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The Group's vanadium-bearing titano-magnetite mines, ordinary iron ore mine and gypsum mine are located in Sichuan province - the region with the richest reserve of vanadium-bearing titano-magnetite in the PRC

Baicao Mine
A vanadium-bearing titano-magnetite mine located in Huili County, Sichuan province and operated by Huili Caitong, with a mining area of 1.88 sq.km.

Xiushuihe Mine
A vanadium-bearing titano-magnetite mine located in Huili County, Sichuan province and operated by Xiushuihe Mining, with a mining area of 0.52 sq.km.

Yangqueqing Mine
A vanadium-bearing titano-magnetite mine located in Huili County, Sichuan province and operated by Huili Caitong with a mining area of 0.25 sq.km.

Cizhuqing Mine
A vanadium-bearing titano-magnetite mine located in Huili County, Sichuan province and operated by Huili Caitong, with a mining area of 1.279 sq.km.

Haibaodang Mine
A vanadium-bearing titano-magnetite mine located in Renhe District, Panzhihua City, Sichuan province, with an exploration area of 26.2 sq.km.

Maoling-Yanglongshan Mine
An exploration region with a total area of 11.62 sq.km. covered under the exploration permit of the Maoling-Yanglongshan Mine (the mining area covered is owned by the Maoling Mine), formed from the combination of the Maoling Extended Exploration Area and the Yanglongshan Mine since September 2012 and operated by Aba Minin.

Shigou Gypsum Mine
A gypsum mine located at Hanyuan County, Ya’an City, Sichuan province, with a mining area of 0.1228 sq.km.