50 million dollars raised Roderick does it again. Also a share...

50 million dollars raised Roderick does it again. Also a share placement programme for shareholders. This has to cement PMA and put AXO in an unenviable position. PMA has lots of cash thanks to backers but AXO has yet to get much of either.

I hold lots so read the fine print.

Regards



$50 MILLION CAPITAL RAISING
Precious Metals Australia Limited (“PMA or Company”) is pleased to announce that it has successfully
raised $48.5 million through a placement of 24,871,795 shares at an issue price of $1.95 per share.
Patersons Securities Limited acted as Lead Manager to the share placement which was well
supported by existing shareholders and new investors.
The Company will also make an offer under a Share Purchase Plan (“SPP”) so that all its
shareholders resident in Australia and New Zealand are entitled to purchase up to $5,000 worth of
ordinary shares in the Company at the $1.95 per share placement price. Patersons Securities Limited
has underwritten the SPP to $1.5 million.
The placement which was made to local and overseas institutions and clients of Patersons Securities
was heavily oversubscribed with strong support from both new and existing institutional shareholders
in Australia and overseas.
Details of the issue are:
Placement to Institutional Investors
The placement will be completed in two tranches:
1. Tranche 1 – Placement of 11,328,064 shares at $1.95 to raise $22,089,724.80
2. Tranche 2 – Placement of 13,543,731 shares at $1.95 to raise $26,410,273.45.

The issue of shares proposed under Tranche 2 above will be subject to shareholder approval as
required by the ASX Listing Rules.
Shareholder Purchase Plan
PMA is pleased to provide shareholders an opportunity to participate in the capital raising through the
SPP. The SPP will enable all PMA shareholders resident in Australia and New Zealand to purchase
up to $5,000 worth of ordinary shares in the Company (ranking equally with existing fully paid ordinary
shares) at the placement price of A$1.95 per share, without incurring brokerage or other transaction
costs.

In the event of shareholder demand in excess of the pool of stock available for the SPP (currently
being approximately 13.3 million shares), the Company may elect to accept additional SPP
applications.
Eligible shareholders who are registered as at 5:00pm (Perth time) on 19 December 2006 will be
entitled to participate in the SPP. A letter which sets out the offer under the SPP will be sent to all
eligible shareholders shortly after that date. PMA anticipates closing the SPP on 24 January 2007.
Proceeds from the capital raising will be used for the development of the Company’s Windimurra
vanadium mine and working capital purposes.
Following the completion of this equity raising the company will have cash reserves of approximately
$100m which is a key component in the financing package for the Windimurra project, the construction
of which is expected to commence in the first quarter of 2007.
Yours sincerely
PRECIOUS METALS AUSTRALIA LIMITED