Hanwang Gold (03788) selected CITIC Heavy Industries as the supplier of ball mill equipment for the Mt Bundy gold mine project

According to Zhitong Finance App, Hanwang Gold (03788) issued an announcement. After obtaining regulatory approval for Mt Bundy plant selection and construction and completing the competitive bidding process, the company selected CITIC Heavy Industries Machinery Co., Ltd. (CITIC Heavy Industries) as the supplier of ball mill equipment for the Mt Bundy gold mine project, and the company has paid an initial deposit to lock in the ball mill equipment in accordance with an agreement with CITIC Heavy Industries.

CITIC Heavy Industries is headquartered in Luoyang, China, and has a subsidiary in Australia responsible for equipment installation and after-sales service. It is a global first-tier supplier of ball mill equipment. The company and CITIC Heavy Industries have a mature foundation of cooperation, and CITIC Heavy Industries has been supplying core beneficiation equipment for the company's domestic mining business for a long time. The ball mill is the single most valuable core equipment for the Mt Bundy Gold Selection Plant. Combined with feedback at the factory selection and bidding stage and further model calculation, the company selected a large-scale ball mill with superior specifications and performance to the model described in the feasibility study report. The core parameters of the ball mill purchased from CITIC Heavy Industries this time are: CITIC Heavy Industries 18 megawatts, a specification of Φ7.92 meters x an effective length of 13.12 meters, equipped with two sets of 9,000 kilowatt driving devices; the equipment guarantees 688 tons/hour, and the grinding fineness is ≤ 75 microns, which helps improve the gold recovery rate and enhance the flexibility of production and operation.

The company is also happy to update the progress of various gold mining businesses in Australia: the gas pipeline construction uses the BOO model, and priority partners and optimal pipeline routes have been selected. The preliminary work is progressing in an orderly manner, and the goal is to achieve natural gas supply by the end of 2027; priority partners for the BOO model for natural gas power plants have been finalized, core commercial terms have been agreed, the generator set has been reserved for the Mt Bundy gold mine project, and a formal contract is being drafted to be signed; the road to entry has been completed and the site removal work has officially begun; the civil construction of the employee camp has been completed and approved, with a total of 258 guest rooms The camp facility installation project has begun; priority partners for the camp catering service have been selected and the final documents are to be completed; priority partners for the mining fleet (including commuter buses and ambulances) have been selected to complete the formal contract; the preferred EPC/EPCM general contracting contractor for plant selection and construction has been selected, but the final documents must be implemented and a formal contract signed; the preparation of tender documents for the construction of mining and surface tailings facilities is in progress, and the first round of tender invitations have been issued to qualified potential bidders.