Recently, the first phase of the crushing production line of the Goulamina spodumene project under Ganfeng Lithium has been completed and started, and the flotation production line construction is in the final stage. It is expected to produce the first batch of spodumene concentrate products within this year.

The Goulamina project is one of the important lithium mineral resources that Ganfeng Lithium has deployed in Africa, and is of great significance to improving Ganfeng's lithium resource self-sufficiency rate worldwide. The planned production capacity of the first phase of the project is 506,000 tons of lithium concentrate, and the second phase of the project can be expanded to 1 million tons of lithium concentrate. With the gradual release of production capacity, Ganfeng's resource advantages will be further transformed into cost advantages, continuously improving Ganfeng's core competitiveness in the global market.

The project is located in the southern part of Mali, Africa, and is one of the largest lithium mines in Africa. The mining area covers an area of ​​about 100 square kilometers. The total amount of ore resources explored so far is about 267.2 million tons, corresponding to a total lithium resource of about 7.14 million tons of LCE, with an average lithium oxide grade of 1.38%. In May this year, we further increased our stake in the Goulamina project in Mali. With the in-depth development and operation of the project, it is expected to become an important part of the global supply of high-quality lithium ore resources.

In addition to cost advantages, the project will also be built into a safe, environmentally friendly and efficient overseas benchmark mine, continuously practicing the concept of sustainable development and strictly following ESG-related guidelines.

Developing together with the communities where the projects are located is an important principle of Ganfeng's overseas project construction and operation. As early as the early stage of the Goulamina project, Ganfeng has actively paid attention to and participated in the development of the local community in Mali, actively creating and maintaining good community relations, and helping the local community develop and expand local businesses to expand income sources. The continued development of the Goulamina project is expected to bring more than 1,500 direct and indirect jobs to the local area.

In addition, Ganfeng has also made positive contributions in the fields of medical care, road traffic, education and teaching, traditional customs, etc. We helped the community build water conservancy projects and provided safe, clean and reliable drinking water to four nearby villages; with the support of the local health bureau, we donated 5,000 mosquito nets to the community to prevent and reduce the occurrence of malaria; we upgraded local roads and continued to strengthen the construction of roads and related infrastructure as part of Ganfeng's commitment to the sustainable development of nearby communities; we also donated school supplies to local school-age children and promised to donate to school teachers for a long time as an initiative of Ganfeng to support local education development... Ganfeng's project construction and development always adheres to integrating into the local area to achieve win-win cooperation.