China Tin & Antimony Group Wins Prospecting Rights for New Area of Lead-Zinc Mine in Hechi, Guangxi

Recently, Guangxi Huaxi Nonferrous Metals Co., Ltd. (hereinafter referred to as "Huaxi Nonferrous") successfully bid for the exploration and prospecting rights of the Zhaiping Lead-Zinc Mine in Jinchengjiang District, Hechi City, Guangxi Zhuang Autonomous Region at a price of 125.73 million yuan. This marks the first time that Huaxi Nonferrous has acquired prospecting rights through a market-based auction.

It is understood that the Zhaiping Lead-Zinc Mine in Jinchengjiang District, which Huaxi Nonferrous has successfully bid for, is located in the Danchi metallogenic belt in Guangxi, with an exploration area exceeding 7.5 square kilometers and a prospecting rights transfer period of five years.The region boasts favorable metallogenic geological conditions and is expected to possess potential for discovering zinc, lead, tin, antimony, and other metals.This successful auction is a significant move for Huaxi Nonferrous to optimize its industrial layout and expand its resource reserves. It will significantly enhance the company's ability to ensure the supply of mineral resources and lay a solid foundation for the subsequent development and utilization of resources, as well as the construction of a green industry chain.

All along, Huaxi Nonferrous has resolutely implemented the decisions and arrangements of the Party Committee and government of the Guangxi Zhuang Autonomous Region, actively promoting a new round of strategic actions for breakthroughs in mineral exploration and continuously strengthening its ability to ensure the continuity of mineral resources. In the next step, Huaxi Nonferrous will accelerate the exploration work in the prospecting rights area and give full play to the advantages of its "prospecting, mining, mineral processing, smelting, deep processing, and new materials" entire industry chain, contributing to the high-quality development of Guangxi's nonferrous metals industry.