Shen Yao Holdings Limited is a Singapore-based gold mining and exploration company with operations in Australia. The Company, through its wholly owned subsidiary, Golden Point Group Pty Ltd (GPG), operates a gold mine at Ballarat in Australia's Victoria gold belt and owns several tenements around the Ballarat Gold Mine and in nearby goldfields. The Company's wholly owned subsidiary, Golden Point Group Pty Ltd produced 42,697 ounces of gold. It is a gold explorer and producer with five tenements in Australia's historic central Victoria gold belt, collectively covering over 350 square kilometers. It produces approximately 40,000 ounces of gold per year at the underground Ballarat Gold Mine with facilities that include a 600,000 tons per annum processing plant with gravity gold and concentrate recovery circuits. The Company has diversified into fund management.
More about the company