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In order to further increase lithium mineral resource reserves, improve the self-sufficiency rate of lithium salt business raw materials, and achieve sustainable development, recently, China Mineral Resources Group Co., LTD. (hereinafter referred to as“中矿资源”、股票代码“002738”）全资子公司中矿（香港）稀有金属资源有限公司（以下简称“香港中矿稀有”）与African Metals Management Services Ltd（以下简称“AMMS”）和Southern African Metals & Minerals Ltd (" SAMM ") enters into Share and Debt Sale Agreement，Hong Kong Medium rare to be based on consideration 18,$10 million in cash to acquire 100% of the equity interest in 1 African Minerals Ltd (" Afmin ") and 100% of the equity interest in 2 Amzim Minerals Ltd (" Amzim ") held by AMMS and SAMM together。目前，Afmin and Amzim together hold a 74% interest in Bikita Minerals (Private) Ltd (the "Bikita Company")，Bikita's main asset is the Bikita lithium project in Zimbabwe。Bikita is in the process of implementing internal restructuring and share buyback cancellation, and if the internal restructuring is approved by the government, China Mineral Resources will hold Bikita 99.05% equity and related claims;If the internal restructuring is approved by the government and the cancellation of the share buyback is completed, China Mineral Resources will hold 100% of the equity of Bikita and the corresponding related debts。
Bikita lithium mine project is located in Masungo Province, Zimbabwe, with the capital, the capital of Masungo Province and the port of Durban, South Africa, Beira Port of Mozambique are connected by highway and railway, convenient transportation, relatively perfect infrastructure。The project has a mining area of 164,460,863 square feet (approximately 15.28 square kilometers), is now in the stage of mining and production, the mineral selection capacity of 700,000 tons/year, the main products are high grade, low impurities of technical grade thorax feldspar concentrate and cesium garnet concentrate。According to the Resource estimation report issued by the Independent Resource Estimations (IRES) in line with the NI43-101 specification, the cumulative discovered retained lithium mineral resources in the Bikita lithium mine is 2,941.400,000 tons of ore, Li2O average grade 1.17%, Li2O metal content 34.400,000 tons, equivalent to 84.960,000 tons of Li2CO3 equivalent。The associated tantalum mineral resources of SQI6 ore body contain 8.4 million pounds of Ta2O5, with an average grade of 186ppm of Ta2O5。There are still a number of unverified LCT pegmatite in the mining area, which has the potential to further expand the reserves of lithium cesium tantalum mineral resources。
This transaction is in line with the development strategy of China Mining Resources to actively reserve rare light metal mineral resources, focus on the layout of lithium new energy materials and rare light metals (cesium, rubidium) and other emerging material industries, and improve the upstream and downstream industrial chain。After the completion of this transaction, it can increase the lithium mineral resource reserves of China Mineral resources, improve the self-sufficiency rate of raw materials for the company's lithium salt business, ensure the stable supply of raw materials for the company's lithium salt business in the medium and long term, and improve the profitability and sustainable development ability of the company's main business。
