Hanking Gold International Limited Announces Major Progress on Mt Bundy Gold Project
Ball Mill Procurement Secured; Project Timeline and Leadership Strengthened
Hanking Gold International Limited (Stock Code: 03788) has released an important update regarding the progress of its flagship Mt Bundy Gold Project in Australia. This announcement contains multiple price-sensitive developments that investors and shareholders should closely monitor.
Key Highlights
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Ball Mill Procurement: Following regulatory approval for the Mt Bundy Processing Plant construction and a competitive tender process, Hanking Gold has selected CITIC Heavy Industries Co., Ltd. as the supplier for the ball mill, the largest and most critical piece of equipment for the project.
- An initial deposit has been paid to secure the ball mill.
- CITIC, headquartered in Luoyang, China, with an Australian subsidiary, is a globally recognized supplier and has a proven track record with Hanking Gold’s China operations.
- The ball mill ordered is larger and more powerful than originally planned in the definitive feasibility study, with specifications: 18 MW CITIC HIC Ø7.92 × 13.12 m EGL, 2 × 9,000 kW, guaranteed throughput of 688 t/h at ≤75 μm.
- This upgrade is expected to enhance gold recovery and provide greater operational flexibility.
- Project Timeline and Confidence: Securing the ball mill, which has the longest lead time among all equipment, gives the company confidence to commence gold production in Q1 2028.
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Leadership Appointments:
- Adam Kinna appointed as Project Manager, bringing extensive experience from Glencore’s McArthur River mine and Core Lithium’s Darwin lithium mine.
- Ben Wang appointed as Mining Manager, with experience from AngloGold Ashanti’s Tropicana gold mine, SXO, and Delagrange.
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Infrastructure Advancements:
- Preferred partners and routes for gas pipeline and power station selected; early works underway with gas transportation targeted by end 2027.
- Road construction has reached the processing plant site and site clearance has begun.
- Earthworks for the camp are completed; installation of a 258-room camp has commenced.
- Preferred partners for camp catering and vehicle fleet (including bus and ambulance) selected, pending final contracts.
- Processing plant construction EPC/EPCM preferred contractors selected, pending final documentation.
- Mining and TLS construction tendering documents being prepared, with invitations sent to qualified tenderers.
- Economic and Social Impact: The Mt Bundy Gold Project is expected to generate over 400 jobs, contribute significantly to the local economy through taxes, rates, rents, and royalties, and deliver long-term value to shareholders and regional stakeholders.
Management Commentary
Dr. Qiu Yumin, CEO and President, stated: “The confirmed order for the ball mill—the longest lead time equipment—provides us with confidence to produce gold from Q1 2028. Our expert consultants and team recommended the larger, more powerful ball mill for future flexibility and shareholder value. Project development has advanced as planned, and our strengthened leadership team positions us for successful delivery. The Mt Bundy Gold Project will greatly benefit shareholders and the local economy.”
Shareholder Considerations and Price Sensitivity
- The procurement of the ball mill, being the most valuable and long-lead equipment, significantly de-risks the project timeline.
- Upgrading to a larger mill may enhance gold recovery and operational flexibility, potentially increasing future revenues and profits.
- Securing key project partners and leadership may improve execution certainty and reduce risks.
- The project’s expected job creation and economic contribution could enhance its social license and community support.
- Investors should note the timeline for gold production (Q1 2028) and ongoing progress on infrastructure and contracts.
Investor Guidance
Shareholders and potential investors are advised to exercise caution and closely monitor further developments, as these updates are material and may impact the company’s share price.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information is based on the company’s official announcement and may be subject to change. Investors should conduct their own due diligence and consult professional advisors before making investment decisions.
繁體中文版本
漢金國際有限公司：Mt Bundy 金礦項目重大進展及球磨機採購
漢金國際有限公司（股票代碼：03788）公布了澳大利亞 Mt Bundy 金礦項目最新進展，包含多項可能影響股價的關鍵訊息，投資者應密切關注。
重點摘要
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球磨機採購：獲得加工廠建設的監管批准後，經競爭性招標，漢金選定 中信重工 為球磨機供應商，該設備為項目中最重要且價值最高的一項。
- 已支付首期訂金以鎖定球磨機。
- 中信重工總部位於中國洛陽，並在澳洲設有安裝與售後服務子公司，與漢金在中國業務合作良好。
- 訂購的球磨機規格提升，為 18兆瓦 CITIC HIC Ø7.92 × 13.12米 EGL，2 × 9,000千瓦，保證處理量 688噸/小時@≤75微米。
- 升級預期提升金回收率及運營靈活性。
- 項目進度：球磨機為所有設備中交貨期最長，確保訂單後，預計可於2028年第一季開始生產黃金。
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領導團隊任命：
- Adam Kinna 擔任項目經理，曾任職於Glencore McArthur River礦及Darwin鋰礦。
- Ben Wang 擔任採礦經理，曾服務於AngloGold Ashanti Tropicana金礦、SXO及Delagrange。
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基礎設施進展：
- 氣管與電站合作夥伴和路線確定，初步工程進行中，目標2027年底開始輸氣。
- 道路已通至加工廠，場地清理開始。
- 營地土建完成，258間房營地安裝啟動。
- 營地餐飲及車隊（包括巴士和救護車）合作夥伴選定，待最終合同。
- 加工廠EPC/EPCM合作夥伴選定，待文件完成。
- 採礦及TLS招標文件準備中，已邀請合格投標者。
- 經濟與社會影響：項目預計創造超過400個工作崗位，通過稅收、租金、權利金等為地方經濟帶來重大貢獻。
管理層評語
行政總裁邱玉民博士表示：「球磨機訂單確保了項目最長交貨期設備，讓我們有信心於2028年第一季生產黃金。專家及團隊建議升級球磨機，為未來產能提供更大彈性及股東長遠利益。項目進展如期，領導團隊壯大，將有信心推動項目成為領先金礦，對股東和地方社會帶來巨大益處。」
股東需知及股價敏感事項
- 球磨機訂單大幅降低項目進度風險。
- 設備升級可能提升金回收率和未來收益。
- 關鍵合作夥伴及領導任命增強項目執行力及減低風險。
- 預計創造400職位並促進地方經濟，有助社會支持。
- 投資者需留意生產時間表（2028年Q1）及基建進展。
投資者指引
股東及潛在投資者需謹慎行事，密切關注後續發展，此公告為重大事項，或對公司股價造成影響。
免責聲明：本文僅供資訊參考，並不構成投資建議。內容以公司公告為準，可能隨時調整。投資者應自行進行盡職調查，並諮詢專業顧問。
