Leveraging its unique industry strengths, Sinomine innovates the "geological prospecting +" business model, allowing for early low-cost intervention or service-based exchanges for mining rights. This approach enables us to develop high-quality mining rights when conditions are favorable for mining development or mineral rights acquisition. Many of our projects have already undergone our own or cooperative mining development, which lays a solid foundation for the company's leapfrog development.
The Bikita lithium ore resource inventory is estimated to be over 65.4 million tons, which equates to approximately 1,837,800 tons of Lithium Carbonate Equivalent (LCE). The combined lithium resources at SQ 16 and Shaft are estimated to be 40.32 million tons, with an average Li2O concentration of 1.13%, amounting to 1.13 million tons of LCE. Additionally, the associated tantalum pentoxide (Ta2O5) resources at SQI6 are estimated to be 8.4 million pounds, with an average concentration of 186 ppm. Furthermore, the lithium ore resources located at East Bikita are estimated to be 25.1 million tons, with an average Li2O concentration of 1.15%, which equates to approximately 710,900 tons of LCE. In 2022, a total of 199,200 tons of ore were mined, with an average Li2O concentration of 2.02%.
