China Natural Resources

Operates through the exploration-stage Moruogu Tong lead-and-silver property in Inner Mongolia. The BVI holding-company structure directs all current operations through Bayannaoer Mining, while corporate functions are divided among Hong Kong, Shenzhen, and Bayannaoer City. Northern-area work has identified lead and associated silver, with copper remaining a possible result of further work; the southern area has no recent exploration activity.

Progressing the property depends on a partner that funds and directs northern-area fieldwork and supplies third-party drilling equipment. The exploration permit allows exploration rather than extraction, so mine construction requires a prospecting report, final appraisal, and mining rights. No operating mine, processing line, finished product, customer contract, or operating revenue currently exists.