China Hanking (03788) announced that it has recently updated the final feasibility study for its Mt Bundy gold project and the pre-feasibility study for its Cygnet gold project. The company has increased total recoverable resources to 3.1 million ounces of gold from its 5.07 million ounces of gold resources. The planned annual gold production from these two gold projects is expected to exceed 200,000 ounces.

Supported by comprehensive technical studies, the recoverable resources include ore reserves and economically recoverable portions of mineral resources. For Mt Bundy, having completed its final feasibility study, the recoverable resources are primarily represented as ore reserve estimates. For Cygnet, the recoverable resources are based on mineral resources. The company intends to strengthen recoverable resources through further drilling, testing, and optimization for Cygnet's inaugural ore reserve estimation scheduled for the second half of 2025.