March 23, 2026 — Beijing. China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. (NFC) announced that its subsidiary, Qinghai NFC Mining Development Co., Ltd., has officially obtained the Transaction Confirmation Notice for the exploration rights of the Harizha Polymetallic Project in Dulan County, Qinghai Province, marking?a significant breakthrough in our resource expansion?efforts.?

The project covers an exploration area of 12.62 square kilometers, with indicated and inferred mineral resources estimated at approximately 45.41?million tonnes, containing around 446,000 tonnes of metal. The deposit is primarily composed of lead, zinc, silver, and copper. The successful acquisition will further strengthen NFC’s nonferrous metal resource base, enhance resource continuity, and provide strong support for the company’s expansion into high-altitude resource development and the advancement of its Qinghai resource hub.

Since the project’s initiation, Qinghai NFC has closely followed the CNMC’s ?strategic initiative to expand reserves and increase production, systematically advancing key processes including mineral rights valuation, resource due diligence, and development planning. These efforts ensured the project’s compliant and efficient execution, demonstrating NFC’s strong capabilities in resource acquisition and project management.

Looking ahead, NFC will continue to implement its green development strategy and actively fulfill its social responsibilities by accelerating following work, including the transfer of mining rights, survey design, and construction preparation. The company remains committed to contributing to the CNMC’s?resource expansion targets and safeguarding national resource security.