In August 2008 Golden Rim entered into a strategic alliance with PAL Technology Services LLC (PAL) under the name of Royal Falcon Mining. The objective of this alliance is to jointly acquire, explore, develop and manage major mineral projects. Golden Rim is a public exploration and mining company which has been listed on the Australian Securities Exchange (ASX) for over 20 years (ASX:GMR). Golden Rim currently has around 1,000 shareholders. Its board of directors and senior management team are well reputed in the global mining industry and have a background of success in creating company value. Collectively, the directors of Golden Rim are involved in the management of a number of public mineral resource companies with interests in gold, iron ore, silver, copper, uranium and oil and gas projects in South East Asia, Australia, Africa and South America. The current cumulative market capitalisation of these companies exceeds US $1.5 billion.