In October 2017, our company established a joint venture with the Russian company “Oriental Minerals Mining Co., Ltd.” and acquired the Lithovk Mine in the Khabarovsk Krai, located 230 km north of Khabarovsk. 28 kilometers away from the railway line, the entire valley contains ilmenite deposits, the highest content of the area is between the estuary of the mining area, the content of titanium and iron in the channel alluvium is 4.2-90kg/m3. According to the test results of alluvial sediments, the content of titanium is 35%-40%, and it also contains a small amount of placer gold, which is about 0.5g/m3. The deposit has a total titanium reserve of 32 million tons and an annual production of 1.5 million tons.