Longbai Group announced that in order to guarantee the stable supply of titanium concentrate raw materials, the company signed an investment cooperation agreement with the participating company Image Resources NL on September 22, 2026. It plans to obtain about 80% of the interests in the Durack and Yandanooka ore projects through capital investment in cash and machinery and equipment. The company's total cash and asset investment is approximately 160 million Australian dollars, and the transaction still needs to complete due diligence, evaluation, sign a final transaction agreement and obtain relevant approval.

Longbai Group announced that in order to guarantee the stable supply of titanium concentrate raw materials, the company signed an investment cooperation agreement with the participating company Image Resources NL on September 22, 2026. It plans to obtain about 80% of the interests in the Durack and Yandanooka ore projects through capital investment in cash and machinery and equipment. The company's total cash and asset investment is approximately 160 million Australian dollars, and the transaction still needs to complete due diligence, evaluation, sign a final transaction agreement and obtain relevant approval.