The Ban Houayxai Gold-Silver Operation reaches significant production milestone

The Ban Houayxai Gold-Silver Operation reaches significant production milestone

In August, PanAust’s Ban Houayxai Gold-Silver Operation produced one million ounces (oz) of gold, marking an outstanding achievement and milestone for the Operation and the Company.

Operated by PanAust’s Lao-registered company, Phu Bia Mining, construction of the Operation began in early November 2010, with the first production of gold-silver doré in April 2012. Since production commenced, the Operation has averaged approximately 107,000oz of gold annually.

In 2013, Ban Houayxai received the ‘Project Development of the Year Award’ at the Mines and Money Asia Mining Awards in recognition of outstanding project management for the development and construction of the Operation.

Phu Bia Mining Manager Director, Wen Fu Wang spoke about the award-winning Operation which has become synonymous with production excellence. 

“Ban Houayxai’s production excellence is complimented by its world-class safety performance, seen in the 1,000 day injury free period the Operation recorded from 2018.

“In 2013, the Ban Houayxai mobile and fixed plant maintenance warehouse facilities received the Caterpillar five-star contamination control rating. At the time, the five-star ratings were two of only six worldwide and the first awarded in a developing country. Year-on-year the Operation has maintained this highest rating, which has come to represent operational excellence.

“The Ban Houayxai process plant achieved pre-operational certification to the International Cyanide Management Institute’s Cyanide Code in 2012 and has maintained full Cyanide Code accreditation throughout operations. 

“I would like to thank everyone who is and has worked for or supported Ban Houayxai operations; this milestone could not have been achieved without your hard work and dedication. I look forward to the Operation’s next great achievement,” Wen Fu said.

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.

Mr Daling Zheng

Managing Director and Chief Executive Officer
MCom, MBA, PGDip

Mr Daling Zheng is PanAust Limited’s Managing Director and Chief Executive Officer. He has 20 years of experience in asset management and investment in China and internationally and holds a Master of Commerce (Applied Finance) from the University of Queensland, an MBA from Murdoch University, and a postgraduate diploma from the Queensland University of Technology.

Prior to joining PanAust Limited, Daling worked for Shenzhen Zhongjin Lingnan Nonferrous Metal Co. where he was involved in mergers, acquisitions, and the asset management of international mines.

Daling’s previous experience includes as an investment approval officer in the Investment Management Committee of the China Ping An Group where he was responsible for the acquisition of global-listed companies and commercial banks, underwriting, investing in corporate bonds, and participating in Moody and Standard & Poor’s credit rating on Ping An Group. He has also been responsible for corporate banking at the China Minsheng Bank, and was an analyst in the energy and nonferrous metal industry at CITIC Futures.

Daling was appointed an Executive Director of PanAust Limited on 27 August 2018, Chief Financial Officer on 15 January 2019 and Deputy Chief Executive Officer on 23 July 2020. In 2022 Daling was appointed as Managing Director and Chief Executive Officer of PanAust Limited.

Mr Shu Yao


Mr Shu Yao is a Mining Engineer with over 30 years’ of experience in mining operations and management.

Mr Yao joined Shenzhen Zhongjin Lingnan Nonfemet’s (Nonfemet) Fankou Mine – one of the largest lead and zinc producing mines in Asia – in 1989 as a Mining Technician. He would later serve as the Mining Manager, General Manager of the Mining Department, and Assistant General Manager during his 26 year tenure with the Mine.

In 2015, Mr Yao transitioned to work directly for Nonfemet as the Assistant President; General Manager of the Mineral Resource Department. While with the Company, Mr Yao would go on to hold the roles of Deputy President and Director, and Executive Deputy President and Director.

In 2020, Mr Yao transitioned to his current role of Chairman of Guangdong Rising Investment Development Co. Ltd; a first tier subsidiary of Guangdong Rising Holdings Group Co. Ltd.

Mr Yao became the Chairman of PanAust Limited on 11 May 2021.