Phu Kham Copper-Gold Operation

Map showing the Laos contract area

The Phu Kham Copper-Gold Operation is PanAust's flagship operation

The Operation is located within PanAust’s Phu Bia Mining Contract Area in Laos approximately 140 kilometres north of Laos’ capital city, Vientiane.

The Operation

The Operation comprises an open-pit mine feeding ore to a conventionally milling and flotation operation which produces a copper and precious metals concentrate for export to custom smelters mainly in Asia.

Seventy per cent of Phu Kham’s concentrate is trucked in covered containers to the port of Hon La in Vietnam (approximately 650 kilometres from the Operation). The remaining 30 per cent is trucked to Sriracha Harbour in southern Thailand (approximately 1,000 kilometres from Phu Kham) for export to smelters mainly in Asia.

Photo of the Phu Kam site at night

June quarter 2022 production

During the June quarter 2021, the Phu Kham Operation produced 8,443 tonnes (t) of copper in concentrate at a C1* cost of US$0.91/lb after precious metal credits from 7,628 ounces (oz) of gold and 47,128oz silver. An all-in sustaining cost (AISC**) of US$2.80/lb of copper was realised.

More than 10.3 million tonnes (Mt) of ex-pit material was mined during the quarter which included 2.9Mt of copper-gold ore.

Copper, gold and silver head grades averaged 0.42 per cent, 0.20 grams/tonne (g/t) and 1.48g/t respectively. An overall copper recovery rate of more than 81 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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Tonnes of Copper
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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.