The Naruo porphyry copper-gold deposit (hereinafter referred to as the Naruo deposit) in Tibet is a potentially ultra-large, typical gold-rich porphyry copper deposit, which was recently discovered in the Bangongco-Nujiang metallogenic belt. This study analyzed U-Pb chronology and Hf isotopes of the ore-bearing granodiorite porphyry in the Naruo deposit using the LA-ICPMS dating technique. The results show that the weighted average age is 124.03±0.94Ma (MSWD=1.7, n=20), and 206Pb/238U isochron age is 126.2±2.7 Ma (MSWD=1.02, n=20), both of which are within the error. The weighted average age represents the crystallization age of the granodiorite porphyry, which indicates that the ore-bearing porphyry in the Naruo deposit area was formed in the Early Cretaceous and further implies that the Neo-tethys Ocean had not been closed before 124 Ma under a typical island-arc subduction environment. The εHf(t) of zircons from the granodiorite porphyry varies from 2.14 to 9.07, with an average of 5.18, and all zircons have εHf(t) values greater than 0; 176Hf/177Hf ratio is relatively high (0.282725–0.282986). Combined with the zircon age―Hf isotope correlation diagram, the aforementioned data indicate that the source reservoir might be a region that is mixed with depleted mantle and ancient crust, which possibly contains more materials sourced from depleted mantle. Rock-forming ages and ore-forming ages of the Duolong ore concentrate area are 120–124 Ma and 118–119 Ma, respectively, which indicate 124–118 Ma represents the main rock-forming and ore-forming stage within the area. The Naruo deposit is located in the north of the Bangongco-Nujiang suture, and it yielded a zircon LA-ICPMS age of 124.03 Ma. This indicates the Bangongco-Nujiang oceanic basin subducted towards the north at about 124 Ma, and the Neo-tethys Ocean had not been closed before the middle Early Cretaceous. It is possible that the crust-mantle mixing formed the series of large and giant porphyry copper-gold deposits in the Bangongco.