Zijin Mining Acquired Xinjiang Sawa Artun Gold Mine For 500 Million Yuan

7月14日晚上,紫金矿业集团有限公司。Public announcement, subordinate subsidiary northwest of zijin mining group co., LTD. (hereinafter referred to as the "northwest of zijin company") by way of contract transfer, acquisition of alex investment co., LTD. (hereinafter referred to as the "alex") held in xinjiang wei fu mining co., LTD. (hereinafter referred to as the "weifu mining") 100% stake, The equity transfer price is RMB 461,083,900 yuan, and the creditor's rights of Weifu Mining And Xinjiang Tongyuan Mining Co., LTD. (hereinafter referred to as "Tongyuan Mining") held by Alex and other creditors are purchased by RMB 38,236,100 yuan, with a total investment of RMB 49,932.00 yuan.

After the completion of the acquisition, Zijin Mining will hold 70% of tongyuan Mining's equity and 263 million yuan of creditor's rights to Tongyuan Mining. Tongyuan Mining holds 100% interest in Sawayardun Gold Mine in Wuqia County, Xinjiang province.

Introduction of gold mine project

Sawayartun Gold Mine位于新疆的Wuqia县，距离Wuqia县约110公里。采矿区位于西南天山山脉的西部，海拔3,100〜4,348米，北部的地形高，南部的地形高，山很陡。采矿区是大陆气候的典型Pamir子区域，年度降水量为1,000至1,500毫米，蒸发为1,500毫米。采矿区没有永久居民，运输还可以。乌鲁克恰蒂镇有一个110kV变电站，距离采矿区45公里。距采矿区2公里的Savayardon河的多年生自来水可以满足该项目的生产和生存水，并且可以由当地人提供项目建设和生产所需的辅助材料和燃料。

Sawayarten gold mine contains the mining right of "Sawayarten Gold Mine in Wuqia County, Xinjiang" and the exploration right of "Sawayarten Gold mine peripheral exploration in Wuqia County, Xinjiang", which are both held by the same origin mining industry. The Exploration of Savayarton Gold Mine has been completed, and the mining right certificate has been obtained. The mining right covers an area of 1.709 square kilometers, with underground mining and production scale of 140,000 tons per year. The term of validity is March 22, 2023, and the mine has not been developed and constructed. The 10.93 sq km outer exploration right of the Savayarton gold mine is valid until June 15, 2023.

The Savayarton gold deposit is a low-grade metamorphic leachate hydrothermal (carlin-like) type gold deposit. A total of 21 mineralization zones have been discovered in the mine, among which the main ore body is 3,660 meters long and the average thickness is 6.22 meters, which is like a plate. According to the Exploration Report of Sawayartun Gold Deposit in Wuqia County, Xinjiang, with 0.8 g/t as the boundary grade, there are 76,539,900 tons of ore and 119.5 tons of gold and metal in the mining area, with an average grade of 1.56 g/t. Among them, the amount of industrial ore is 23.2529 tons, the amount of gold metal is 60.07 tons, with an average grade of 2.59 g/ton; The low grade ore has 53.28700 tons of ore and 59.43 tons of gold and metal with an average grade of 1.12 g/t. The resources of this project reach super large scale.

Sawayartun金矿矿床位于中亚金带，具有良好的区域金属源性条件，并且沉积物的深度和周围具有一定的勘探潜力。

项目开发计划

根据Zijin Mining Co.，Ltd。的子公司Zijin Engineering Design Co.，Ltd。编写的前可行性研究报告，该项目的计划建筑规模为8,000吨/天，年度矿石处理能力为年度矿石处理能力264万吨。施工期为2年，生产期为25年。在矿山的浅水区开放式矿井开采，首先开放的坑开采，地下采矿采用了无支柱的船长洞穴。

优惠过程是预先确定的，是粗碎，半自动研磨，石材碎石（保留），球打磨，浮选（含有中等地址），金浓缩物预处理（生物学预氧化），氰化物浸泡的吸附。由于该矿石属于难治性冶炼的类型，因此该公司计划使用生物学前氧化方法来治疗难治性冶金浓缩浓缩液，该方法具有简单过程，低投资，高金额恢复和环境友好，小污染的优势。该项目的总投资预计为14.3亿元人民币。该项目的产物是装载金的碳，年产量为2.76吨黄金。

iii。项目评估

Zijin Mining Group委托资产评估来源有限公司。根据该项目使用金金属119.5吨的资源，Zhejiang同源矿业有限公司，有限公司，Xinjiang Wu Just Just County of Xinjiang Sarwar Yar Yar Yar Yar Yar Yar Yar Gold Mining正确的价值评估，2022年3月31日的评估基础日期，用于处理264百万吨的264百万吨矿石数量，折现现金流量方法的评估方法，采矿权的评估价值为70,85851万元。

Iv. Introduction to the project company

Weifu Mining was established in 2003 with a registered capital of 230 million yuan and is wholly owned by Hong Kong Alex Investment Co., LTD. As of June 30, 2022, Weifu Mining has total assets of 264 million yuan, total liabilities of 1.9045 million yuan and net assets of 262 million yuan. As the project has not yet been developed, the net loss achieved from January to June 2022 is 406,000 yuan. (The above financial data is not audited)

汤尤恩（Tongyuan）矿业的注册资本为5000万元人民币，其中70％由Weifu Mining持有，Xinjiang Baokai Nontrous Mining Co.，Ltd。持有15％，由Kashi Dadi Industrial Geological Geological Geological Exploration Co.，Ltd。，下属，Kashi Dadi Industrial Geological Exploration Co.致新疆地质与矿产资源局。截至2022年6月30日，汤尤恩采矿的总资产为3.13亿元人民币，总负债为2.63亿元人民币（收购完成后，债权人的权利由Weifu Mining和Zijin Northwest Company持有），净资产为5000万美元Yuan和2022年1月至2022年6月的净利润为0。（未审核上述财务数据）

There is no correlation between Weifu Mining, Tongyuan Mining and Zijin Mining.

收购的含义和风险

The board of Directors of Zijin Mining believes that The sawayartun gold mine is a rare undeveloped gold mine of 100 tons in China, which has a certain prospecting potential and is helpful for the company to further improve its gold resource reserves. The construction conditions of the project are good, and there is a small-scale mining right certificate, which lays a certain foundation for the subsequent expansion of production scale. The company has invested in wulagen lead-zinc mine and zinc smelting project in Wuqia County, and this acquisition has synergistic effects. Upon completion of the transaction, the company will acquire a 70% stake in Tongyuan Mining and will also hold 263 million creditor's rights in Tongyuan Mining, which tongyuan will repay through operating income.

Zijin mining said that the project resources have been preliminarily verified, but there is still a possibility of negative change in resource quantity and grade. The ore body surrounding rock condition is poor, the mining area is earthquake prone area, will increase the difficulty of mine engineering construction and mining cost; The deposit belongs to the fine disseminated deposit, the ore body contains arsenic, carbon and antimony, which affects the comprehensive recovery rate and the overall business benefit. The overall grade of the project is low, and the ore is difficult to mining, beneficiation and smelting. There are certain technical and operational risks, and the ability to resist market price risks is low. Please pay attention to it.

Canadian-listed GobiMin Inc. said the sale of Hong Kong Alex Investment Limited, a subsidiary of GobiMin, is expected to be completed on or before September 30, 2022. Mr. Felipe Tan, President and Chief Executive Officer of GobiMin, commented: "The decision to sell the gold project was made after careful consideration of all options open to us in the current economic and market conditions. The sale enables the Group to maintain a sound financial position and the net proceeds can be used to pursue new business opportunities."