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.

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.