Avalon Minerals Ltd (ASX:AVI) listed in March 2007 with the aim of building a diversified resource mining group based on cash flows from producing operations. The primary strategy to achieve this goal is the acquisition of advanced resource projects with the potential for early cash flow. In March 2008, this strategy was set in motion when Avalon acquired two advanced Copper Projects in Northern Sweden - the Viscaria and Adak Projects. Avalon aims to become a copper producer within the next two years and has committed to a program of work designed to establish a low capital cost, early cashflow start-up project at Viscaria.
