Oriental Zirconium Industry: Mingrui Zirconium Industry still has 6 ore belts for mining under the current mining rights.

Some investors asked questions on the investor interactive platform: Hello, Dong Mi, there is an industry analysis report that the global zircon sand supply will gradually decrease from 2022. Oriental Zirconium Industry, as a company with its own zircon placer, does your company have any plans to increase external zircon sand supply to make more profits on the premise of ensuring its own demand? Thank you!

Oriental Zirconium Industry (002167.SZ) said on the investor interactive platform on January 27th that the company will resume production of the Mingrui Zirconium Mingdali project from June 2021. Under the current mining rights, there are still 6 ore belts available for mining in Mingrui zirconium industry. Based on the annual output of 125000 tons of heavy minerals, the remaining exploitable life is 7-10 years. The company is promoting the resumption of production of this project as soon as possible to increase the supply of zircon placer.