Hanking Gold Wins Key Licence for Mt Bundy Gold Project in Australia

China Hanking Holdings Ltd. ( (HK:3788) ) just unveiled an update.

Hanking Gold International Limited has obtained approval of its mining management plan and a deemed mining licence from the Northern Territory Government’s Department of Lands, Planning and Environment for the Rustlers Roost and Quest 29 open-pit projects, collectively part of the Mt Bundy Gold Project. The approval covers the mine camp, processing plant, tailings storage, and associated facilities, reinforcing regulatory certainty for the project, which holds 3.47 million ounces of gold resources and 1.88 million ounces of reserves on existing mining leases.

With prior environmental approvals already in place for the Tom’s Gully underground mine and the Mt Bundy open pits and processing facilities, the new authorisation marks a major milestone enabling the project’s transition toward production. The company plans to begin site work for camp construction in early May 2026 and start building the processing plant in the third quarter of 2026, targeting first gold production in the first quarter of 2028, a timeline that could materially advance its growth profile and future cash flow generation, though investors are cautioned about associated risks.

More about China Hanking Holdings Ltd.

Hanking Gold International Limited is a Cayman Islands-incorporated gold mining company listed in Hong Kong, focusing on the development and operation of gold projects. Its key assets include the Mt Bundy Gold Project in Australia’s Northern Territory, where it is advancing both open-pit and underground operations supported by significant JORC-compliant gold resources and reserves.

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Current Market Cap: HK$8.94B

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