Allegiance Mining NL (AGM)

Shares / Stock Code

AGM

Stock Exchange / Sharemarket

ax

Allegiance Mining NL (AGM) is a mineral exploration and nickel mining company. Allegiance's principal focus is on Avebury Nickel Project, Regional Nickel Exploration mainly in the West Coast region of Tasmania and Geothermal Energy Tasmania Holdings Limited. Allegiance Mining NL was listed on the Australian Stock Exchange (ASX) on October 29, 1993. Avebury and Melba flats are its principal projects. The Company has discovered significant nickel deposits at Avebury and Melba Flats. AGM’s Avebury nickel project is situated near Zeehan in the mining province of West Coast, Tasmania, Australia. Avebury has a potential of more than 170,000 tons of nickel in resources. The Company made a three year mining agreement with Barminco Limited in April 16, 2007. Zinifex Australia Limited acquired an 83.59% interest in Allegiance Mining NL as of April 9, 2008.

Allegiance Mining NL is currently focused on constructing the Avebury Nickel Project with the hope of bringing that deposit to production in the second quarter of 2008.

Allegiance Mining NL History

Allegiance Mining NL has been engaged in the exploration, evaluation and development of nickel sulphide deposits in Tasmania since 1997. The company listed on ASX in October 29, 1993.