Lingbao Gold's Xinjiang Exploration Reveals Major Resource Boost, Reserves Surge to 53.94 Tonnes

Stock News

Aug 07

Lingbao Gold (03330) has announced a significant breakthrough in exploration work at its Xinjiang operations, with measured gold resources climbing sharply from 13.20 tonnes to 53.94 tonnes as of June 30, 2026.

The company's wholly-owned subsidiary, Habahe Huatai Gold Co., Ltd., along with its partially-owned affiliate Habahe County Huayuan Mining Co., Ltd. (in which Lingbao Gold holds an indirect 60% stake), conducted the comprehensive exploration campaign in the Altay Prefecture of Xinjiang. The updated resource estimate, prepared by Beijing SRK Consulting (China) Ltd. in accordance with the 2012 edition of the JORC Code, reflects a substantial increase from the 13.20 tonnes reported in the company's 2025 annual report.

This resource upgrade marks a pivotal step for Lingbao Gold's upstream development strategy, significantly strengthening its mineral asset base in the region.

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