Member Info for TheBasher

Part 4

As the project continues to advance, the company’s cooperation and exchanges with government departments and mining companies in African countries continue to increase.

powerful.

7. Are royalties included in the royalty ratio and estimated costs of Mali’s mining industry?

Mali’s mining industry royalty is calculated based on 3.6% of sales revenue, and the Bougouni lithium mine’s current

Equity fees are not included in the capital cost.

8. Does the company have plans to expand its lithium hydroxide production capacity?

The upstream field of new energy is the main track that the company focuses on and deploys, and it needs to be deeply cultivated for a long time.

In the industry, low-cost upstream guarantee is the core of the industrial layout. The company will start laying out new projects in 2021

Lithium salt processing and lithium ore development, mining and dressing industries in the upper reaches of the energy track. Currently, there is a 20,000-ton lithium hydroxide project.

(Phase I) is still in the construction stage. The company will be committed to building a company from independent development of lithium resources to lithium salt addition.

The industrial model of industrial integration improves the overall competitiveness of enterprises through the coordinated development of the upstream and downstream of the industrial chain.

Part 3

5. What is the development plan of the Bougouni lithium mine and what is its production capacity after it is put into production?

According to the latest exploration results disclosed by KOD, the Bougouni lithium mining rights are within the scope of

Mineral resources under JORC guidelines are estimated at 31.9 million tonnes with an average lithium oxide grade of 1.06%.

The Bougouni lithium mine is open-pit mining with good mining conditions and has obtained environmental approval and mining rights.

Mining license, currently plans to carry out construction and development in two phases.

The first phase is a heavy medium mineral processing plant, mining and processing the Ngoualana mining area, with a designed mineral processing capacity of approximately

It plans to produce 100,000-120,000 tons of lithium concentrate with a grade of over 5.5% per year. The first phase of the project has started

The construction period is 12 months and is expected to be put into operation by the end of 2024.

Depending on market conditions, the second phase of flotation plant is planned to start construction in 2026 to develop Sogola-

The fine-grained spodumene resources in the Baoulé and Boumou mining areas have a design capacity of approximately 1.5 million tons/

In 2018, it can produce 150,000 tons of lithium concentrate with a grade of over 5.5% per year.

6. How is the business environment and safety in Mali, Africa, where the Bougouni lithium mine is located?

In mid-April this year, the company president led a team to conduct an on-site inspection at the Bougouni project site

conducted research and visited relevant persons in charge of the Malian government, together with the Minister of Mining, Energy and Water Resources of Mali,

The mayor of Bougouni communicated on the lithium mine development project and also informed the Chinese Embassy in Mali of relevant issues.

The person in charge further learned about Mali’s political and security situation and relevant national policies and work requirements.

Mali and China have a long history of establishing diplomatic relations. They have been established for more than 60 years. There are 100-

Securities code: 601969 Securities abbreviation: Hainan Mining

It is relatively safe within 200 kilometers, especially in the south and west. The Malian government attaches great importance to attracting investment.

Resources, mining is Mali's pillar industry. The Bougouni lithium project is located south of Mali’s capital Bamako

180 kilometers away from San Pedro, Côte d'Ivoire in the south, with a population of about 6,000 in nearby villages and an abundant labor force.

The port is 881 kilometers long, with asphalt roads throughout. The infrastructure surrounding the mining area can meet the mining requirements, and

Most of the raw materials can be purchased locally in and around Mali.

The company participated in the China-Africa Economic and Trade Expo for the first time at the end of

Part 2

2. What is the gross profit margin of the company’s oil and gas business?

The gross profit margin of the company's oil and gas business is affected by the price level of Brent crude oil and the special situation of crude oil at corresponding levels.

Revenue tax rate, government share ratio during each oil and gas field contract period, crude oil and natural gas product production and sales

Securities code: 601969 Securities abbreviation: Hainan Mining

structure and other factors.

The price of the company’s crude oil products is in line with the price of Brent crude oil, and its natural gas products are mainly sold domestically.

Domestic natural gas prices are set by the government and are relatively stable. Currently, the main reference is the Sichuan Provincial Pipeline Network Gate

Station price. The cash costs of oil and gas business mainly involve production costs, amortization costs and special crude oil income.

In three aspects, the proportion of special crude oil revenue levy is consistent with the price of crude oil and the policies of the country where the oil field is located.

close. In 2022, ROC's overall operating income will be approximately US$235 million, and its net profit will be approximately US$48.36 million.

(International Accounting Standards), the gross profit margin level is affected by the special income tax and the difference between international and domestic accounting standards.

Affected by different factors, it is between 20%-40%.

3. What is the expected production level of Sichuan Bajiaochang Gas Field in the fourth quarter and next year?

In the first three quarters, ROC's oil and gas production was 4.3618 million barrels of equivalent, of which natural gas production was

2.6075 million barrels equivalent. The daily output of Sichuan Bajiaochang Gas Field has increased to 2 million cubic meters by the end of June

/day, under normal production conditions, the aforementioned output can be maintained in 2024.

4. What are the costs of developing, transporting, and battery-grade lithium hydroxide products at the Bougouni lithium mine?

According to KOD public data, according to the current Bougouni lithium mine development plan, the company estimates that Calculating that the complete cost of lithium concentrate to the Chinese port does not exceed US$650/ton, including mining and beneficiation.

production costs and African inland and sea freight costs.

The company’s 20,000-ton lithium hydroxide project is scheduled to be put into production in June 2024, and the processing costs are expected to be basically

On par with the industry average. The company will actively take advantage of the controllable upstream resources and the tax advantages of Hainan Free Trade Port.

Preferential policies ensure the cost competitiveness and market competitiveness of the company's lithium hydroxide products.

Google translate part 1

Securities code: 601969 Securities abbreviation: Hainan Mining

Hainan Mining Co., Ltd.

Investor Relations Activity Record Form

Number: 2023-012

Investor concerns

Department of activities

Don't

□Specific object research □Analyst meeting

□Media interviews □Performance briefing

□Press conference √Roadshow activities

□On-site visit □Telephone conference

√Other strategy meetings

Participating units

Qianhai Kaiyuan Fund, Vanguard Fund, Caixin Asset Management, Wanfang Asset, China Asset Management, ICBC

Credit Suisse, China Post Fund, Huashang Fund, Orient Securities Asset Management, Xinhua Fund, Yuanwangjiao Investment

Capital, CCB Asset Management, Dongxing Securities, Ping An Asset Management, Shenzhen Mutual Fund, Qindao Capital, etc.

corporate investor

CITIC Securities, Zheshang Securities, Minsheng Securities, Essence Securities, Tianfeng Securities, Kaiyuan Securities

Analysts (in no particular order)

Time: October 30, 2023 - December 7, 2023

Place/

Communication methods Offline strategy meetings and anti-roadshows (Shenzhen, Shanghai, Beijing, Guangzhou)

listed company

participants

Hainan Mining Vice President, Secretary of the Board of Directors He Jing

Hainan Mining Investor Relations Senior Manager Yang Fengyuan

Investor concerns

Event leader

Main content introduction

Shao

Main questions and responses exchanged:

1. How much can the company's iron ore magnetization and roasting project increase the output and profit of iron concentrate?

The company's Shilu Iron Mine iron concentrate output in 2022 is 926,900 tons, and in the first three quarters of 2023

Production was 646,200 tonnes. Average grade is 62%-63%. After the magnetization roasting project was implemented and reached production,

The grade of iron concentrate will be increased to more than 65.0%, and the iron metal recovery rate will be increased from 60.0% to

85.0%, product quality and comprehensive resource utilization levels have been significantly improved.

The Shilu iron ore suspension magnetization roasting technology transformation project has made significant progress this year. one

The roasting furnace system in the bidding section has met the oven conditions, and the oven was officially launched on October 13. Follow-up

After the oven reaches the predetermined conditions, the project will enter the process of material input, debugging and trial production, and gradually realize

The connection with the existing mineral processing production line will lay the foundation for formal production in the first half of 2024.

Michael Liebreich’s “Cleaning Up” podcast:

https://open.spotify.com/show/0msi0HzVNM05S6rMO5bbpn?si=SMJlI0jKRfK9A4cvptVBhQ

Michael Liebreich (born 11 August 1963) is Chairman and CEO of Liebreich Associates, through which he provides advisory services and speaks on clean energy and transportation, smart infrastructure, technology, climate finance and sustainable development. In September 2020, he became an official adviser to the UK’s Board of Trade. He is also a senior contributor at Bloomberg New Energy Finance, a company he founded in 2004 that was acquired by Bloomberg L.P. in 2009. In July 2020, he launched his weekly podcast Cleaning Up. Guests are leaders in clean energy, mobility, climate finance or sustainable development, and have included Tony Blair and Ban Ki-moon.In March 2021, Michael became a Co-Founding and Managing Partner of EcoPragma Capital LLP. EcoPragma is a Growth Equity investor, investing in companies on the cusp of strong commercial growth and contributing to the net-zero transition. In November 2022, Michael was awarded an Honorary Fellowship from the Energy Institute for being one of the foremost thought leaders in renewable energy and sustainability, not just in the UK, but globally.

At last, something interesting 🤨…

You guys are hilarious!

You are funny @simple. You provide good entertainment value.

@asimpleinvestor

Again, what a bizarre reply, suggesting I build them a website!. Extraordinary.

You are of course quite welcome to your views of how a business presents itself, as I am mine.

And just to add further balance to the conversations on how quickly the company responds to email enquiries, as of now I am still waiting for a reply to yet another email to the company.

@middleagedbloke

What a bizarre reply to mention “a choice to be negative day in day out’.

I raise one issue which, if addressed, could actually have a very positive impact on the company. And correcting factually incorrect posts is quite frankly more than appropriate given the amount of disinformation that floods these boards and social media, so no need to be so sensitive about it.

It does become concerning if several investors have raised the issue of a less than adequate website only for the company to feel quite comfortable presenting themselves to the world in such a way.

@middleagedbloke

Factually incorrect.

Yes, anyone can email, but I have not received a response to an email sent some time ago.

For a few hundred pounds and likely one day’s work for a web developer they could have a much better “shop window” for the company.

@poppyseed

Exactly, thats why I asked the question.

Somehow this feels as if that "transformational" moment for the company is imminent over the next few weeks IF it is going to happen at all. I've waited long enough, invested a signficant amount of my high-risk portlfolio, and averaged down. Let's hope that at last news comes through that makes all this patience and pain worthwhile.

@middleagedbloke

And how do you know this?

Or is it guess work?

Links to evidence?

Https://clontarfenergy.com/

I think this is a very poor website. Last properly updated in May 2022, apart from looks like a basic news stream update on the right.

There’s no real info on deal with NextChem-X (apart from RNSes).

It doesn’t take much (time and money) to do a basic revamp. It would be good to see a more informative, well presented website.

Https://investingstrategy.co.uk/financial-news/could-the-west-face-copper-shortages-in-2023/

Https://www.thearmchairtrader.com/great-western-mining-slowly-moving-forwards-on-refinery/

Good fun seeing all this worthless posturing on share price!

So to add another element into today’s amusement, SP has just bounced from the 61.8% retrace from the recent move off low of around 0.42p to the high of approx 0.76p. If it continues will it be an explosive move north (once the MMs have finished playing their games, if that’s what you believe is happening?)

I think the clue is in wording:

“ underlining an opportunity which may become increasingly attractive for a larger joint venture partner.”

Perhaps no need for placing if a JV Partner is found, which it appears is the aim of the company.

A specifically worded RNS. Their aims are clear.

For me this looks like a classic case of the market orchestrating for weak holders to sell, to transfer shares into the hands of those who will really benefit from Kodal.

Ask yourself where you think the share price will be in 12 months or 24 months? Under a penny? Really?

Based on the released RNSs and the potential for further positive news in the short to mid term , That looks like a strong hold for the real gains that will likely happen sometime down the road.