The Zhunuo Copper Project is home to one of the few ultra-large, undeveloped porphyry copper deposits in China. Its orebody is shallow, thick in the middle and thinner around the edges, and remains open, indicating strong potential for further resource growth through exploration in surrounding areas.

Designed for open-pit mining, the project has commenced construction in compliance with applicable laws and regulations, with commissioning scheduled for 2026. Upon reaching nameplate capacity, it will mine and process 18 million tonnes per annum, producing 76,000 tonnes of copper annually.

In 2023, Tibet Zijin Industry Co., Ltd., a wholly-owned subsidiary of Zijin Mining, and Tibet Zilong Mining Co., Ltd., part-owned by Zijin Mining, carried out an equity restructuring of Tibet Zhonghui Industrial Co., Ltd., with participation from Tibet Geological & Mineral Group Co., Ltd., Tibet Zangge Venture Capital Group Co., Ltd., and Tibet Xizi Energy Mining Co., Ltd. The restructured entity was subsequently renamed Tibet Xianglong Mining Co., Ltd. In 2024, Tibet Zangge Venture Capital Group Co., Ltd. transferred a 5% interest in Xianglong Mining to Tibet Zijin Industry Co., Ltd., increasing Zijin Mining’s effective indirect interest in the project to 53.591%.