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Austindo's BFS completed

AUSTINDO Resources has completed a bankable feasibility study at its Cibaliung gold project in Indonesia and said it could move into production in early 2006 at a development cost of US$34 million, around 10% higher than previously estimated.

Rebecca Keenan
Austindo's BFS completed

The study has confirmed a six-year project with production of 220,000 tonnes per annum using a conventional CIL processing plant. Annual production would be about 70,000 ounces gold equivalent based on...

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