Timok copper-gold mine
Timok copper-gold mine is a giant deposit with high copper grade, which is made of upper zone and lower zone. By the end of year 2019, the upper zone possesses 1.05 million tonnes of copper metal grading 3.7g/t in average and 68 tonnes of gold metal grading 2.4g/t in average.The upper section of the upper zone of the Timok copper-gold mine contains a super high-grade mine body, the distribution of which is relatively concentrated. Underground development is taking place in upper zone, which is designed to process 3.3 million tonnes of ores annually once completed. The construction period is 2.5 years and the service life is 13 years. It is planned to start initial production in June 2021 with annual production of 79.6 thousand tonnes of copper metal and 2 tones of gold metal. The inferred ore resources volume of the Lower Zone of the Timok copper-gold mine was 14.30 million tonnes of copper metal grading 0.86% in average and approximately 299 tonnes of gold metal grading 0.18g/t in average. The development of the Lower Zone of the Timok copper-gold mine has not commenced yet. The definitive feasibility Study of the lower zone is still on-going.
Zijing mining owns 100% interest of Timok copper-gold mine and more than 20 exploration licenses in Serbia and Balkans.