Tibet Mining Industry: construction of 10,000-ton Lithium hydroxide Project will be considered

According to industry statistics, at present, 80% of China's lithium products come from ore extraction, and from the distribution of lithium resources in China, more than 80% of China's lithium resources are salt lake lithium, including 3.1004 million tons in Qinghai, 2.223 million tons in Tibet and 506100 tons in Hubei. Spodumene accounts for 10.9%, Sichuan accounts for 760000 tons, lithium mica accounts for 7.5%, Jiangxi 342000 tons.

As the leader of lithium extraction in domestic salt lakes, Zabuye Salt Lake in Tibet, which has exclusive mining rights, is the third largest lithium salt lake in the world and the largest in Asia, and is a special comprehensive large salt lake deposit rich in lithium, boron and potassium solid and liquid.

A few days ago, in a survey conducted by investor institutions, Tibet Mining said that (controlling shareholder) Baowu of China and the government of the Tibet Autonomous region actively supported the development of salt lakes in Tibet's mining industry, hoping to take the development of Zabuye Salt Lake as a benchmark project. drive the construction of "Lithium City" in Xigaze. At present, the development of Zabuye Salt Lake is in progress as planned.

It has been revealed that in terms of lithium salt, the original solar pond in the first phase of Zabuye Salt Lake plans to increase its production capacity as far as possible through salt field restoration and technical research and development (grade 50-70% lithium concentrate); the second phase of the 10,000-ton lithium carbonate project is scheduled to be put into production in September 2023; in addition, Tibet Mining and Jiuwu Hi-Tech have signed a 100-ton lithium hydroxide pilot contract, and after the pilot test is successful, the construction of a 10,000-ton lithium hydroxide project will be considered.

Tibet Mining said that its salt lake development followed the principle of "one lake, one process". The company has contacted and discussed with a number of salt lake lithium extraction technicians, and has tracked the development of technology and technology.

According to the performance forecast disclosed by Tibet Mining on January 27th, the net profit attributed to shareholders of listed companies is expected to be 110 million yuan to 165 million yuan in 2021, compared with a loss of 48.5167 million yuan in the same period last year, and deducting non-net profit of 85 million yuan to 127.5 million yuan.