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Indochine Mining Limited

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52 weeks high
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In brief

Indochine Mining Limited (ASX:IDC) is an ASX-listed company, whose flagship asset is the Mt Kare gold-silver project in the highlands of Papua New Guinea (PNG). A major increase in the quality of the resource was recently announced with two substantial high grade zones averaging 5 - 20 g/t gold, with intersections over 100 g/t gold.  The current focus is to extend these high grade zones as they allow for a rapid, low cost underground mining option at significantly reduced capital costs than announced in the company's 2012 Pre-Feasibility Study.