Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 57

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 57
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, respectively,
in any newly discovered resources from drilling work beyond the first 10 drilling holes in the cooperative exploration project. As of
the date of this prospectus, 21 holes have been drilled using funding provided by Jijincheng Mining pursuant to the Cooperation Agreement.
Other details of the Cooperation Agreement, including allocations and distributions upon completion of exploration work, remain to be
negotiated between the parties. There is no assurance that the details of the arrangement that remain to be negotiated will be resolved
in a manner satisfactory to the Company. Moreover, because the Cooperation Agreement provides us with a minority interest in the resources
discovered as part of the cooperative exploration project, we will not be able to enjoy the full economic benefits of the resources we
discover in the northern part of Moruogu Tong Mine for the duration of the Cooperation Agreement.

Any estimates of the reserves contained in the Moruogu Tong Mine may be inaccurate.

The Moruogu Tong Mine is the subject
of a geological survey prepared in conformity with procedures and protocols recognized in the PRC. These procedures and protocols are
different from those generally recognized in the United States. In addition, reserve estimation is an interpretive process based upon
available data and various assumptions that are believed to be reasonable, and the economic value of ore reserves may be adversely affected
by price fluctuations in the metals markets, reduced recovery rates or a rise in production costs as a result of inflation or other technical
problems arising in the course of extraction. If the assumptions upon which we conduct the reserve study prove to be inaccurate, we may
reach incorrect conclusions as to the nature and extent of resources present at the Moruogu Tong Mine, and we may not be able to generate
revenues from the Moruogu Tong Mine in an amount that would lead to such activities being profitable or at all.

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There are no assurances that we can produce minerals on a commercially viable basis.

The Company’s ability to generate
revenue and profit from the Moruogu Tong Mine is expected to occur, if at all, through the exploration, evaluation, development and operation
of that property. The economic feasibility of a project depends on numerous factors, including the cost of mining and production facilities
required to extract the desired minerals, the total mineral deposits that can be mined at a given facility, the proximity of the mineral
deposits to refining facilities, and the market price of the minerals at the time of sale. There is no assurance that our current