Foshan Golden Milky Way Subsidiary Secures Exploration Rights for Tin Polymetallic Deposit in Yudu County, Jiangxi

Stock News08-05

Foshan Golden Milky Way Intelligent Equipment Co.,Ltd. (300619.SZ) announced that its controlling subsidiary, Jiangxi Jindeli New Energy Technology Co., Ltd. (referred to as "Jiangxi Jindeli"), successfully won the bid for the exploration rights of the Jiaokeng tin polymetallic deposit in Yudu County, Jiangxi Province, with a bid of 25.01 million yuan.

Recently, Jiangxi Jindeli obtained the real estate title certificate (exploration rights) for the Jiaokeng tin polymetallic deposit exploration in Yudu County, Jiangxi Province, issued by the Ministry of Natural Resources. The exploration rights cover the mineral type of tin, with an exploration area of 1.749 square kilometers (approximately 2,623.5 mu). The deposit is located in Yudu County, Ganzhou City, Jiangxi Province, situated within the important Gannan non-ferrous metal metallogenic belt, which features superior regional metallogenic geological conditions and favorable resource endowments.

The acquisition of these exploration rights will further enhance the company's industrial layout in the fields of new energy and rare precious metals, including lithium, tin, rubidium, cesium, potassium, and aluminum. It is expected to create synergies with the company's existing lithium battery equipment manufacturing, lithium battery new energy materials, and rubidium-cesium salt businesses, thereby strengthening the company's resource self-sufficiency capability, reducing the risk of price fluctuations in upstream raw materials, and improving the company's core competitiveness and long-term sustainable development capabilities.

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