Hainan Mining's lithium mine reserve increase is publicly questioned by its joint venture partner; the company responds: there is no such issue, and communication is ongoing.

Golden Ten Data reported on April 15 that in its 2025 annual report and performance meeting, Hainan Mining disclosed a significant increase of 15.47 million tons in the lithium resource volume at the Bougouni project in Mali, stating that it meets JORC standards. However, another project shareholder, Kodal Minerals, refuted this, claiming the data is only an internal estimate without independent auditing or compliance verification. Hainan Mining responded that the disclosed data on spodumene resource volume and reserves in its annual report were updated by Bougouni project's company LMLB management based on the resource evaluation conducted during the reporting period, and that the calculation followed JORC standards with no issues of incomplete internal review. “We have noticed the announcement released by Kodal Minerals and have already communicated with them. In the future, both listed companies will strive to synchronize information disclosure as much as possible.”