introduction to pmh

PMH: PacMag Metals Ltd: http://www.pacmag.com.au/

101.1 mill shares, 2.1 mill pp shares, 13.8 mill options, Nov 2006 @ 60 cents. Also 44.7 mill options (PMHOA), 31 March 2008 @18 cents. And 6.7 mill Man options, 2010-2012.
Current share price PMH: 54 cents and option PMHOA: 33 cents.

PROJECTS:
1. Ann Mason deposit: Nevada-Copper
4 Oct 2006: INITIAL PACMAG RESOURCE ESTIMATE (JORC COMPLIANT) FOR ANN MASON COPPER-MOLYBDENUM DEPOSIT
http://sa.iguana2.com/cache/b0d9270923b5a4dd319b3a9bc132e633/ASX-PMH-336722.pdf

KEY POINTS: "PacMag's initial Ann Mason resource of 810 million tonnes @ 0.40% copper and 0.004% molybdenum (0.30% copper cut off) contains 64% more copper than previous estimate. • 3.2 million tonnes (7.1 billion pounds) of contained copper metal with an inground value of US$25 billion based on current metal prices".

"The Ann Mason copper deposit compares favourably in size and grade to a number of existing North and South American porphyry copper mining operations such as Teck Cominco's Highland Valley copper mine in Canada, Quadra's Robinson copper mine in Nevada and Phelps Dodge's Arizona copper operations at Cobre-Chino and Morenci.

"Ann Mason is also of a similar size and grade to other publicly reported resources and reserves from deposits under evaluation where detailed feasibility studies are in progress such as at Aur Resources' Andacollo sulphide copper deposit in Chile and bcMetals' Red Chris porphyry copper deposit located in British Columbia (Table 2)".

2. Blue Rose: Copper/Gold/Moly.
27 July 2006: Drilling commenced at Blue Rose copper project (50% owned): Three regional copper and one new uranium target to be tested.
http://sa.iguana2.com/cache/4d3f7235eabacc489ff32372d3c4f866/ASX-PMH-329429.pdf

3. Uranium:
11 Oct 2006: New high grade Uranium zone: Olary joint venture.
http://sa.iguana2.com/cache/de80822dd40ccfdded330bb76487ff82/ASX-PMH-337256.pdf

"The Directors of PacMag Metals Limited ("PacMag") are very pleased to report that recent reconnaissance rock chip sampling from the company's Olary joint venture project in South Australia returned high grade uranium results. PacMag is the manager of the Olary joint venture and may earn up to 75% equity in the project from Giralia Resources NL by the completion of a bankable feasibility study".

"...management is considering opportunities to maximise shareholder value from its portfolio of existing uranium projects.

3 Other:
http://www.pacmag.com.au/projects_overview.6.html#uranium

Gerry
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