Our history


  • PanAust supports the Government of Laos' national COVID-19 vaccination program. 96 percent of employees and contractors are vaccinated against COVID-19 through its voluntary Company vaccination program. 


  • PanAust responds to the global COVID-19 pandemic prioritising the safety of its workforce and the broader community and supported its customers.
  • PanAust secures a new Exploration Licence in Myanmar.


  • In May, PanAust announces its interest in the Frieda River Project increases to 100 per cent.


  • On 6 July, following the approval by the Government of the Republic of the Union of Myanmar, PanAust announced it had secured three new Exploration Licences in Myanmar.

  • PanAust proudly celebrated the 10th anniversary of its flagship Phu Kham Copper-Gold Operation in May.


  • PanAust and Interplast Australia & New Zealand complete a successful PanAust-sponsored surgical program at the Vanimo General Hospital in Papua New Guinea. The program is the continuation of the partnership between PanAust and Interplast which commenced in Laos in 2012.


  • On 8 February, PanAust announced it had been granted three Exploration Licences in Myanmar, with a contract area covering 1,400 square-kilometres.
  • On 19 May, PanAust announced the completion of the feasibility study for the Frieda River Project in Papua New Guinea.


  • On 2 April, PanAust announced Guangdong Rising Assets Management Co. Ltd's unconditional, off-market takeover offer to acquire all its shares at a cash price of A$1.71 per share. On 8 May, the offer was raised to A$1.85 per share.

  • On 20 July, the compulsory acquisition process was completed and PanAust became a wholly owned subsidiary of Guangdong Rising H.K. (Holding) Limited which is a wholly owned subsidiary of Guangdong Rising Assets Management Co. Ltd.

  • From the close of trading on Friday 12 June, PanAust was removed from the Australian Securities Exchange (ASX) list.


  • PanAust announced that the acquisition of an 80 per cent interest in the Frieda River Project in Papua New Guinea from Glencore plc.


  • PanAust announced a partnership with the Asian Development Bank to provide US$41 million towards a project to deliver clean water and better sanitation facilities to residents of 11 towns in Laos.


  • The Ban Houayxai Gold-Silver Operation opened on 20 April with the first production of gold-silver doré commencing in May.
  • The Phu Kham Upgrade Project was commissioned in September resulting in a 33 per cent increase in ore processing capacity from 12 to 16 megatonnes per annum at the Phu Kham Copper-Gold Operation.


  • PanAust acquired a majority interest in the Inca de Oro Copper-Gold Project in Chile from Codelco.


  • The Board approved the development of the Ban Houayxai Gold-Silver Project.


  • First full year of production at the Phu Kham Copper-Gold Operation; producing more than 54,000 tonnes of copper at a C1^ cash cost of US$0.97 per pound copper after precious metal credits.


  • Phu Kham Copper-Gold Operation construction completed ahead of schedule and within the US$241 million capital budget.
  • Commercial operations commence for the Phu Kham Copper-Gold Operation and first sales of copper-gold concentrate.


  • PanAust is listed on the S&P/ASX 200 Index.
  • First Phu Kham copper-gold ore mined and stockpiled and Phu Kham Copper-Gold Operation commissioning commenced.



  • Board approved the US$241 million Phu Kham Copper-Gold Project development.


  • PanAust gains ‘producer’ status following first gold pour at the Phu Kham Heap Leach Gold Operation.

  • Phu Kham Copper-Gold Project feasibility study completed and feasibility extension program commenced based on substantially expanded mineral resource.


  • Phu Kham Copper-Gold Project preliminary study completed.
  • Commenced site works for the Heap Leach Gold Operation representing the first phase of an initial two-phase development of the Phu Kham deposit.


  • Phu Kham Heap Leach Gold Project pre-feasibility study commenced.

  • Commenced preliminary study to assess the potential of the Phu Kham copper-gold deposit.


  • Positive results from drilling at the Phu Kham copper-gold deposit.

  • Positive results from the initial drilling phase at the Ban Houayxai gold-silver deposit.


  • Agreement signed with Normandy Anglo for PanAust to acquire the Phu Bia Contract Area in Laos.