Chifeng Gold (06693): Laos Vientiane Mining Saipan Gold and Copper Mine SND Project Updates Estimated Mineral Resources

According to the Zhitong Finance App, Chifeng Gold (06693) issued an announcement. The latest mineral resource estimates for the SND project were prepared and disclosed according to the “JORC Specification”. The total metal content of the resources was controlled and estimated to be 260 tons of gold equivalent, an increase of about 143% over the amount of mineral resources first announced on August 7, 2025.

Based on the 0.40 g/ton gold equivalent marginal grade report, the SND project includes: (1) control resource ore volume of 170 million tons, gold grade 0.55 g/ton, copper grade 0.26%, copper equivalent grade 0.83 g/ton, 96 tons of gold metal, 450,000 tons of copper metal, 140 tons of equivalent alloy metal; and (2) inferred resource ore volume of 190 million, gold grade 0.39 g/ton, copper grade 0.19%, metal equivalent of 0.59 grams per ton of gold 76 tons, 360,000 tons of copper, and about 110 tons of equivalent metal .

This mineral resource estimation update has greatly increased the overall resource scale of the SND project and further enhanced the project development prospects, confirming that it is one of the most important gold and copper discoveries in Southeast Asia in recent years.

The mineralization of the SND project is still unsealed in the southwest direction and depths, and there is still significant potential for growth in the scale of mineral resources. Other surrounding areas within the prospecting rights also have good prospects for discovering porphyrous, hydrothermal and silica gold and copper deposits associated with intrusive rocks.

Ongoing metallurgical testing work is expected to optimize the metallurgical selection process to achieve higher overall recovery rates and/or lower metallurgical selection costs.

The company plans to hire leading international design and consulting agencies to launch pre-feasibility studies and advance project development plans as soon as possible.