Kumyang Co., Ltd.

Kumyang Co., Ltd. Location of the Busan Headquarters: 81, Nakdong-daero 960beon-gil, Sasang-gu, Busan (Gamjeon-dong) CEO: Kwang-Ji Ryu Phone: +82.51.316.5881 Fax: +82.51.325.5887

Seoul Office: #713-ho, Changgang Bldg., 86, Mapo-daero, Mapo-gu, Seoul Phone: +82.2.3454.1717 Fax: +82.2.701.9565

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Mineral Resources Development

DEVELOPMENT

Mineral Resources Development

Forming an independent value chain through lithium mine development

Kumyang's autonomous value chain begins at its overseas mine and plays a pivotal role in securing lithium, a crucial material for batteries

Resource development

Battery materials

Secondary batteries

Mine exploration and development business

Monlaa Project in Mongolia

Monlaa Project in Mongolia
Phase 1	Securing a 60% stake with a total investment of $60 million
Phase 2	Demolition of existing old production facilities and factory renovation
Phase 3	Installation and commissioning of tungsten separation facilities Conversion of lithium exploration rights to development rights
Phase 4	Achieving materialized sales of tungsten in 2024
Phase 5	Expansion of mining facilities and acceleration of vertical integration with lithium sales

Lukoshi Project in Democratic Republic of Congo

Lukoshi Project in Democratic Republic of Congo
Phase 1	Conclusion of investment contract and securing 50% stake (expected to eventually be 60%)
Phase 2	Basic exploration (January 2023 ~ June 2023)
Phase 3	Drilling exploration (July 2023 ~ )
Phase 4	Preparation of feasibility study
Phase 5	Commercial operation of lithium mining and separation facilities