Ganzhou Hongtao Tungsten Mine Right Transfer Income of 4.5749 Million Yuan

The Jiangxi Provincial Department of Natural Resources intends to transfer the mining rights of the Hongtao Tungsten Mine in Ganzhou with compensation. According to the relevant report, the estimated value of the transfer proceeds from the mining rights of the Hongtao Tungsten Mine is 4.5749 million yuan. It was higher than the benchmark price of the transfer income calculated based on the mining rights transfer income market in Jiangxi Province of 4.5434 million yuan.

Hongtao Tungsten Mining Area is located in Chitu Town, Nankang District, Ganzhou City, Jiangxi Province. The mining right evaluation area covers an area of 1.3199 square kilometers with an elevation of 556 meters to 120 meters. The mining area was discovered in 1928 and manually excavated. In 1952, it was managed by the Yangmeisi Tungsten Mine Aoyuminlong Management Station. In 1958, it was assigned to the Nankang Tungsten Mine and the Hongtaoling pit was established. In 1962, it was recovered by the Xialong Tungsten Mine State-owned and the Hongtaoling pit was established. The mine was suspended at the end of 1963. By 2005, the enterprise was transformed into a limited liability company.

a tungsten mine image

As of December 31, 2018, the original mining license contained 110.8kt of tungsten ore (122b+333), WO3 is 770t with an average grade of 0.695%. The amount of symbiotic tin ore (122b+333) is 110.8kt, and the amount of Sn metal was 612t. The ore volume of the symbiotic copper ore (122b+333) is 16kt, the Cu metal content is 123t, and the average grade is 0.769%. The associated copper ore (122b+333) ore volume is 94.8kt, the Cu metal content is 360t, and the average grade is 0.380%. The amount of associated silver (333) ore is 110.8kt, the amount of silver metal is 690kg, and the average grade is 6.2g/t.

As the estimated utilization of resource reserves (as of September 30, 2006), the main ore type tungsten ore (122b+333) ore volume is 172.2kt, WO3 metal volume is 1139t, WO3 average grade is 0.661%. The amounts of ore are 172.2kt, the amount of tin metal is 869t, and the average grade of Sn is 0.505%. The total (associated) copper ore (122b+333) amount is 172.2kt, the amount of copper metal is 875t, and the average Cu grade is 0.508%. Among them, the amounts of symbiotic ore are 47.6kt, copper metal content is 468t, Cu average grade is 0.983%, the associated ore volume is 124.6kt, copper metal content is 407t. The associated silver ore (333) volume is 172.2kt.

The recoverable reserves in Ganzhou Hongtao Tungsten Mine respectively are, main mineral tungsten of 139.91Kt, WO3 metal content of 918.45t, WO3 average grade of 0.656%, a symbiotic tin of 139.91Kt, the metal content of 705.12t, with an average grade of 0.504%, total (associated) copper of 139.91Kt, the metal content of 718.65 t. The average grade is 0.514%, and the associated silver is 139.91kt, the metal content is 867.47kg, and the average grade is 6.2g/t.

 

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