PanAust Limited explores for gold and copper through its exploration projects in Laos and Thailand. The company is listed on the Australian Stock Exchange and is a member of the SP/ASX200.
PanAust announced that it has commenced ore processing at the Ban Houayxai operation in Laos.
PanAust is targeting annual gold production of approximately 100,000 ounces and 700,000 ounces of silver.
Ramp up of production is expected to be rapid and the current estimate for 2012 production is approximately 85,000 ounces at a cash cost of between US$550 and US$600 per ounce after credits for about 200,000 ounces of silver.