January 26, 2024 Chungju Daehwa Mine – Project Progress Update
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We have successfully secured the lease approval for the 15,649㎡ site designated for the processing plant and waste-rock stockpile. Following a thorough technical evaluation, the Company has decided to transition from a conventional wet beneficiation method to a dry beneficiation process.
Wet flotation processes require significant water usage and cause substantial molybdenum loss during separation, typically resulting in a final Mo grade of only 50–60%. In comparison, dry beneficiation can achieve molybdenum grades approaching nearly 100%.
This transition is expected to generate approximately twice the economic value of the wet process. Despite higher capital requirements, the Company has chosen dry beneficiation to strengthen competitiveness and enhance product value. A pilot-scale system will be installed prior to full-scale deployment to validate performance and ensure optimal facility design.

