GobiMin Inc., together with its subsidiaries, is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region ("Xinjiang") of the People's Republic of China ("China").
GobiMin holds an equity interest of 70% in a company incorporated in China to explore, develop and operate the Sawayaerdun Gold Project located in Xinjiang.
GobiMin also holds an equity interest of 48.02% in China Precision Material Limited ("China Precision"), which is principally engaged in metal trading, predominately silver, and operates a small processing workshop.
In addition, GobiMin owns 40-50% equity interests in five companies incorporated in China to engage in base metals and precious metal exploration, including nickel, copper and gold, in Xinjiang, and an 8% equity interest in the Yanxi Copper Property.
GobiMin is and will be in a solid financial position to develop its existing and potential projects.
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