PanAust Limited’s Ban Houayxai Gold Mine Achieves Fifth Certification Under the International Cyanide Management Code

The International Cyanide Management Institute (ICMI) announced today that PanAust Limited’s Ban Houayxai Gold Mine, located in Laos, has been recertified in full compliance under the International Cyanide Management Code (Cyanide Code). This is the Ban Houayxai Gold Mine’s fifth certification under the Cyanide Code.

The Ban Houayxai Gold Mine was pre-operationally certified in January 2012, and was certified in full operational compliance in March 2013, in May 2016, and in July 2019. As required under the Cyanide Code, the mine was again audited against ICMI’s Verification Protocol by an independent professional third-party auditor. ICMI has received and accepted the auditors’ Summary Audit Report and Detailed Audit Findings Report, which found that the Ban Houayxai Gold Mine had maintained full compliance with the Cyanide Code’s Principles and Standards of Practice since its previous certification. The Summary Audit Report and Auditor Credentials Form are available on PanAust Limited’s Signatory Page on the Cyanide Code website. The operation must be re-audited every three years to evaluate continuing compliance with the Cyanide Code.

The Cyanide Code is a voluntary industry program focused on the safe and environmentally responsible management of cyanide by companies producing gold and/or silver and by companies manufacturing, warehousing, and transporting cyanide. The Cyanide Code was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee and is amongst the most established certification programs in the mining sector. The Cyanide Code is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdiction in which the operation is located.

ICMI has been established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process for operations using, producing, and transporting cyanide. A detailed list of the operations covered by signatory companies’ applications, along with the full text of the Cyanide Code and its implementing and administrative documents, are available at www.cyanidecode.org.

Date:
Friday, May 19, 2023