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The recently discovered 460 Gaodi porphyry Mo-Cu deposit is a sub-economic deposit characterized by low Mo-Cu grades, dispersed mineralization, and separated Mo- and Cu-ore bodies. This study aims to elucidate the factors underlying this type of sub-economic mineralization. Electron-microprobe analyses of biotite from ore-related granite porphyry yielded Ti-in-biotite crystallization temperatures of 677–734 °C (an average of 719 °C) and biotite phenocryst crystallization depths of 6.0 to 12.9 km. LA-ICP-MS analyses of zircons from the same sample revealed average zircon Ce4+/Ce3+ ratios of 299.7 and elevated zircon lg(ƒO2) ratios, with an average ΔFMQ of +6.6 ± 1.9. These discoveries suggest that the magma responsible for ore formation boasts a high degree of oxidation, yet also possesses a magma chamber located at a significant depth within the upper crust. This implies an extensive exsolving depth for fluids. Furthermore, our microthermometry analysis of fluid inclusions reveals that a portion of the fluid experiences considerable conductive cooling as it ascends along the conduit, owing to the depth of fluid exsolution. This process results in the ore fluids remaining in the liquid-only region without undergoing boiling, which is conducive to the enrichment of metals. We emphasize the fact that fluid-exsolving depth plays a critical role in determining the metal grades and economic value of a porphyry deposit by regulating the P-T evolution path of the ore fluids