PMH
From IntFX
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Pacmag Metals Limited, formerly Pacific Magnesium Corporation Limited, is a mineral exploration company. The Company has a service agreement with National Diversified Industries (Aust) Pty Ltd (NDI). NDI provides coordinating and arranging exploration activities, including employment of staff, accounting and secretarial services, provision of furnished and equipped offices, and marketing and promotion activities for the Company. Its wholly owned subsidiaries are Pacific Magnesium Pty Ltd, Southern Magnesium Pty Ltd, Coral Gem Pty Ltd, MIM USA Inc, PM Prospecting Pty Ltd and PM Energy Pty Ltd. Pacmag Metals Limited operates in Australia and the United States. During the fiscal year ended June 30, 2006 (fiscal 2006), it acquired a portfolio of copper-molybdenum-gold projects from Giralia Resources NL. In May 2007, the Company announced sale of PM Prospecting Pty Ltd and its subsidiaries, to Peninsula Minerals Limited.
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