Shenzhen Zhongjin Lingnan Nonferrous Metals Co., Ltd. announced last night that, as of May 2011, the company's Mobong lithium mine's latest resource amounted to 14.25 million tons, the lithium oxide grade 1.41%, the amount of metal containing 200.9 thousand tons This is an increase of 151% over the approximately 80,000 tons of metals that were approved and announced by independent third parties.
The Mobour lithium exploration project is located about 400 kilometers northwest of Quebec City, Canada. The 60% interest in lithium exploration project Moblon is owned by Canadian listed company Globalstar Mining. Global Star Mining is the target company for the acquisition of Australia Pelia Co., Ltd. (“Peliaâ€), a subsidiary of Zhongjin Lingnan Holdings.
On October 9, 2010, Zhongjin Lingnan announced that "at present, its estimated resources are 5.3 million tons, lithium oxide content is 1.51%, and approximately 80,000 tons of lithium oxide."
In addition to Mobour lithium exploration projects, the main assets of Global Star Mining are low-cost, copper, gold and silver mines in the Dominican Republic.
In addition, the company also has 268 square kilometers of copper-gold exploration area and 60 square kilometers of nickel exploration area in the Dominican Republic.
Yesterday, Zhongjin Lingnan’s stock price closed at 12.60 yuan, and the stock price rose 1.61%.
The Mobour lithium exploration project is located about 400 kilometers northwest of Quebec City, Canada. The 60% interest in lithium exploration project Moblon is owned by Canadian listed company Globalstar Mining. Global Star Mining is the target company for the acquisition of Australia Pelia Co., Ltd. (“Peliaâ€), a subsidiary of Zhongjin Lingnan Holdings.
On October 9, 2010, Zhongjin Lingnan announced that "at present, its estimated resources are 5.3 million tons, lithium oxide content is 1.51%, and approximately 80,000 tons of lithium oxide."
In addition to Mobour lithium exploration projects, the main assets of Global Star Mining are low-cost, copper, gold and silver mines in the Dominican Republic.
In addition, the company also has 268 square kilometers of copper-gold exploration area and 60 square kilometers of nickel exploration area in the Dominican Republic.
Yesterday, Zhongjin Lingnan’s stock price closed at 12.60 yuan, and the stock price rose 1.61%.
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