Wan Guo Gold (03939.HK) announced that its subsidiary holds an actual interest of 88.2% in the Jinling Mine, with the total mineral resource amount increasing from 72 million tons at the end of December last year, a growth of 172.2%, to 0.196 billion tons by the end of July this year, including a gold content increase from 3.3 million ounces, a growth of 121.2%, to 7.3 million ounces.
Additionally, the reserves of Jinling Mine increased by 7% from 28.7 tons at the end of 2023 to 30.7 tons by the end of July this year, while the gold reserves increased by 8.3% from 1.2 million ounces to 1.3 million ounces during the same period.
The company stated that since the pit design remains unchanged, the current reserves only reflect additional drilling and variations in boundary gold grades since 2018, and the pit design and production plans have not been updated.