Recently, from the Ministry of Natural Resources learned that by Ganzhou Xinyu Mining Co., LTD. (hereinafter referred to as Xinyu Company) presided over the "Jiangxi Province Dayu County Zuoba mining area (deepening) tungsten mineral resources reserves verification report" mineral resources reserves project, after expert review, agreed that the verification foundation is solid, the report preparation in line with the standard requirements, to be reviewed and filed. This is the first tungsten resource reserves (deepening) verification report project passed by the Ministry of Natural Resources in Jiangxi Province in the past five years, and it is the first project passed by the Ministry of Natural Resources of Jiangwu Holding Group Xinyu Company since its establishment.

Since April 2022, the project was initiated by Jiangxi Xiarang Tungsten Industry Co., LTD. (hereinafter referred to as Xiarang Tungsten Industry), and Xinyu Company is responsible for the implementation. Under the cooperation of the seventh Geological Brigade of Jiangxi Provincial Geological Bureau, the project team has innovated the exploration method combining tunnel and drilling through joint research, aiming at the serious depletion of mine resources. It has broken through the restricted bottleneck of exploration means, overcome the difficult problem of exploring the shape change of quartz vein wollatesite body, and made Zuoba mine add nearly 15,000 tons of WO3 metal, the resource scale has reached medium, and the mine service life has been extended for more than 10 years, providing a reliable basis for the next mining certificate extension of Xiadang tungsten industry.

As the only geological exploration company under Jiangwu Holding Group, Xinyu has presided over and completed a number of geological exploration projects, and has won the second prize of mineral geological prospecting awarded by China Nonferrous Metals Industry Association and the second prize of scientific and technological prospecting achievements awarded by Jiangxi Provincial Geological Association, fully demonstrating the ability and level of the innovative team. The company will take this achievement as an opportunity to increase innovation in geological science and technology, strengthen exploration and development of important mineral resources, promote mine storage and production, strive to improve the level of prospecting and exploration science and technology, ensure the group's resource supply and industrial chain security, and strive to play a greater role in a new round of prospecting breakthrough strategic action and resource replacement.