Platinum Australia to list on AIM

LOCAL platinum junior Platinum Australia (PLA) has announced its intention to list on the Alternative Investment Market of the London Stock Exchange. PLA has completed a fast-track compliance procedure for admission to AIM in the December quarter. PLA managing director John Lewins said the company would retain its Australian Stock Exchange listing and the board believed that a listing on AIM would increase its exposure in the London and European markets, which have traditionally had a strong focus on African resources, and platinum in particular. PLA has commenced a feasibility study on its South African Smokey Hills platinum project and the company believes an AIM listing will benefit it by exposing it to investors and analysts familiar with South African platinum mining."With PLA’s two main South African platinum projects moving into feasibility stage the timing is now right to seek exposure to a wider market," Mr Lewin said.The company’s two largest shareholders, Anglo Pacific (18 per cent) and New Smith Capital Partners (15 per cent) are both based in London.