• 2023年11月延期支付款項將延期至2023年11月延期支付協議延期支付日期支付。 • 作為延期支付與可換股債券所產生付款責任相關的2023年11月延期支付款項的代價，本 公司同意就有關2023年11月延期支付款項的未支付結餘向JDZF支付按年利率6.4%計算 的延期支付費用，自根據可換股債券各筆2023年11月延期支付款項另行到期應付之日起 計。 • 作為延期支付與經修訂及重列合作協議所產生付款責任相關的2023年11月延期支付款 項的代價，本公司同意就有關2023年11月延期支付款項的未支付結餘向JDZF支付按年 利率1.5%計算的延期支付費用，自根據經修訂及重列合作協議各筆2023年11月延期支 付款項另行到期應付之日起計。 - 23 - • 2023年11月延期支付協議並無載明關於2023年11月延期支付款項或相關延期支付費用 的固定還款時間表。取而代之的是，2023年11月延期支付協議要求本公司盡最大努力向 JDZF支付2023年11月延期支付協議項下到期應付的2023年11月延期支付款項及相關延 期支付費用。自2023年11月延期支付協議的生效日期起至2023年11月延期支付協議延期 支付日期 ...

智通财经APP获悉，2月22日早盘，煤炭板块持续走强，截至发稿，南戈壁(01878)涨超9%，兖煤澳大利 亚(03668)涨超3%，中煤能源(01898)、中国神华(01088)涨超2%。据中央气象台预测，受寒潮影响，2月 20-26日，我国中东部将出现持续大范围雨雪冰冻天气，此次天气过程低温持续时间长，强降雪、冻雨 影响面广。加之此前，山西省应急管理厅、国家矿山安监局山西局、山西省能源局印发《关于开展煤 矿“三超”和隐蔽工作面专项整治的通知》。光大证券认为，该事件短期将影响山西地区煤炭的供给，尤 其是焦煤的供给，对焦煤价格构成利好。 根据中央气象台预测，2月20日至26日，我国中东部地区将出现寒潮及大范围雨雪低温冰冻天气。此次 过程与节前雨雪冰冻过程相比，冻雨整体强度和持续性不及上次，但两次过程雨雪范围和强度基本相 当，此次降温幅度更大，低温持续时间更长，冻雨影响范围更广，南方降雨更强。 日前，山西省应急管理厅等三部门印发《关于开展煤矿“三超”和隐蔽工作面专项整治的通知》，山西部 分集团煤矿开始下发减产要求。整治重点内容包括，煤矿是否均衡组织生产，是否超能力下达全年、每 月原煤生产计划任务，全年原煤产量是否 ...

越野车在乌拉特草原上疾驶，四望全是天际线，仿佛进入一个巨大的穹庐。 春节期间，内蒙古临河通往中蒙边境的242国道上，车辆并不多。出发两小时后，一辆辆运煤大车呼啸而过，一处处物流园区分布路旁，一阵阵鞭炮声远远传来——甘其毛都口岸到了。 百年传承的老树 站在甘其毛都口岸地标性建筑62.75米高的钟楼上，边陲小镇尽收眼底。钟楼里面，就是这里的城市规划馆。展陈资料显示，蒙语甘其毛都，汉译就是“一棵树”。 这是一棵“老树”。用甘其毛都镇图古日格嘎查62岁护边员额尔登的话讲，甘其毛都作为物资交流之地的年头比他岁数都长。 百余年前，甘其毛都就是蒙汉商贸交流之地。那时，商贸交流主要靠驼队。每年春天，驼铃声声，一些大的旅蒙商前来河套牧羊海地区采购，形成了张家口—呼和浩特—包头—川井哈拉汗—甘其毛都—乌兰巴托的万里驼道。随着改革开放的春风吹进乌拉特草原，1989年12月，内蒙古自治区人民政府批准甘其毛都为中蒙边境贸易临时过货点。次年，在十分简陋的条件下，甘其毛都实现了首次过货。1992年，国务院正式批准甘其毛都为国家陆路一类季节性双边口岸。甘其毛都与蒙古国南戈壁省的嘎顺苏海图口岸相对应，是距离蒙古国首都乌兰巴托最近的陆路口岸。2 ...

詳情請參見隨附公告。隨附的公告內所載的資料可分別於SEDAR+網站www.sedarplus.ca的 本公司簡介及披露易網站www.hkexnews.hk查閱。 承董事會命 南戈壁資源有限公司 首席董事 孫茅 * 僅供識別 香港－南戈壁資源有限公司（香港聯合交易所（「香港聯交所」）：1878，多倫多證券交易所創 業板（「TSX-V」）：SGQ）（「本公司」或「南戈壁」）今日公佈其截至2023年9月30日止三個月 及九個月的財務及經營業績。除非另有說明，所有數據以美元（「美元」）計值。 本公司的平均煤炭售價由2022年第三季度的每噸65.4美元上升至2023年第三季度的每 噸85.6美元，乃由於中國市況改善、銷售網絡擴大及客戶基礎多樣化所致。 • 可換股債券－於2023年10月13日，本公司與JD Zhixing Fund L.P.（「JDZF」）訂立2023 年11月延期支付協議，據此，JDZF同意允許本公司延期支付：(i)可換股債券項下將於 2023年11月19日到期應付的實物利息（「實物利息」）約400萬美元（「2023年11月實物利 息」）；及(ii)根據於2019年4月23日簽署的經修訂及重列合作協議 ...

Stock Options and Bonus Shares - As of December 31, 2022, the total number of shares available for issuance under the stock option plan was 2,297 shares, representing approximately 0.00078% of the company's issued shares[3] - The total number of shares available for issuance under the bonus share plan was 1,800,000 shares, accounting for about 0.61% of the company's issued shares as of December 31, 2022[10]

Financial Performance - The company recorded an operating loss of $40.5 million in Q2 2023, compared to an operating profit of $2.7 million in Q2 2022[27]. - Revenue for Q2 2023 was $83.2 million, a significant increase from $5.8 million in Q2 2022, due to the normalization of coal exports and improved market conditions[74]. - The company reported a net loss of $60,632 thousand for the quarter, compared to a net profit of $7,855 thousand in the previous quarter, reflecting a substantial decline in profitability[132]. - The company reported a loss attributable to equity holders of $52.8 million for the first six months of 2023, compared to a loss of $17.8 million in 2022[170]. - The company’s net loss attributable to equity holders was $60,632,000 for the second quarter of 2023, compared to a loss of $7,053,000 in the same quarter of 2022[84]. Tax Penalties - The company has received a tax penalty notice of $75 million from the Mongolian tax authority, which has impacted its financial performance[27]. - The company recorded a tax provision of $75 million related to penalties from the Mongolian tax authority as of June 30, 2023[59]. - The company is actively exploring solutions regarding the tax penalty issue, including negotiations with the Mongolian tax authority[59]. - The company is subject to a tax penalty of approximately $75 million from the Mongolian tax authority following an audit of financial data from 2017 to 2020[168]. Sales and Production - The average selling price of the company's products has increased, contributing to higher sales volumes in the first half of 2023[27]. - The company reported coal sales of 0.88 million tons for the three months ended June 30, 2023, compared to 0.09 million tons in the same period of 2022, representing a significant increase[40]. - The average realized price per ton of coal sold increased to $95.34 in Q2 2023 from $66.55 in Q2 2022, reflecting improved market conditions[40]. - The company’s total coal sales for the first six months of 2023 reached 1.5 million tons, up from 0.1 million tons in the same period of 2022[42]. - The average selling price per ton for the first half of 2023 was $98.9, an increase from $66.6 in the first half of 2022, attributed to market improvements and expanded sales networks[42]. Operational Developments - The company resumed coal mining operations at the end of 2022, with coal production gradually increasing, and washing operations resumed in April 2023[13]. - The company is focusing on increasing the value of its products through coal washing and processing[4]. - The company is exploring market trends in the Chinese coal industry for future growth opportunities[4]. - The company aims to develop markets for its premium and standard semi-soft coking coal products, particularly targeting long-term supply agreements with end-users in China[122]. - The company has completed all document production and depositions related to a class action lawsuit, with a hearing scheduled for October 23, 2023[199]. Financial Obligations and Liquidity - The company expects to have sufficient liquidity and capital resources to meet its ongoing obligations, including the ability to pay the $75 million tax penalty or appeal[3]. - The company has entered into a deferral agreement with JDZF, allowing for the postponement of approximately $79 million in cash interest payments due in May 2023[14]. - The company is seeking shareholder approval for a repayment plan related to outstanding obligations totaling approximately $110.4 million[152]. - The company reported a working capital deficit that includes significant liabilities of $59.1 million, which includes $19.2 million in unpaid taxes[149]. - The company believes it can continue as a going concern until at least June 30, 2024, provided it generates sufficient operating cash flow[148]. Cost Management - The total cash cost per ton of sold products decreased from $56.32 in Q2 2022 to $47.76 in Q2 2023, driven by economies of scale from increased sales[41]. - The company's unit sales cost decreased from $67.5 per ton in the first half of 2022 to $49.3 per ton in the first half of 2023, driven by economies of scale from increased sales[68]. - The total cash cost for the three months ended June 30, 2023, was $31.139 million, with no idle mine asset cash costs included[135]. - The cash cost per ton of sold products for Q2 2023 was $35.39, compared to $34.30 in Q2 2022, reflecting a slight increase[136]. - The company has reduced assessment and exploration expenses in Q2 2023 to conserve financial resources[77]. Management and Governance - The company appointed a new non-executive director on May 17, 2023, following the removal of the previous CEO on May 15, 2023[36][37]. - The company has implemented a planning, budgeting, and forecasting process to determine the funding needed for ongoing operations and expansion plans[165]. - The company is closely monitoring factors affecting its liquidity, including coal market prices and economic growth in China[175]. - The company has agreed to pay deferred payment fees at a rate of 1.5% for unpaid balances related to the March 2023 deferred payment[186]. - The company must obtain approval from the Toronto Stock Exchange and disinterested shareholders for the March 2023 deferred payment agreement to take effect[184].

(ii) 每200,000工時及按照連續12個月的平均值計算。 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-------|------------------------|------------|-----------|-------|------------------------|------------|---------| | 銷量、售價和成本 \n優質半軟焦煤 | | 截至 6 月 30 \n2023 年 | 日止三個月 | \n2022 年 | | 截至 6 月 30 \n2023 年 | 日止六個月 | 2022 年 | | 煤炭銷量 （以百萬噸計） | | 0.57 | | 0.04 | | 0.90 | | 0.04 | | 平均實現售價 （每噸） | $ | 103.33 | $ | 92.87 | $ | 111.19 | $ | 92.87 | | 標準半軟焦煤╱優質動力煤 | | | | | | | | | | 煤炭 ...

於2021年7月24日，SGS從蒙古政府執行機構得知，兩個採礦許可證(MV-016869及MV- 020451)所涵蓋的許可證區域不再交迭特別需求地區。本公司將繼續與蒙古當局商討採礦許 可證(MV-020436)所涵蓋的許可證區域。 於2022年底，本公司恢復包括煤炭開採在內的主要採礦營運，煤炭產量逐步增加，導致隨後 對中國的煤炭出口量增加，顯著改善了本公司截至2023年第一季度的現金流狀況。本公司預 計，多家煤礦公司計劃在2023年進行投資，以加強支持中蒙邊境跨境出口的基礎設施和技術， 將令2023年出口量繼續增加。 在JDZF的幫助及支持下，本公司將專注於擴大其在中國的市場範圍及客戶基礎，以提高其煤 炭產品的利潤率。 中期而言，本公司將繼續採納各種策略，以加強產品組合從而最大化地增加收益，擴大客戶基 礎和銷售網絡，改善物流，優化營運成本結構，其中以安全及對社會負責任的方式營運尤為重 要。 本公司中期目標如下： • 優化產品組合－本公司將著重通過以下措施改善產品組合：(i)改善採礦營運；(ii)利用本 公司濕洗煤加工廠；(iii)尋求乾選煤加工營運的可能性；及(iv)買賣煤炭及混煤以生產對 本公司具有經濟效 ...

Supplier and Customer Relationships - The largest supplier accounts for 13% of the company's total procurement[5] - The largest customer accounts for 14% of the company's total sales[6] Liquidity and Financial Resources - The company expects sufficient liquidity and capital resources to meet ongoing operational obligations and future contractual commitments[14] - The company has secured access to up to $73 million in financial support from an affiliate of its major shareholder to improve liquidity and financial conditions[125] - The company has implemented cost-saving measures and is in discussions with suppliers and the Mongolian Tax Authority to extend payment schedules for outstanding liabilities[125] - The company's cash flow forecast covers a 12-month period starting from December 31, 2022, and includes expected cash flows from operations and cost-saving measures[125] - The company's board of directors believes there are sufficient financial resources to continue operations and meet financial obligations for the next 12 months, supporting the use of the going concern basis for financial reporting[125] Operational Efficiency and Production Capacity - The company aims to improve operational efficiency and production capacity at the Ovoot Tolgoi coal washing facility[15] - The company plans to enhance mining operations and capacity in 2023, along with strengthening infrastructure and technology for cross-border exports at the Ceke Port[199] Environmental and Safety Performance - The company is focused on mitigating environmental impacts and enhancing health, safety, and environmental performance[15] Corporate Governance and Compliance - The company is transitioning its listing status on the Hong Kong Stock Exchange from secondary to primary[15] - The company regularly reviews and updates its practices to ensure compliance with the latest corporate governance requirements and best practices[28] - The company has established a disclosure committee to oversee its disclosure practices, consisting of management members and the chair of the nomination and corporate governance committee[24] - The company has a disclosure committee responsible for overseeing disclosure practices, including controls, procedures, and policies[55] - The company has adopted a disclosure policy that meets or exceeds the standards set by the Hong Kong Securities and Futures Commission[49] - The company updated the Audit Committee and Compensation and Benefits Committee charters in March 2023 to align with Hong Kong Listing Rules, effective April 2023[65][69] - The company's corporate governance report highlights the role of the nomination and corporate governance committee in monitoring compliance with legal, regulatory, and governance standards[136] - The company has updated its disclosure, confidentiality, and securities trading policies to align fully with the Hong Kong Listing Rules, effective March 2023[145] Board of Directors and Committees - The Board of Directors consists of 3 executive directors, 2 non-executive directors, and 3 independent non-executive directors[52] - A special committee of independent non-executive directors was established in December 2022 to explore potential capital restructuring options[56] - The Board oversees the company's business and sets long-term development goals and strategies[44] - The Nomination and Corporate Governance Committee reviews the effectiveness of risk management and internal control systems[40] - The Board ensures that senior management operates in the best interests of shareholders and aligns with shareholder and management objectives[47] - The Board is responsible for approving the appointment of senior management and reviewing their performance annually[49] - The Audit Committee consists of three independent non-executive directors: Mr. Sun Mao (Chairman), Mr. He Yingbin, and Ms. Quan Jinlan[66] - The Board of Directors held a total of 13 meetings in 2022, with the Audit Committee holding 10 meetings, the Compensation and Benefits Committee holding 5 meetings, and the Operations Committee holding 4 meetings[75] - The company's board diversity policy emphasizes the importance of diverse perspectives, experiences, and expertise for effective governance[107] - The company's nomination and corporate governance committee uses a skills matrix to identify and track the qualifications and skills needed for board members[111] - The company's board diversity policy emphasizes gender diversity and recognizes the importance of women in promoting diverse perspectives on the board[139] - The company's board of directors includes members with expertise in corporate governance, mining, financial management, and related fields, as outlined in the skills matrix[143] Financial Performance and Reporting - Coal sales increased from 900,000 tons in 2021 to 1.1 million tons in 2022 after the reopening of the Ceke Port in May 2022[39] - The company suspended coal exports to China from November 2021 to May 2022 due to COVID-19 restrictions in Inner Mongolia[39] - The company significantly improved its cash flow due to the gradual increase in the number of trucks allowed to cross the China-Mongolia border and coal exports since May 25, 2022, with coal mining operations resuming on July 15, 2022[62] - The company reported a net loss attributable to equity holders of $30.4 million in 2022, compared to a net loss of $14.4 million in 2021[155] - As of December 31, 2022, the company had an asset deficit of $142.5 million, up from $90.5 million in 2021[155] - The company's working capital deficit (current liabilities exceeding current assets) reached $184.7 million as of December 31, 2022, compared to $42.5 million in 2021[155] - The company's internal controls over financial reporting were deemed effective by the CEO and CFO as of December 31, 2022[151] - The company's financial reporting internal controls did not undergo any significant changes in the most recent quarter that could materially affect them[152] - The company's audit fees for 2022 included the audit of annual financial statements, review of quarterly financial statements, and statutory audits of subsidiary financial statements[154] - Audit fees and related fees amounted to $361,000 and $101,000 respectively, totaling $462,000[177] Risk Management and Internal Controls - The company's internal control policies aim to provide reasonable assurance against material misstatements and help the board identify and mitigate risks[118] - The company's financial reporting internal controls include policies and procedures to ensure transactions are recorded accurately and in accordance with IFRS[121] - The company's board is responsible for maintaining an effective risk management and internal control system[118] Whistleblower and Employee Welfare - The company has adopted a whistleblower program to allow employees to confidentially report concerns or perceived misconduct[29] - The company's audit committee and corporate secretary jointly manage the whistleblower program[104] - The company emphasizes employee welfare and is committed to providing a healthy, respectful, and safe working environment, considering employees as its greatest asset[81] Shareholder Communication and Governance - The company's shareholder communication policy ensures that shareholders and the investment community receive complete, fair, and timely information about the company[105] - The company's shareholders can request a meeting if they hold at least 5% of the issued and outstanding common shares[162] Mining Operations and Assets - The company fully owns the Ovoot Tolgoi open-pit coal mine and the Soumber and Zag Suuj deposit development projects, located 150 kilometers apart in Mongolia[34] - The company focuses on the exploration, development, and production of coal deposits in the South Gobi region of Mongolia, with its flagship Ovoot Tolgoi mine supplying coal to Chinese customers[83] - The company's Oyu Tolgoi deposit has over 90 million tons of mineral reserves, with growth potential in nearby deposits[170] Legal and Financial Obligations - The company agreed to pay JDZF a deferral fee at an annual interest rate of 6.4% for the deferred interest payment due in November 2022[91] - The company's operating capital deficit as of December 31, 2022, included significant liabilities, including $59.7 million in trade and other payables, with $22.5 million in unpaid taxes owed to the Mongolian Tax Authority[124] - The company has deferred payments totaling approximately $133.5 million to JDZF, including $7.9 million in semi-annual cash interest payments, $8.7 million in cash interest, management fees, and related deferral fees, $13.5 million in cash and in-kind interest and related deferral fees, and $110.4 million in cash and in-kind interest, management fees, and related deferral fees, all due by August 31, 2024[125] - The company may face delays in repaying trade payables and other liabilities, potentially impacting its ability to resume mining activities and leading to legal actions or bankruptcy proceedings[180] Business Conduct and Ethics - The company has adopted a business conduct and ethics policy, "The Way We Work," applicable to all employees, consultants, senior management, and directors at all times[135] Going Concern and Financial Uncertainty - The company's ability to continue as a going concern is in significant doubt due to adverse conditions and uncertainties, potentially requiring adjustments to asset values and liabilities[157] - The company continues to operate on a going concern basis, with the ability to realize assets and repay debts in the normal course of business[199] Factors Affecting Liquidity - Factors affecting the company's liquidity include the impact of COVID-19, restrictions on coal product sales in China, economic growth, coal market prices, production levels, operational cash costs, capital costs, currency exchange rates, and exploration expenses[181] Director Education and Compensation - The company provides Canadian Directors Association membership to all directors to facilitate ongoing education, covering topics such as corporate governance and mining industry updates[78] - The company's independent non-executive directors received approved annual retainers for the fiscal year 2022, with no stock options granted during the year[116] Property, Plant, and Equipment - The company’s property, plant, and equipment changes for the fiscal year are detailed in Note 16 of the financial statements[87] Strategic Planning and Investments - The Board of Directors is responsible for approving annual and quarterly budgets, strategic plans, and significant acquisitions or investments outside the approved budget[86] Listing and Exchange Transitions - The company's revised articles of association will take effect after its delisting from the Toronto Stock Exchange and relisting on the TSX Venture Exchange[168]

• 循環信貸融資－於2023年3月2日，本公司的間接全資附屬公司（「借方」）與本公司最大 股東JDZF的關聯方訂立無抵押循環信貸融資（「信貸融資」），向本公司提供本金總額最 高不超過人民幣9千萬元，到期日為協議簽署之日起計三個月。根據多倫多證交所公司手 冊的規定，本公司已就信貸融資獲得多倫多證交所的必要批准，惟須受若干標準條件規 限。 - 6 - 信貸融資的主要條款如下： • 信貸融資項下的所有義務於到期日到期應付。 • 信貸融資為一種循環貸款，據此借方將有權（但無義務）不時要求作出信貸融資項 下的墊款（「墊款」），惟信貸融資項下的未償還墊款總額任何時候均不得超過最高 貸款額。借方有權不時償還信貸融資項下的全部或部分未償還墊款，而無需支付任 何獎金或罰款。 • 倘借方於提款日後十五(15)天（「免息期」）內悉數償還任何墊款，信貸融資項下的 墊款將不計息。倘借方未能於免息期結束前悉數償還墊款，則於緊隨免息期最後一 日之次日（「利息觸發日」）起至該墊款獲悉數償還或清償之日（不包括該日）止，借 方將支付該墊款未償還金額的利息予貸方。自利息觸發日起，每筆墊款未償還金額 的利息按年利率5%（每日釐定）計算，並於有關墊款 ...