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Marengo Mining Limited

11:52 AM EST - Marengo Mining Limited : provided the following update on its Yandera Copper-Molybdenum-Gold Project in Papua New Guinea, following a review of the progress of recent technical work in support of a Feasibility Study in consultation with its major shareholder, The Sentient Group. The Feasibility Study indicates that Yandera has the potential to generate substantial cash flows. However in the absence of a power solution that can support the Project, it is exposed to escalating capital and operating costs. Marengo Mining Limited
shares T.MRN are trading down $0.02 at $0.06.