Shen Yao Holdings Limited., formerly LionGold Corp Ltd, is a Singapore-based investment holding company. The Company operates in one business segment, gold mining. The Company, through its subsidiary Castlemaine Goldfields Pty Ltd, operates a gold mine at Ballarat in Australia's Victoria gold belt and owns several tenements around the Ballarat Gold Project and in nearby goldfields. Castlemaine Goldfields Pty Ltd produces approximately 42,697 ounces of gold. Its subsidiary, Signature Metals Limited, holds interests in the Konongo gold project in Ghana. Its subsidiaries include Castlemaine Goldfi elds Pty Ltd, Shen Yao International Holding Pty Ltd, Shen Yao Investments Pte. Ltd and Think Power Pte. Ltd. The Company is also engaged in investments and fund management.