Hanking Australia Investment Pty Ltd (ACN 613 858 843) is a Perth based mining investment company, led by Dr. Mark Qiu and his team, with strong support from its parent company China Hanking Holdings Limited, which is a diversified international mining company listed on the Hong Kong Stock Exchange (HKSX: 03788) with more than 25 years successful mine operating experience.
Hanking Australia acquired the Southern Cross Gold Operations when it was in care and maintenance from St Barbara Limited for $20 million in April 2013, revitalised the rundown assets through extensive exploration, feasibility studies, open-pit and underground mine developments and processing plant refurbishment and brought it into production in February 2015. Hanking Australia increased the JORC reserve from zero to approximately 1 Moz gold and JORC resource from 2.4 Moz to 5.2 Moz gold by April 2017 when it was sold for $330 million. Hanking Australia created +500 jobs, paid more than $100 million tax and royalties over the last five years and created significant values for all stakeholders.
Hanking Australia made a friendly take-over offer for ASX listed Primary Gold Limited in late February 2018 and successfully privatised Primary Gold in June 2018.
Hanking Australia has also invested in two other ASX listed gold and cobalt mining companies and continues seeking growth opportunities in the gold sector.
Hanking Australia Investments will be presenting an update in the Collaboration Theatre and will be showcasing their mining projects to prospective investors at the International Mining and Resources Conference. Claim your complimentary investor pass.