Details about transferring exploration right of Baishili Nb-Ta Mine located in Yifeng, Jiangxi, were made public on February 24th as follow:
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Item
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Exploration right of Baishili Nb-Ta Mine located in Yifeng, Jiangxi
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Transferring method
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Agreement transferring
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| Basic condition of exploration right
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Exploration license No.
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T36120091103036471
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| Agency issuing exploration license
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Department of Natural Resources of Jiangxi Province
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| Validity period
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From January 11th, 2018 to January 11th, 2020
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| Geological location
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Yifeng, Yichun,Jiangxi
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| Exploration scope
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See attachment
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| Exploration area
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0.66
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| Transferor
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Name
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Jiangxi Nuclear Industry Geology Bureau 267 Branch
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| Legal representative
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Xiong Zhong
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| Registered address
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No. 276, Changhong Avenue, Jiujiang, Jiangxi
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| Transferee
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Name
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Yichun Mining Co., Ltd.
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| Legal representative
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Hu Jianguo
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| Registered address
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No.38, Huacheng Road, Yuanzhou District, Yichun, Jiangxi
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Exploration results
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The distribution of stratum, structure and the layout of igneous rock within the mine area was roughly identified; the lithology, structural fabrication and mineral composition of magmatic rocks were identified; no industrially valuable niobium ore was found in the area through general exploration, but altered granite-type lithium mica ore was found during the general exploration; the ore body generally shows the east-west direction with an angle of inclination of 41°-60°; the thickness of the ore body is generally 2-21m with the figure of about 7.5m on average; the grade of Li0 is 0-4-0.Asian Metal Copyright9-1.Asian Metal Copyright6%, which can basically meet the requirement on cut-off grade, and the requirement on minimum industrial grade (0.Asian Metal Copyright
Transferring price
zero
.Asian Metal Copyright9-1.Asian Metal Copyright6%, which can basically meet the requirement on cut-off grade, and the requirement on minimum industrial grade 0.Asian Metal Copyright0%) can be even met; resource scale is expected to be equivalent to that of small-to-medium mines with potential value to be further explored or surveyed.
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Transferring price
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zero
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