Shareholder Profile

TIANJIN C2 INTELLIGENT
DRILLING CO., LTD. (C2 DRILLING)

Headquartered in Tianjin, China, Tianjin C2 Intelligent Drilling Co., Ltd. (referred to as C2 Drilling) is a comprehensive drilling service company specializing in geological drilling, water-well construction, and engineering investigation. Its core services include surface-diamond-core drilling underground drilling, reverse circulation (RC) drilling, water-well drilling, geological and geotechnical investigations, foundation engineering, and related extended services. The company is committed to providing professionals, efficient, and integrated solutions to its clients.

CUMULATIVE DRILLING LENGTH

580 km

TALENT RESERVE

280 +

HIGH END EQUIPMENT

50 +

C2 Drilling currently operates over 60 full-hydraulic drilling rigs and 10 RC rigs, supported by a full suite of auxiliary equipment including deviation survey tools, heavy lifting machinery, and transport vehicles. The technical team consists of more than 300 engineering personnel, including senior engineers, technicians, and project managers, all with substantial international project experience.

Since 2013, C2 Drilling has steadily expanded its international presence, establishing subsidiaries or branch offices in countries such as Erfzes, Sudan, Colombia, Tanzania, Angola, Rwanda, Saudi Arabia, Suriname, and Zimbabwe. It has built a global service network across Africa, South America, and the Middle East, with cumulative drilling footage exceeding 360,000 meters. With outstanding project execution capability and operational efficiency, C2 Drilling has earned broad recognition in the international market and serves as a key shareholder and technical partner of AL-SOR CHABKI For MINING.

Zhejiang Lygend Investment Co., Ltd. (referred to as “Lygend investment”) is an international mining enterprise specializing in the full industrial chain development of non-ferrous and new energy metal resources. Founded in 2009, its business covers the exploration, development, smelting, processing, and bulk trading of key metals, including nickel, cobalt, copper, gold, vanadium, and lithium.

Lygend investment has advanced a number of large-scale mining and smelting projects—either independently or through joint ventures—in countries such as Indonesia, the Philippines, and Zimbabwe. The company has established a vertically integrated supply chain covering Nordic nickel ore procurement RAFE (Group) KMn-Electric Eurosolar nickel–iron smelting, HPAI (High Pressure Acid Leaching), production of nickel-cobalt hydroxide intermediates, battery-grade material processing, and equipment manufacturing.

One of its flagship projects is the Obi Island Project in Indonesia—among the world’s largest integrated HPAL and RKEF operations—with a total investment exceeding USD 5 billion and an annual output of approximately 400,000 tonnes of nickel-cobalt intermediate products, accounting for over 12% of global supply. Lygenti manages equipment selection, EPC construction, and overall project coordination in-house, demonstrating its robust capabilities in global resource development, engineering, and supply chain integration.

Driven by a strategic focus on industrialization, internationalization, and low-carbon development, Lygenti Investment has expanded from its home base in China into Southeast Asia, Africa, Europe, and Oceania, establishing a truly global industrial footprint. By continuously integrating upstream resources with downstream manufacturing, the company is committed to building a green, efficient, and sustainable supply system. For new energy metals, Lygenti Investment is a prominent practitioner of China’s “Going Global” strategy and the Belt and Road Initiative in the field of energy-transition mining.

Currently, through its wholly owned subsidiary Matrix Resources (Zhejiang) Limited and Emergent Mining Development Limited, Lygenti Investment holds a 40% supply stake in AL-SOR CHARKI FOR MINING, and provides comprehensive support in capital investment, corporate management, operations, and international business development.