Vulcan to dual list on AIM

Just a few weeks after a significant board re-structure, West Perth based Vulcan Resources Ltd has announced its intention to list on London's Alternative Investment Market, with the intention of forging closer and more formal links with European Capital Markets.

The company recently appointed Barry Eldridge as executive chairman, with former chair Alistair Cowden stepping down from that role to become the company's managing director.

Both moves came as a part of the company's preparations for the development of its Kylylahti copper-cobalt project in Finland, which Vulcan predicts will commence in the fourth quarter of 2006.

Mr Cowden said the dual listing would provide a larger market for the company's shares, broaden its shareholdr base and create more fund raising opportunities.

"AIM is a leading global market for mid-tier mining companies and is partuclarly suited to projects close to production and those, like Kylylahti, that are located within the European Union," he said.