Mining Projects and Mineral Asset Valuation

1. Overview

As of the end of October 2022, among the 151 institutions that passed the annual inspection, our company ranked sixth in total number of projects reported by the China Association of Mineral Rights Appraisers. In the first 10 months of 2022, we ranked fourth.

From its inception, the company has been actively engaged in designing and building a comprehensive, end-to-end mining industry chain that covers all service nodes. As evidenced by our business scope, we have already established the framework of a professional, integrated mining consulting firm. Our practice spans across all provinces, municipalities, and autonomous regions nationwide; overseas, we operate in every continent except Europe. Our mineral offerings include gold. ( gold /aurum) silver ( silver /argentum) Copper (copper/cuprum) Lead (lead/plumbum) Zinc ( zinc ) Nickel ( nickel ) Molybdenum ( molybdenum ) Iron (iron/ferram) vanadium ( vanadium ) Titanium ( titanium ) Manganese ( manganese ) Tungsten (tungsten/wolfram) Lithium ( lithium ) Antimony (antimony/stibium) Mercury (mercury/hydrargyrum) Rare earth elements ( rare earth element ) Metallic minerals; fluorite ( fluorite ) Vermiculite ( pyrophyllite ) Illite ( illite ) zeolite ( zeolite ) Kaolinite ( kaolin ) Limestone ( Limestone ) Wollastonite ( wollastonite ) Calcite ( calcite ) Cinnabar stone ( chicken blood stone ) marble ( marble ) Bentonite ( bentonite ) Kaolin ( kaolin ) Pumice ( perlite ) Diabase ( diabase ) Non-metallic minerals; energy minerals such as coal; tremolite jade ( nephrite ) Xiuyan jade ( serpentine jade ) Chalcedony ( chalcedony ) agate ( agate ) Olivine ( peridot gem ) Beryl ( beryl gem ) Gemstone minerals; mineral water ( natural mineral water ) Geothermal water ( geothermal ) Mineral resources associated with water vapor; as well as common construction sand, stone, and clay. ( clay ) Shexian inkstone ( Shexian inkstone ) Taoyan inkstone ( Tanhe inkstone ) and other minerals. In recent years, we have intensified our research on 25 strategic mineral types—for example, in 2022, we focused on undertaking evaluation projects for lithium from salt lakes, graphite, and antimony ores.

With nearly 25 years of practice, over 3,000 cases have been reported cumulatively. According to the mining rights valuation and consulting reports that carry the highest weight in all assessment and consulting reports, from 2010 to 2022, there were 260 projects with completed valuations exceeding 50 million yuan, averaging 26 projects per year. The cumulative assessed value totaled approximately 120 billion yuan, with the highest single-project valuation reaching 16.7 billion yuan and the highest valuation for a single batch of projects amounting to about 24.7 billion yuan.

2. Overseas mining projects

Since 2007, the company has been undertaking overseas mining projects, including project consulting and mineral asset valuation. Representative overseas projects from 2010 to 2022 are listed in Table 5-1. The project locations span Asia, Africa, Oceania, and South America, and the minerals involved include gold, silver, copper, iron, lead, zinc, niobium, tantalum, antimony, gallium, coal, and others. Clients have included Baowu Group, Tongling Nonferrous Metals Group, Zhejiang Provincial Materials Group, and Zhejiang Energy Group, among others.

When undertaking overseas projects, our company can leverage two established platforms—the Beijing Platform and the Shanghai Platform. The Beijing Platform is operated by China Color Silk Road Mining Consulting (Beijing) Co., Ltd., while the Shanghai Platform is the Mining Innovation Services Alliance. Both platforms are built around the entire mining industry value chain and offer comprehensive, specialized intermediary services capable of handling complex, large-scale mining projects.