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SYDNEY (Dow Jones)--Australian Mining Investments Ltd. (AUM.AU) is continuing to
negotiate with the regulator over the release of drilling results from its potentially
lucrative Rocklands copper project.
Trading in the company's shares on the Australian Stock Exchange was halted
Wednesday, pending the release of results from recent exploratory drilling at the project
near Cloncurry, Queensland.
The miner says it was unaware of any problems behind the delay of the statement that
was due Monday and continues to await its review by the exchange's independent
geologist ahead of its release.
A spokesman for the ASX couldn't provide a timetable for when the statement would
be released but said it would be "as soon as possible" once it could be ensured
there was "sufficient information out there so the market can be sufficiently
informed to trade."
"We're in discussions with the company over additional disclosure...as we
were yesterday," added the spokesman confirming there were technical issues
involved, as there would be with any exploratory miner.
Investors will be hoping an announcement is made before a shareholders' meeting
0000 GMT Wednesday in Cloncurry.
AUM's share price skyrocketed after drill results released June 29, outlined an
inferred resource of 59 million tons at 2.04% copper equivalent.
From a close of A$1.78 on June 28, the shares touched A$10 on July 5 before trading was
halted. In earl June, the shares were trading around 50 cents.

-By Bill Lindsay, Dow Jones Newswires; 61-2-8235-2956; [email protected]
-Edited by Graham Morgan

(END) Dow Jones Newswires
July 11, 2006 01:49 ET (05:49 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.

Tuesday 11 July 2006 15:49:52:380 AEST