Location of the Mines
About Xinjiang Fengli Mine
Xinjiang Fengli holds an exploration permit covering an area of 21.51 km2 in Xinjiang, giving it the right to explore for metals and minerals in the area. So far, almost 150 holes have been drilled with an aggregate length of approximately 29,400 metres.
According to the Australasian Joint Ore Reserves Committee (“JORC”) Report, the mine has the following level of resources:
| Resources Category | Resources (million tonnes) | MgO (%) | SiO2 (%) | Fe2O3 (%) | Ni (%) | Co(%) |
| Measured | 1536 | 41.75 | 35.50 | 6.73 | 0.22 | 0.01 |
| Indicated | 2666 | 42.01 | 35.96 | 6.86 | 0.22 | 0.01 |
| Measured and indicated | 4202 | 41.91 | 35.79 | 6.81 | 0.22 | 0.01 |
| Inferred | 5223 | 42.79 | 36.36 | 6.83 | 0.22 | 0.01 |
| GRAND TOTAL | 9425 |
Source: SRK Consulting, Jan 2014
About Urumqi Jinshi Huilong Mine
Urumqi Jinshi Huilong holds exploration permits for chrome in three concession areas covering a total of 26.99 km2 in Xinjiang. The mine also contains serpentine and nickel, and independent geologists are currently verifying the resources under the JORC code.
