Tuchushan Iron Mine

Tuchushan Iron Mine is located about 130 km southwest of the Hami City.  There is no major blockage of traffic for the mining area. There are several ways connecting Tuchushan Iron Mine to the Hami City.

Pursuant to the JORC Resources Estimate at a 20% Fe lower cut-off grade as at 30 November 2011 prepared by Philip A. Jones, a competent person as defined in the Listing Rules of the GEM of the Stock Exchange, the reserve estimates were summarized below:

The Group did not have material activities on the iron mine since the year of 2013.

In July 2017, Xinjiang Tianmu received a notice from a regulatory authority, according to which Xinjiang Tianmu was ordered to terminate its mining, exploration and development activities of the Tuchushan Iron Mine which is located in Xinjiang Lop Nur Wild Camel National Grade Natural Reserve. As Tuchushan Iron Mine has no operating activities for years, the shut-down has no material financial impact on the Group.