en.Wedoany.com Reported - On July 2, 2026, China Baodi Mining Co., Ltd. publicly responded on the investor interaction platform regarding the latest developments in the company's exploration business, confirming that the company is steadily advancing geological exploration work for its own mineral rights in accordance with the established plan. The company also clarified that if subsequent exploration progress triggers information disclosure standards, it will strictly comply with regulatory rules and fully fulfill its information disclosure obligations.
Baodi Mining is a listed company primarily engaged in iron ore mining, beneficiation, and mineral investment. This official response formally confirms the pace of Baodi Mining's exploration business progress. Currently, multiple specific mineral rights exploration projects have been substantially initiated, with key projects steadily and orderly conducting exploration operations, and resource reserve expansion efforts continuing to deliver tangible results.
In terms of core mineral rights project advancement, each sub-project has achieved phased progress. For the mining rights project under Congling Company, the company has fully completed the corresponding mineral resource exploration and special research work. Since acquiring 87% equity of Congling Energy, the company has successfully added 82.6661 million tons of iron ore reserves, significantly expanding its iron ore resource reserve scale. As one of the company's core exploration rights, the Tuzisugaite East Salt Mine has completed preliminary reconnaissance exploration work. The construction and exploration work of the Haxiyatu Iron Polymetallic Mine project are accelerating simultaneously, with the project team fully advancing core tasks such as on-site drilling operations and verification of mineral discovery results. The project's planned production capacity is 1.44 million tons per year.
In addition to the above key projects, the company's mineral resource reserve layout continues to improve. Currently, Baodi Mining has five exploration rights in normal operational status. Multiple high-quality mineral rights, including the Tulufan Changquanshan Magnetite Exploration Right, are steadily advancing preliminary preparations and exploration work, continuously strengthening the company's core competitiveness in mineral resources.
