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PROJECT 01 / DANZHAI · GOLD RESOURCES
Beyond gold prices, project value comes from resources, processes and operations. Explore testing materials, on-site records and operating conditions for No. 1 Danzhai gold tailings to understand the evidence and investment arrangements item by item.
Danzhai, Guizhou · Ore loading
Sponsor-provided on-site imagery / Filming date and batch require verificationNo. 1 provisional contracted material quantity
Final settlement based on actual weighed quantity
Supplementary testing records in this update
9 Xinda data records + 1 Guiyan report
Mine supply and processing destination
Material collection / Transfer / Transport / Processing
01 / INVESTMENT THESIS
No. 1 Danzhai offers an on-site case for understanding these projects: resources and sampling, material flows and processing, and how operating data is generated.
Review Danzhai project researchContract scope, sampling locations, gold content and moisture determine the starting point of analysis. Interpret test results in their specific sample and measurement context, progressively establishing the project's resource evidence.
Create traceable batch links from loading at the ore source to receipt at the plant. Actual recovery rates, stable throughput and costs require continuous trial production and operating records.
Check each stage's materials across No. 1 project ore supply, logistics, processing and operating records, tracking actual progress and outstanding items.
02 / ASSAY EVIDENCE
This supplement adds 9 Xinda testing records and 1 Guiyan report.
Retain location, depth, moisture and date for item-by-item review.
Samples from different locations and depths at the middle and head of the tailings dam. Gold grades and moisture are recorded exactly as supplied by the user.
| Sample location | Depth | Gold / g·t⁻¹ | Moisture |
|---|---|---|---|
| Danzhai tailings dam midsection | 3 m | 1.16 | 36.41% |
| Danzhai tailings dam head 2# | 5 meters | 1.17 | 31.17% |
| Danzhai tailings dam head 2# | 3 m | 1.42 | 27.66% |
| Danzhai tailings dam head 1# | 4 m | 1.21 | 29.90% |
| Danzhai tailings dam midsection | 4 m | 1.13 | 55.05% |
Source: user-provided Xinda testing institution data · Original reports pending
Sample data from the bottom, dam, tail end and midsection of the tailings storage facility; only the bottom sample has a stated depth of 5 meters, and moisture has not yet been provided.
| Sample location | Depth | Gold / g·t⁻¹ | Moisture |
|---|---|---|---|
| Tailings storage facility bottom | 5 meters | 0.88 | Not provided |
| Tailings dam | Not provided | 1.48 | Not provided |
| Tail end of the tailings storage facility | Not provided | 1.10 | Not provided |
| Tailings storage facility midsection | Not provided | 0.82 | Not provided |
Source: user-provided Xinda testing institution data · Original reports pending
Sample results from two institutions' reports, including the newly added August 29 Danzhai warehouse sample report. Review separately from Xinda data.
| Sample / Institution | Gold grade benchmark | Gold / g·t⁻¹ | Moisture |
|---|---|---|---|
| Danzhai 1# · Yongxing Guiyan | Requires verification | 1.04 | 31.82% |
| Danzhai 2# · Yongxing Guiyan | Requires verification | 0.76 | 32.99% |
| Danzhai Sample No. 1 · Changsha Research Institute of Mining and Metallurgy | Dry basis | 0.79 | 35.10% |
| Danzhai-warehouse · Yongxing Guiyan | Requires verification | 1.06 | 26.40% |
Gold content is the tested value for the corresponding sample. The dry/wet bases, sampling representativeness and original reports for the two new data groups require verification. Moisture and gold grades are listed separately, with no direct conversion or averaging with existing reports at this stage. Tested gold content and actual process gold output are verified separately.
03 / FROM MINE TO FACTORY
Understand project implementation through material flows.
Then check actual results against weighing, processing, sales and collection documents.
Collect material under the contract, recording actual material weight at the mine, batch and loading/transport details.
Receiving, stockpiling and drying, linked to dispatch records and moisture changes.
Link dispatch, transportation and factory receipt, checking measurement documents at each node.
Track processing batches, actual gold output, testing and sales, and subsequent collections.
Transfer-site receipts for the same period were backfilled as 36,000 tonnes
Reconcile dispatch and receipt by batch, time and moisture
Actual processing, gold output and sales collection records pending
Tonnage at each node reflects the actual material weight at that location; moisture changes during drying and transportation. Do not subtract these three figures directly to infer inventory or losses. Actual inventory, processing, gold output and distributable returns must each be verified against the corresponding documents.
Images come from project materials and newly added on-site videos. Locations follow source labels; filming dates and corresponding batches require verification. Use the footage to understand operational stages.
Plant panorama, loader feeding and equipment stations: three live-action clips edited into an approximately 34-second overview. Added 2026.10.05; filming dates and processing batches remain outstanding.
Open post-investment archive to view all clips04 / GOLD VALUE & COST
Conditional calculations use the same 1 million tonnes of raw material and the mean of three original samples. The 10 newly added testing records are listed separately and have not yet entered the baseline model.
Average moisture 33.303333…%; technical conversion, not an additional delivery quantity
Uniform dry-basis grade of 0.863333… grams/dry tonne, assumed recovery rate 85%
Assumed settlement price of RMB 1,000/g, with all estimated gold assumed saleable
Missing expenses not yet deducted; not net profit or distributable cash
| Cost item | Full-cycle entered amount / RMB 10,000 | Allocation / RMB·feedstock tonne⁻¹ |
|---|---|---|
| Ore material purchasing and collection | 12,000 | 120.00 |
| Logistics from ore source to transfer facility | 0 (backfilling stated as Party B's responsibility) | 0.00 |
| Transfer, drying, handling and site | 220 | 2.20 |
| Logistics from transfer site to Chenzhou plant | 15,800 | 158.00 |
| Refining and processing, reagents, energy and labor | 12,000 | 120.00 |
| Testing, downstream disposal and environmental protection | 400 | 4.00 |
| Estimated taxes | 1,800 | 18.00 |
| Equipment depreciation or construction-investment allocation | 300 | 3.00 |
| Intermediary and other project fees | 680 | 6.80 |
| Entered total | 43,200 | 432.00 |
Entered costs total RMB 432 million, equivalent to RMB 432/feedstock tonne over 1 million tonnes, or approximately RMB 647.71/dry tonne over an estimated 666,967 dry tonnes. These use different denominators for the same total; they cannot be added or substituted for actual contract unit prices at each stage. Sales, funding and financing expenses remain to be entered; estimated taxes and duplicate allocations require verification.
Uses the simple average of three original report results; the consistent dry-basis premise and 85% recovery rate both require validation. The 10 additional testing records are excluded from this model; actual processing, gold output, sales and collections are verified separately.
This page no longer uses Mine No. 1's previous calculation of 800 kilograms of gold, RMB 550/dry tonne costs and RMB 415 million balance. Construction of RMB 12 million and cash intermediary fees of RMB 3 million are budgeted separately and are not added again to the RMB 432 million cost until their coverage relationship is confirmed.
Review the full model and gold scenario calculator ↗
Source basis: project-party “Gold Capital Introduction to Gold-Associated Gold Tailings 10.5.pptx,” pages 14–17 and 28–30 (34 pages). Materials supplemented through 2026.10.05, operating data backfilled through 2026.09.29, original conditional model uses GOX 2026.10.01. Page compiled: 2026.10.06. Materials and conditional assumptions have not been independently verified.
TAILINGS VALUE / Integrated residual-tailings utilization
The following project-party expectations have been added for Project No. 1 Danzhai. The measurement basis is standardized asRMB/residual-tailings tonne, listed separately from the core gold business estimates. Applicability to this project will be determined using this mine's policy, testing, process and sales documentation.
Sponsor-expected income contribution, using the sponsor's gross-profit terminology. Applicable policies, compliant throughput, approvals and actual receipts require mine-specific verification and cannot be treated as approved subsidies.
Measured in residual-tailings tonnes lawfully usable for processing. Formulation, tailings blending ratio, finished yield, product testing, processing costs and real sales require validation; residual-tailings tonnes cannot be treated directly as finished tile tonnes.
Sponsor expectations excluding the core gold business. Metal types, content, recoverability, processing and settlement costs require validation; reconcile with gold income and floor-tile feedstock destinations to avoid double-counting.
Source: On 2026.10.06, the sponsor provided the ranges above and confirmed residual-tailings tonnes as the measurement base. This shows expected gross profit contributions, not realized revenue, net profit or investor distributions. Government subsidies' financial classification and project gross-profit definitions require separate confirmation.
In the calculation, each expected contribution =Actual residual-tailings tonnes meeting this item's conditions × mine-verified unit return. Each revenue stream may have different eligible volumes and cost scopes. Do not assume all residual tailings qualify, directly add the ranges, or multiply them by the 1 million tonnes of feedstock. Residual-tailings volumes must be supported by actual processing, moisture and material-balance records.
The three items above are currently excluded from the existing gold scenario model and proposed dividend pool. Inclusion in contractual profit requires checking this project's rights scope, cost deductions, taxes, collections and dedicated agreements.
PROJECT UPDATE / PPT last-page supplement
Page 34 of the project party's latest PPT states that Mine No. 1 has entered trial production with gold output and plans to close investment entry at the end of October 2026. These are the project party's latest statements and arrangements; actual feed, gold output, sales and receipts await disclosure. Investment availability is subject to formally confirmed information.
| Project-party proposed ratios | Proposed uses | Conditions to implement |
|---|---|---|
| 40% | Investment institution dividend pool, proposed monthly distributions | Based on agreement-determined profit, effective institutional rights and distributable cash, not fixed monthly returns |
| 40% | Initially for a new 1,500-tonne/day production line; after completion, proposed investment in a private placement by a US-listed gold company | Line budgets, construction progress, issuing entity, eligibility for a private placement, price and approvals require specific confirmation |
| 20% | Reserve for subsequent development | Excluded from this period's institutional distributions; use and retention follow formal financial and governance arrangements |
These are proposed uses of Mine No. 1's overall profit after costs. They cannot be treated as an effective dividend commitment; whether non-gold residual-tailings income belongs in the same profit scope still requires agreement confirmation.
“The No. 1 tailings are expected to enter a US-listed gold company at a value of at least 50 million” is the project sponsor's planning statement. The currency, valuation basis, issuing entity, contribution or investment method and transaction terms require verification. It does not currently confirm a completed valuation, listed-company transaction or transfer of interests.
Source basis: project-party “Gold Capital Introduction to Gold-Associated Gold Tailings 10.5.pptx,” page 34 (34 pages). Materials supplemented through 2026.10.05, operating data backfilled through 2026.09.29, original conditional model uses GOX 2026.10.01. Page compiled: 2026.10.06. Materials and conditional assumptions have not been independently verified.
05 / INVESTOR DIALOGUE
For information on No. 1 Danzhai gold tailings, email to discuss project materials, investment arrangements and site visit needs. The project team provides further materials for specific matters.
info@cnucap.comDefine project scope, resource rights, testing reports and process tests; assess each ore source independently.
Review construction budgets, cost details, use of funds, contracting entities and phase plans, arranging site visits as needed.
Check participation conditions, financing authorization, scope of interests, accounting and settlement, and exit terms before the relevant entities sign formal documents.
Track fund use, implementation progress, actual processing, gold output and sales, and collections, retaining evidence for each batch and version.
06 / QUESTIONS
These data concern samples from specific locations and depths. The new Guiyan report image has been provided; original Xinda reports, wet/dry bases for each group's gold grades and sampling plans require further review. They cannot directly establish stockpile average or minimum grades, or total recoverable gold.
Available materials include mine-supply contracts, testing report screenshots, on-site images and backfilled collection, transfer-shipment and plant-receipt records through September 29, 2026. Departmental data still awaits document review; continuous throughput, actual gold output, sales collections and complete expense allocation remain to be provided.
Wiser Asset presents the project and materials on this page. Each project's formal materials must establish its financing entity, responsibility for signing and collecting funds, and rights relationships with ore suppliers and processors. This page does not identify Wiser Asset as an established ore owner or collection entity.
Email info@cnucap.com with Danzhai material needs and discuss current investment availability, implementation conditions and site visits. Specific financing entities, rights, fees and settlement conditions are confirmed under Project No. 1's formal proposal and agreements.
Project No. 1:Gold Capital No. 1 tailings project materials, updated unified calculation version dated October 1, 2026, with operating statistics through September 29, 2026. The provisional contract volume of 1 million tonnes follows this version's basis of “actual material quantity, settlement by weighbridge measurement,” rather than the wet-tonne / guaranteed dry-tonne wording in the previous plan.
Supplementary testing: user-provided Xinda testing data, 9 entries across two groups; “26-6-1” is presented as June 1, 2026. The other group's test date remains to be supplied; original Xinda reports and sample details require verification.
Original report supplement: Yongxing Guiyan Testing Technology Co., Ltd., W20260828-YX-85, tested and issued August 29, 2026; sample “tailings residue,” original ID “Danzhai-warehouse,” gold 1.06 g/t, moisture 26.40%; dry/wet grade basis requires verification.
Previous testing: Yongxing Guiyan Testing Technology Co., Ltd. report W20260729-YX-172 (July 30, 2026); Changsha Research Institute of Mining and Metallurgy Testing Technology Co., Ltd. W26-0713-011 (submitted for testing July 13, 2026). Screenshots come from No. 1's public materials; verify complete reports and gold-grade bases against originals.
Latest source: project-party “Gold Capital Introduction to Gold-Associated Gold Tailings 10.5.pptx,” 34 pages; materials supplemented through October 5, 2026. Page 34 presents the latest strategic plan; implementation and agreements await confirmation. Three residual-tailings expectations come from the project party's October 6, 2026 supplement. Page updated: October 6, 2026.
No. 1 Danzhai gold tailings · Project materials and investor communication
FACTS / SOURCES / CONTEXT
The Danzhai warehouse sample in Yongxing Guiyan report W20260828-YX-85 dated August 29, 2026 showed gold of 1.06 g/t and moisture of 26.40%. Results apply only to the submitted sample; its wet/dry basis and representativeness still require verification. Xinda data and other institutional reports are listed separately and cannot directly establish the entire stockpile's grade or actual recoverable quantity.
