en.Wedoany.com Reported - Recently, Dazhong Mining disclosed an investor relations activity record, stating that the combined filed lithium carbonate equivalent resources at the Jijiaoshan Lithium Mine in Hunan, China, and the Jiada Lithium Mine in Sichuan, China, exceed 4.72 million tonnes, with a total planned lithium carbonate production capacity of 130,000 tonnes per year. Against the backdrop of the continuously rising strategic value of global lithium resources, the scale of Dazhong Mining's lithium resource reserves has become further evident.
The Jijiaoshan Lithium Mine in Hunan, China, has been issued a Mining Permit by the Ministry of Natural Resources. The permitted mining minerals include lithium, tungsten, tin, niobium, tantalum, rubidium, etc., with lithium as the primary mineral. The mining scale is 20 million tonnes per year, with a validity period of 30 years. The mine's lithium ore resource volume reviewed and filed by the Ministry of Natural Resources is 489.872 million tonnes, corresponding to a lithium carbonate equivalent of approximately 3.2443 million tonnes. This mine obtained China's first lithium mining permit after the implementation of the new Mineral Resources Law. Currently, the beneficiation project at the Jijiaoshan Lithium Mine is expected to commence production in the fourth quarter of 2026, with the smelting segment simultaneously planning to start trial production. The mining and beneficiation scale of 20 million tonnes per year corresponds to a lithium carbonate production capacity of approximately 80,000 tonnes per year.
The mining permit application for the Jiada Lithium Mine project in Sichuan, China, has been submitted to the Ministry of Natural Resources and is currently in the stage of soliciting opinions from local competent authorities. Dazhong Mining has simultaneously advanced supporting projects such as access roads, tunnel boring, and site leveling. The filed resource volume for the initial mining area of the Jiada Lithium Mine is 1.4842 million tonnes of lithium carbonate equivalent. The Phase II geological exploration work outside the initial mining area has been completed, and a geological report is being compiled; Phase III field geological exploration is planned to commence in 2026. Dazhong Mining stated that if peripheral resources are further expanded, it will help enhance the company's scale advantage in the lithium business.
Dazhong Mining holds 100% controlling stakes in both major lithium mines. The Hunan project adopts the company's pioneering new sulfuric acid lithium extraction process, which can increase the lithium recovery rate to over 90% and simultaneously recover associated elements such as potassium and rubidium. Both projects utilize TBM tunnel boring machines for transport tunnel excavation. The Jijiaoshan Lithium Mine in Hunan corresponds to a lithium carbonate production capacity of approximately 80,000 tonnes per year; the Phase I design mining and beneficiation scale for the Jiada Lithium Mine in Sichuan is 2.6 million tonnes per year, corresponding to a lithium carbonate production capacity of approximately 50,000 tonnes per year. The total planned lithium carbonate production capacity for the two major projects reaches 130,000 tonnes per year, with plans to gradually increase production and expand capacity starting from 2027.
According to SMM spot quotes, as of May 28, the spot quotation for battery-grade lithium carbonate ranged from 171,000 yuan/tonne to 180,000 yuan/tonne, with an average price of approximately 175,500 yuan/tonne. Industry insiders indicated that future attention should be focused on the progress of mine resumption in Jiangxi, the shipment status of lithium concentrate from Zimbabwe, and changes in downstream cathode material and battery cell production scheduling data.
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