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Africa, a global hub of gold resource enrichment, is the core layout area for Xinhai Mining’s global mining business. With in-depth insight into African gold mining resource characteristics, a profound understanding of local policies and market demands, Xinhai has built two high-quality gold projects with different operation modes in Guinea and Zimbabwe. As typical models of Xinhai’s "Resource + Service" dual-drive strategy in Africa, these two projects fully demonstrate Xinhai’s professional strength and localized service capabilities, becoming a reliable partner for African gold mining enterprises.

| Project Indicator | Guinea 3000t/d Gold CIP Plant | Zimbabwe Ruid 500t/d Gold Mining & Beneficiation EPC Project |
|---|---|---|
| Project Type | Operation Service Project | Self-invested & Full-chain Operation Project |
| 2025 Core Achievements | Processed 850,000 tonnes of ore; produced 35.8 kg of gold | Completed CIP plant civil engineering; 20.1 kg of gold from heap leaching, profit sharing; 180m ramp driving for underground mining |
| On-site Team Allocation | ~10 Xinhai technicians (mechanical maintenance); local operators from Party A | Xinhai's own construction team; professional technical & management team for full-chain operation |
| Business Coverage | Gold ore processing & plant operation maintenance | Whole chain: civil engineering, equipment installation, open-pit/underground mining, beneficiation, tailings treatment, photovoltaic power generation |
| Project Progress Schedule | Stable operation until August 2026 | Tailings pond to be completed in April 2026; underground mining to start in June-July 2026; beneficiation plant with 10-year service life |
| Cooperation Mode | Technical service output & localized operation cooperation | Self-investment + full EPC general contracting + independent operation |
As a classic operation service project of Xinhai in West Africa, the Guinea 3000t/d gold CIP plant project with Wilidac Mining has achieved remarkable operational results in 2025, fully verifying Xinhai’s professional technical service capability in African gold mine operation. The project adheres to the principle of "technical output + localized employment", and has realized the efficient and stable operation of the gold CIP plant with lean personnel allocation and targeted technical solutions.

High-efficiency technical service output: Only ~10 professional technicians are responsible for the whole plant's mechanical maintenance, supporting 3000t/d ore processing capacity, reflecting ultra-high per capita technical service efficiency.
Outstanding localized operation capability: Realize the localization of on-site operators, conform to Guinea's local employment policies, and reduce overseas human resource costs while cultivating local mining talents.
Stable production and delivery capacity: 2025 ore processing volume reached 850,000 tonnes and gold output 35.8 kg, stably meeting the owner's production expectations and winning full recognition.
Customized technical solutions: Develop targeted operation and maintenance plans based on the geological characteristics of West African gold ore and the actual operation needs of the plant, ensuring continuous and stable operation of the production line.
Proficient in local industry policies: In-depth understanding of Guinea's mining policies and market environment, effectively avoiding geopolitical risks and ensuring smooth project operation.

As an important self-invested project of Xinhai in Southern Africa, the Zimbabwe Ruid 500t/d gold mining and beneficiation EPC project is a vivid practice of Xinhai’s whole industry chain service capability in the African mining field. The project covers the entire process of gold mine construction and operation, and builds a complete industrial chain from mining to beneficiation, realizing the organic integration of resource development and service output, and becoming a model of Xinhai’s "Resource + Service" dual-drive strategy in Africa.

Integrated whole industry chain service capability: Cover civil engineering, equipment installation, open-pit/underground mining, beneficiation, tailings treatment, and other links, providing one-stop mining solutions.
Controllable construction quality and progress: All civil construction is undertaken by Xinhai's own construction team, without entrusting external units, realizing full control of quality, progress, and cost.
Flexible mining mode: Simultaneously operate open-pit heap leaching (for oxidized ore) and underground mining (for primary ore), maximizing gold resource utilization efficiency.
Short-term income + long-term development: 20.1 kg of gold from heap leaching in 2025 realizes early cash flow; the beneficiation plant with a 10-year service life provides a stable and long-term profit guarantee.
Green and low-carbon mining practice: Equipped with a photovoltaic power generation project, conforming to Zimbabwe's green and sustainable mining development trend, and reducing project energy consumption costs.
High alignment with local policies: In line with Zimbabwe's mining industrialization development direction, driving local employment and economic development while realizing resource development.

Although the Guinea and Zimbabwe projects adopt different operation modes, they all fully reflect Xinhai’s core competitive advantages in serving the African gold mining market. These advantages are the fundamental guarantee for Xinhai to realize the high-quality operation of various mining projects in Africa, and also the core value that Xinhai can bring to African mining customers.
Profound understanding of the African mining market: In-depth insight into the resource characteristics, industrial policies, and market demands of different African regions, effectively reducing geopolitical and operational risks.
Complete whole industry chain service capability: Covering mine exploration, test design, EPC general contracting, production operation, technical transformation, and other links, providing one-stop mining solutions.
Strong professional talent team: With technical personnel having more than 30 years of on-site project experience, the overseas team has excellent cross-cultural communication ability to respond to various on-site challenges.
Excellent cost and safety control: Advanced technology improves resource recovery rate and production efficiency; LTIFR is lower than the industry standard, ensuring stable and safe project operation.
Reliable delivery capacity: Rely on test data to flexibly adjust process parameters, with on-site and headquarters technical support, ensuring the project meets the design production standards on schedule.
Localized operation and service system: Adapt to the local employment, policy, and cultural characteristics of African countries, and realize the integration of international technology and localized service.

Africa's gold mining industry is facing a new development opportunity, and the demand for professional, standardized, and high-efficiency mining technical services and project operation capabilities is increasing day by day. Xinhai Mining takes the Guinea and Zimbabwe gold projects as the starting point, and will continue to deepen its layout in the African mining market.
With mature mining technology, a complete service system, and a localized operation mode, Xinhai is willing to join hands with African gold mining enterprises to jointly explore the potential of African gold resources, realize the high-value development of mining projects, and make unremitting efforts for the sustainable development of Africa's mining industry!