Hanking Holdings plans spin-off of Australian gold assets

China Hanking Holdings has announced plans to spin off and separately list Hanking Gold, its Australian gold assets, on the main board of the Hong Kong Stock Exchange. The move aims to create an independent capital platform to accelerate the gold business's development and enhance shareholder value. Hanking Gold holds two key gold projects in Australia: Mt Bundy in the Northern Territory, with a JORC Code-compliant gold resource of 3.01 million ounces at an average grade of 0.9 g/t and a reserve of 1.64 million ounces, and Cygnet in Western Australia, holding a JORC Code-compliant gold resource of 1.72 million ounces at an average grade of 3.1 g/t. The listing will be achieved through a distribution in specie of Hanking Gold shares to eligible China Hanking Holdings shareholders. Hanking Gold also adopted a share option scheme on July 4, 2025. The company intends to raise funds prior to the listing to develop its projects.