China Natural Resources, Inc. announced that it has secured an extension of its exploration permit for the Moruogu Tong mine in Inner Mongolia. Apart from lead and silver, there is the prospect that further surveying and exploration may indicate the presence of other ores such as copper, which the Company believes could lead to a revaluation of its exploration rights. Given the increased scarcity of valuable minerals, the Company plans to increase its capital expenditures to fund exploration and pre-mining programs in 2022.
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- China Natural Resources, Inc. Secures an Extension of its Exploration Permit for the Moruogu Tong Mine in Inner Mongolia