After AI express, investors ask questions on the investor interaction platform: how many titanium ore resources are currently proved by the company, and how many years can it be mined according to the current mining volume?
Lb Group Co.Ltd(002601) ( Lb Group Co.Ltd(002601) . SZ) said on the investor interaction platform on April 16 that the company owns titanium resources in Panzhihua and Yunnan, and owns zirconium and titanium resources with a minority stake in Australia through its subsidiary Guangdong Orient Zirconic Ind Sci And Tech Co.Ltd(002167) in Australia. Among them, the company’s vanadium titanium magnetite resources in Panzhihua are the largest vanadium titanium magnetite in China, with an annual output of 15 million tons of raw ore, 3.8 million tons of iron concentrate and 900000 tons of titanium concentrate; By the end of 2021, the exploitable titanium reserves of Panzhihua vanadium titanomagnetite are about 7.62 million tons, the exploitable iron reserves are about 72.93 million tons and the exploitable vanadium reserves are about 176000 tons. In order to ensure the stable supply of raw materials, on the one hand, the company accelerated the release of production capacity of sulfur chlorine coupling synthetic rutile project and realized the upgrading and conversion of domestic titanium concentrate into titanium chloride slag project in Panxi; On the other hand, the company has signed a strategic cooperation agreement with Australia East zirconium to give full play to the development advantages of both sides in their respective fields. The company assists Australia East zirconium to expand the business scale of titanium zirconium in Australia, and aims to integrate the coastal titanium zirconium placer project with an annual output of 1 million tons of titanium zirconium heavy minerals within five years. Australia East zirconium gives priority to ensuring the procurement demand of raw materials of our company; At the same time, the company is also actively looking for high-quality titanium ores outside China and expanding production at the right time.
