Kin hopes for more ounces at Cardinia

A prefeasibility study (PFS) into the Cardinia gold project, in Western Australia, has estimated that the project could deliver 368 000 oz over a mine life of 8.2 years.

ASX-listed Kin Mining on Friday told shareholders the PFS estimated that a capital injection of A$76.9-million would be required to develop the 1.5-million tonne a year operation, with life-of-mine all in sustaining cost targeted at A$1 442/oz.