| Research scope for this round | Materials state 1 million wet tonnes contracted
Contract copy requires verification | Phase one: 1 million wet tonnes
Full repository approximately 3 million; subsequent approximately 2 million require separate investment and accounting | Proposed securing of 1 million wet tonnes
Formal contracts and ownership require verification |
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| Dry-tonne basis | Guaranteed minimum delivery of 700,000 dry tonnes
Supplemental mine-supply obligations are subject to the contract | Minimum first-phase delivery: 700,000 dry tonnes
Minimum delivery is not final actual throughput | Minimum delivery 700,000 dry tonnes
Actual throughput requires batch records |
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| Implementation pathway | Danzhai ore supply → Chenzhou refining
Existing-line validation and new-line expansion | Drying and transfer near Xingren → Chenzhou processing
Site, logistics, receiving and parallel arrangements for two mines remain to be established | Anhua ore source → Proposed processing in Chenzhou
Overall startup with a separate new production line |
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| Nature of capacity | Existing line trial production reference approximately 300 dry tonnes/day
Stable-production target 500; new design capacity 1,500
Nominal total 2,000, not realized throughput | Supporting new line designed for 1,500 dry tonnes/day
Proposed at Chenzhou; implementation configuration remains to be established | New line design capacity: 1,500 dry tonnes/day
Pending construction, acceptance and continuous operating validation |
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| Proposed funding and uses in this round | RMB 15 million / Dedicated new production line
Construction RMB 12 million, intermediary fee RMB 3 million; operating working capital arranged separately | RMB 40 million / First-phase development
Includes first-phase ore-securing payments; excludes development of the subsequent approximately 2 million wet tonnes | RMB 40 million / Full launch
Six budget categories; RMB 5 million in ore-securing payments included in the total |
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| Gold output and cost evidence | Gold output of 0.8 grams/wet tonne is a project sponsor reference
RMB 550/dry tonne is a calculation assumption
Awaiting testing, continuous-operation and financial verification | First-phase gold output 0.8 grams/wet tonne; costs RMB 550/dry tonne
All are preliminary assumptions requiring validation using materials from the Xingren mine itself | Gold output 0.8 grams/wet tonne; costs RMB 550/dry tonne
All are preliminary assumptions requiring mine-specific testing and trial production validation |
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| Next verification priorities | Continuous processing, stable gold output and expansion support
Retain testing, production, sales and collection records | First-phase contract boundaries, logistics and processing support
Confirm this round's rights, interests and costs separately from subsequent ore quantities | Ore supply contracts, process trial production, engineering and funding
Establish overall launch conditions and cost allocation |
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