December 21, 2023 Chungju Daehwa Mine – Project Progress Update
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We collected raw ore samples from multiple locations within the mine and conducted randomized testing. After multiple crushing and grinding processes, XRF analysis detected:
- Molybdenum (Mo): 7.69% - Iron (Fe): 44.06%Considering that iron separation is relatively simple and when applying XRF analysis factoring Fe reduction, the pre-beneficiation molybdenum content is estimated at approximately 30%. Even accounting for sampling margins and XRF measurement error, this confirms that the Daehwa Mine possesses exceptionally high-grade ore.
