Privately owned Indo Gold Ltd is looking to expand its footprint in India and add value to its existing prospects before undertaking either an ASX or AIM listing. Its primary property is the Jagpura project in Rajasthan, where the Bhukia prospect forms part of the tenement holding. The project area is held in joint venture with an Indian private company, Metals Mining India Pvt Ltd (MMI), which has a 30 percent stake. Indo Gold's Indian subsidiary Indo Gold Mines Pvt Ltd holds the remaining 70 percent. According to Indo Gold managing director Mike Higgins, the AIM does have advantages for the company. "There seems to be a stronger relationship between India and the UK," he said.
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