In 2015, SRK was commissioned by Goldstone Investment Co. Ltd. to review a copper project in Shangri-la, Yunnan province, China as a potential investment. The Hongniu (Red Bull) copper project was under construction at the time. Once commissioned, underground mining methods will be used to supply 4,000 t/day of feed to a processing plant in order to produce copper concentrates bearing silver. SRK reported its Mineral Resources according to JORC code, converted Ore Reserves, and carried out economic analysis. SRK’s report supported Goldstone’s subsequent acquisition of the project.
