Ministry of Natural Resource---The sale of exploration rights of a multi-metal mine in Fuyun, Xinjiang, for 1.075 billion yuan set a premium record

 Recently, it was learned from the Xinjiang Department of Natural Resources that the exploration right of Yundu Kala gold copper cobalt polymetallic mine in Fuyun County, Xinjiang was successfully sold for 1.075 billion yuan, and the premium rate set a record for the transfer of exploration rights in Xinjiang.

 The transfer of exploration rights in this batch adopts the method of price increase quotation and adopts the mechanism of circuit breaker quotation margin increase. If the bidding exceeds 100 million yuan, the margin increase will be 20 million yuan; If the bid exceeds 500 million yuan, the additional margin will be 50 million yuan. After two rounds of price increase and margin increase, the exploration right was finally won by a mining enterprise with 1.075 billion yuan. Compared with the starting price of 5.030,400 yuan, the premium rate of the final transaction price reached 21,278 percent, setting the highest record for the listing premium of exploration rights in Xinjiang.

 It is reported that Fuyun County Yundukala gold copper cobalt polymetallic mine prospecting rights area of 41.92 square kilometers, 2016 to 2022, the autonomous region's financial investment of 23.4 million yuan, completed 23,300 cubic meters of trough exploration, drilling 12,700 meters, delimiting 15 copper (gold, cobalt) ore bodies, of which 9 gold ore bodies, copper gold (cobalt) ore bodies 6; The estimated inferred ore amount is 38.3819 million tons, including 148,500 tons of copper with an average grade of 0.39%, 11.22 tons of associated gold with an average grade of 0.29 g/ton, and 7,429.11 tons of associated cobalt with an average grade of 0.02%. The estimated inferred resources of copper, associated gold and cobalt are above medium scale.

 The person in charge of the Mining rights Management Department of Xinjiang Department of Natural Resources introduced that there are two main reasons for the high premium rate of the transfer of exploration rights: First, gold, copper and cobalt are strategic mineral resources, with large market demand and short supply; Second, the prospecting right has a good prospecting prospect after exploration.