than that of other salt lakes in China, and that the cost advantage is obvious, the potential value of resources is as high as 150 billion yuan according to the ratio of 1 to 3, please explain in detail the basis of this conclusion in the light of the current market development trend and product price changes, and whether the potential risks of the project have not been fully analyzed.

It is worth mentioning that recently, stimulated by the good news released by Tibet Mining Industry in turn, the company's share price has been climbing, and the share price of Tibet Mining has risen as high as 21.6% in just four days since August 30. By the close of trading on September 2, Tibet Mining had risen 8.81% to 85.58 yuan per share.