Indochine Mining Limited

Statistics and Performance

Statistics and Performance

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Company Overview

Company Indochine Mining Limited
Issuer Code IDC
Industry Mining and Exploration
Date Listed  09/06/2013
Exempt Foreign Entity No
Overview

Indochine Mining Limited (ASX:IDC)  (POMSoX: IDC) is a gold development company currently involved in exploration activities in PNG to develop high grade, low cost gold mine at the Mt Kare Gold/Silver project in the highlands of Papua New Guinea (PNG).

The company is focused on near-term, high margin, gold production of c.200,000 oz p.a. at 10 grams/tonne  with cash costs expected to be among the lowest in the industry.

Indochine is initially targeting high grade zones with +1 million ounces of 10 grams/tonne in 2014, expanding the 2.1 million ounce resource.

Preparation for development is well established with Indochine securing key partnerships with mining experts in underground drilling, mining and treatment plants.

Indochine’s personnel have extensive experience and expertise in PNG which has enabled the company to develop broad and deep co-operation with local landowner clans and government with the implementation of the company’s unique ‘Melanesian’ approach. This recently helped the company reach a key milestone with the Landowner Investigation Study completed on site.

The Company has applied for an extension of the exploration licence with a view to completing milestones aimed at decision to mine and an application for a mining lease based on a feasibility study.  A major value uplift is forecast with the decision to mine enabling the company to progress multiple financing options for the construction of the mine.

Internet Address www.indochinemining.com
Registered Office Address C/- Ferrier Hodgson, Level 28, 108 St Georges Terrace,Perth, WA, Australia, 6000
Postal Address N/A
Head Office Number +61 8 9214 1444
Facsimile  +61 8 9214 4100
Share Registry  PNG Registries Limited, Level 2, AON Haus, P.O BOX 1265 Port Moresby, Papua New Guinea
Share Registry Number  +675 321 6377

Key People

Board/ Senior Management

Mr. Craig Dawson Non Exec. Director

Mr. Keith Murray Non Exec. Director

Mr. Ashok Jairath Chief Financial Officer

Company Secretary Mr. Ashok Jairath