According to CoinMeta, Chifeng Gold announced that in late June 2026, the exploration team of its controlling subsidiary, Wanxiang Mining, completed the second phase of drilling work for the SND gold-copper mine project. On July 30, 2026, snowden and optiro issued an updated mineral resource estimation report that complies with JORC standards. This report replaces the initial mineral resource volume estimation report, and compared to the initial estimate, the gold equivalent metal volume has increased from 107 tons to 260 tons, representing a growth of about 143%.