The Zhitong Finance App learned that Hanwang Gold (03788) rose nearly 5% in the afternoon. As of press release, it rose 3.80% to HK$2.87, with a turnover of HK$2,9663,300.

According to the news, Hanwang Gold announced that the average gold recovery rate of the Group's Rustlers Roost gold deposit area drilling samples in the Mt Bundy gold mine project in the Northern Territory of Australia reached 95.7%, which is higher than the assumption of about 90% gold recovery rate adopted by the Final Feasibility Study; the company is speeding up the follow-up drilling plan for this historic waste pile with the aim of defining the new JORC resources and ore reserves.

According to the announcement, all aspects of the development of the Mt Bundy gold mine project are progressing steadily according to the plan. The company will maintain plant selection and commissioning in the fourth quarter of 2027, and achieve the goal of first gold production in the first quarter of 2028.

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