News: Indochine release PFS and obtain $13.2m fun

Indochine Mining Limited has taken the Mt Kare gold/silver deposit in Papua New Guinea from acquisition to completion of the pre-feasibility study in less than 18 months. The Pre-Feasibility Study was completed in late September, and a summary of PFS was released to the market on the 2nd of October, which demonstrates the viability of a high grade, low strip ratio, open cut gold mine operating for over 8 years, on a conservative group of assumptions.