[The lithium carbonate project of Dazhong Mining has started construction] Hunan Dazhonghe Lithium Mine Co., Ltd. recently held the groundbreaking ceremony for the new process lithium carbonate project for harmless comprehensive utilization of lithium slag. The project is expected to produce 80000 tons of battery grade lithium carbonate annually and is scheduled to be completed in 2028. On the same day, its parent company, Dazhong Mining, announced that its wholly-owned subsidiary, Chengtai Mining Investment Co., Ltd. in Chenzhou City, has obtained a mining license for the Jijiaoshan Lithium Mine in Hunan Province issued by the Ministry of Natural Resources, which is valid for 30 years. This mine is the first large-scale lithium mining license obtained by Dazhong Mining. The lithium mining resources reviewed and filed by the Ministry of Natural Resources have reached 489.872 million tons, equivalent to approximately 3.2443 million tons of lithium carbonate equivalent. The open-pit mining scale is 20 million tons per year. Based on industry experience and company testing, mining 20 million tons of raw ore annually can support the production of approximately 80000 tons of lithium carbonate, providing stable resource support for new lithium carbonate projects. Editor/Cheng Liting
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