Hanking Gold Mining Information

Hanking Gold Mining Pty Ltd (ACN 161 566 490) is a rapidly growing Perth-based gold exploration and mining company with its key asset being the Southern Cross Operations (”SXO”) acquired from St Barbara Limited in April 2013. Since the SXO acquisition, Hanking Gold has carried out project consolidation, maintenance of the Marvel Loch Processing Plant and underground facilities, and feasibility studies. A regional exploration review with CSA Global identified 45 targets within our 930 sqkm tenement package. Hanking Gold subsequently carried out drilling programs and increased the total JORC resource from 2.41 Moz to 2.75 Moz Au. A bankable feasibility study by Entech Engineering in conjunction with Como Engineers and CSA Global demonstrates the SXO project is a robust project. The initial mine life will be 4.5 years, with an annual gold production around 100,000 oz gold at a cash cost of $800 and all-in cost of $980 per ounce. Hanking Gold has awarded all the key contracts through a comprehensive tendering process to the following groups: Watpac Civil and Mining (Mining), Hampton Transport (Haulage and ROM) and Como Engineers (Processing Plant Refurbishment). Mining commenced in late August 2014 and processing started in February 2015. Hanking Gold is on track to become a profitable middle tier gold mining company that is underpinned by low-cost and sustainable growth to benefit all stakeholders.