GobiMin Inc., together with its subsidiaries, is engaged in the exploration, development and exploitation of mineral properties, mainly in Xinjiang, China.
It holds an equity interest of 70% of Sawayaerdun Gold Project and an indirect interest of 24.49% in the Balikun Coal Project. The two projects are both located in Xinjiang. GobiMin intends to conduct an NI 43-101 mineral resource estimate for the Sawayaerdun Project. The Balikun Coal Project hosts 38 million tonnes of coal in Measured Resources and 50 million tonnes in Indicated Resources (NI 43-101 Mineral Resource estimate).
GobiMin owns an equity interest of 49% in China Precision Material Limited which mainly engaged in metal trading, predominately silver and owns 4 base metals exploration projects, including nickel, copper, lead and zinc projects, in Xinjiang of China..
GobiMin is now in a strong financial position to develop its existing and potential projects.
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