Longbai Group and Australia East Zirconium sign Strategic Cooperation Agreement to vigorously develop Zirconium and Titanium Resources

Recently, Longbai Group Co., Ltd. and Guangdong Oriental Zirconium Industry Technology Co., Ltd., a wholly owned subsidiary of the company, signed a "Strategic Cooperation Agreement" with Australia East Zirconium Resources Co., Ltd. The signing of the Strategic Cooperation Agreement is based on the local platform of Australian East Zirconium, the experience of Australian mining projects and Australia's rich zirconium and titanium resources, in order to give full play to the development advantages of both sides in their respective fields, further promote long-term, comprehensive and in-depth cooperation between the two sides to jointly explore and cultivate the market.

Longbai Group pointed out that Longbai Group has reached an intention to cooperate with Australian East Zirconium. Longbai Group provides technical and market support to Australian East Zirconium in mineral mining, market, transportation and other fields. Longbai Group will assist Australia East Zirconium to expand its business scale in Australia. Australia East Zirconium aims to integrate the seaside titanium-zirconium placer project with an annual production capacity of 1 million tons of titanium-zirconium heavy minerals within five years. Under the same conditions, Longbai Group will give priority to selecting Australian East Zirconium as the supplier of Australian titanium zirconium ore, Australian East Zirconium will give priority to ensuring the supply of Longbai Group, and the two sides will sign a long-term business agreement to maximize profits; Australian East Zirconium will give priority to the equipment or equipment produced by Henan Longbai Intelligent equipment Manufacturing Co., Ltd., a subsidiary of Longbai Group, in purchasing mining and mineral processing equipment in the future.