Yichun 414 mining area was once regarded as the best target of lithium resources in Jiangxi Province, but the lithium resources in jianxiawo mining area, where Contemporary Amperex Technology Co.Limited(300750) ( Contemporary Amperex Technology Co.Limited(300750) . SZ) obtained the exploration right, are more than twice that of the former. According to the information disclosed by Yichun natural resources bureau and the analysis of securities analysts, the production scale of jianxiawo mining area may reach 200000 tons of lithium carbonate / year. It is worth noting that since Contemporary Amperex Technology Co.Limited(300750) is mainly engaged in power batteries, Yongxing Special Materials Technology Co.Ltd(002756) ( Yongxing Special Materials Technology Co.Ltd(002756) . SZ) with beneficiation capacity may have the opportunity to become a partner.
On April 20, Contemporary Amperex Technology Co.Limited(300750) holding subsidiary Yichun Shidai New Energy Mining Co., Ltd. (hereinafter referred to as "Yichun Shidai") successfully won the exploration right of ceramic soil (including lithium) from zhenkouli, Yifeng County, Jiangxi Province to jianxiawo mining area, Fengxin County (hereinafter referred to as "jianxiawo mining area") with an offer of 865 million yuan. The exploration right of the mine covers an area of 6.44 square kilometers. It is inferred that the porcelain ore resource is 960251000 tons and the associated lithium metal oxide is 265678 tons.
According to the financial Associated Press, the conversion coefficient of lithium oxide and lithium carbonate equivalent LCE is 1:2.47. Jianxiawo mining area is equivalent to about 6.57 million tons of lithium carbonate equivalent. Previously, Orient Securities Company Limited(600958) relevant research report showed that the lithium oxide resource in Yichun 414 mining area, which is regarded as a high-quality target, was 1.1 million tons, and the total proved available lithium oxide reserve in Yichun city is about 2.58 million tons.
On the other hand, the financial Associated Press reporter learned from the evaluation report on the transfer income of ceramic soil and mineral prospecting right in zhenkouli, Yifeng county and jianxiawo mining area, Fengxin County, Jiangxi Province (hereinafter referred to as the "evaluation report") disclosed by Yichun natural resources bureau that due to the design slope pressure, the ore volume is 144.54 million tons, and the recoverable reserves of the mine are 774.92 million tons.
Source: Yichun Natural Resources Bureau
As for the production of jianxiawo mining area, the appraisal report shows that the construction investment of the appraisal and design project is 2.158 billion yuan. Based on the recoverable reserves of jianxiawo mining area of 774.92 million tons and the production scale of 30 million tons / year, the service life of the mine is 25.83 years. According to the average lithium oxide grade, the above production scale can reach 200000 tons of lithium carbonate / year.
In fact, jianxiawo mining area not only has high lithium resources, but also its price is relatively low. If the equivalent of 6.57 million tons of lithium carbonate in jianxiawo mining area and jianxiawo mining area is obtained at 865 million yuan, the equivalent consideration is 132 yuan / ton of lithium carbonate. Previously, Li Liangbin, chairman of Ganfeng Lithium Co.Ltd(002460) board of directors, purchased 70% equity of Mengjin mining at the price of 1.344 billion yuan, with the corresponding price of 1907 yuan / ton of lithium carbonate.
Tianyancha app shows that Contemporary Amperex Technology Co.Limited(300750) and Yichun Mining Co., Ltd. (hereinafter referred to as "Yichun mining") hold 65% and 35% equity of Yichun times respectively, and Yichun SASAC is the indirect actual controller of Yichun mining. On this basis, Yongxing Special Materials Technology Co.Ltd(002756) and Yichun mining are also related. The two sides once established a joint venture to hold shares in Yifeng Huali Mining Development Co., Ltd.
Insiders believe that Contemporary Amperex Technology Co.Limited(300750) is mainly engaged in power batteries, and the main purpose of lithium resource reserve is to ensure the safety and stability of the supply chain, so it is not necessary to mine in person. This may mean that Yongxing Special Materials Technology Co.Ltd(002756) with beneficiation capacity may have the opportunity to cooperate with Contemporary Amperex Technology Co.Limited(300750) on jianxiawo mining area.
Previously, Yongxing Special Materials Technology Co.Ltd(002756) announced that the company and Contemporary Amperex Technology Co.Limited(300750) signed a joint venture agreement. The two sides will establish a joint venture according to the agreement and invest in the construction of lithium carbonate project with the joint venture as the main body. The total investment amount of the project will not exceed 2.5 billion yuan, and it is planned to build a project with an annual output of 50000 tons of lithium carbonate.
