Lygend Resources & Technology Co., Ltd. announced that eight ferronickel production lines under phase I of the RKEF project has commenced production successfully by the end of May 2023. The RKEF project has a total of 20 ferronickel production lines planned, with an aggregate designed production capacity of 280,000 metal tons of ferronickel per annum. Among them, eight ferronickel production lines Under phase I of the RKE F project have an aggregate designed production capacity of 95,000 metal tons of per annum.

The other 12 ferronickel production lines under Phase II of the RKEF project have an aggregate designed production capability of 185,000 metal tons of fer electronickel per annum. The successful commencement of production of the eight ferronickel production lines in phase I of the RKEf project marks the first time that the Company has achieved overseas production capacity for pyrometallurgy, which is a milestone for the Company. It further expands the scale of the Company's pyrometallurgy production, accelerates the development of the pyrometallurgical business, enriches the Company's overall business layout, enhances the Company's comprehensive competitiveness in the market, and have a positive impact on the Company's future development.

Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.