West Perth-based Marengo Mining Ltd has completed the first tranche of a placement, raising $5.5 million to help fund a feasibility study on its 100 per cent-owned copper-molybdenum project in Papua New Guinea.

West Perth-based Marengo Mining Ltd has completed the first tranche of a placement, raising $5.5 million to help fund a feasibility study on its 100 per cent-owned copper-molybdenum project in Papua New Guinea.