Tibet Huayu Mining Co.,Ltd. (ASX: 601020) has provided an update on the progress of its Guizhou Nibao gold mine project.
In a response to an investor inquiry on an interactive platform, the company stated that the construction work at the Guizhou Nibao Gold Mine is currently proceeding smoothly.
According to the feasibility study report, the mine is expected to commence processing one million tonnes of ore annually starting from April 2028.
Upon reaching full production capacity, the project is projected to yield approximately 3.5 tonnes of gold per year.
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