Ban Houayxai Gold-Silver Operation

Map showing the Laos contract area

The Ban Houayxai Gold-Silver Operation is located approximately 25 kilometres west of PanAust's Phu Kham Copper-Gold Operation.

Commencing production in 2012, Ban Houayxai comprises an open-pit mine feeding ore to a conventional four million tonne carbon-in-leach recovery process plant.

The Operation

Ban Houayxai was designed in accordance with the International Cyanide Management Code (the Code) – a voluntary program for the responsible manufacture, transport, use and disposal of cyanide in the production of gold. The Operation received pre-operational certification in 2012, operational certification in 2013, and was recertified in 2019.

Process plant at Ban Houayxai

June quarter 2022 production

During the June quarter 2022, the Ban Houayxai Operation poured 19,447 ounces (oz) of gold and 132,591oz of silver in doré for a C1* cost of US$980/oz gold. An all-in sustaining cost (AISC**) of US$1,857/oz gold was released. 

The Operation mined 3.9 million tonnes (Mt) of ex-pit material during the quarter which included 1.3Mt of gold-silver ore. Over 1.1Mt of ore was processed.

Gold and silver doré sold during the quarter totalled 19,932oz and 134,143oz respectively. An overall gold recovery rate of more than 78 per cent was achieved.

*Brook Hunt convention for the reporting of direct costs comprising: mine site, product transportation and freight, treatment and refining charges and marketing costs; based on payable metal content after by-product credits

**AISC reported are the C1 cost plus royalties, allocated corporate support charges, shared services costs, sustaining capital; lease principal and interest charges; and deferred mining and inventory adjustments capitalised

Quarterly concentrate sales

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Oz of Gold
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Oz of Silver
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Around the Operation

Mr Lei Feng

Non Executive Director

Mr Lei Feng has over 20 years of financial management experience in various sectors including printing, packaging, shipbuilding, grain trading, mining and finance.

Mr Feng began his career in 2004 as a Financial Accountant at C & C Joint Printing Co., (Guangdong) Ltd., after completing a Masters of Business Administration degree between 2002 and 2004 at Sun Yat-Sen University.

After five years, in 2009, Mr Feng was appointed as Financial and Executive Manager at Heshan Innopak Co., Ltd. Since 2013, Mr Feng has held senior financial positions with various Guangdong state-owned companies regulated under the State-owned Assets Supervision and Administration Commission.

In 2013, Mr Feng took up a new appointment as Financial Controller, at Guangxin Shipbuilding and Heavy Industry Co., Ltd and was appointed in 2016, as the Financial Controller with Donlink Group Co., Ltd.

In 2018, Mr Feng joined Guangdong Rising Holdings Group Co. Ltd., (GRHG) as the Deputy General Manager of the Finance Department and later in 2020 he was appointed as General Manager of Finance. In early 2022, Mr Feng took on his current position of General Manager of Guangdong Rising Investment Development Co., Ltd, with GRHG.

Mr Feng became a Non-executive Director of the PanAust Limited Board of Directors on 10 May 2022.