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Company Information for AIM Resources

Company stock charts - 12 Month chart

Exchange AIM; AIMR


View full financial data
Exchange ASX; AIM


View full financial data

Company Statement

AIM Resources Limited (ASX: AIM, LSE: AIMR) is an Australian-based resources company with an exciting portfolio of African assets. Through the successful development of its three assets, Perkoa zinc mine, Mumbwa copper-gold JV with BHP Billiton and Mokapane nickel/platinum project, AIM endeavors to create long-term wealth for its shareholders and stakeholders.


Current Operations

AIM Resources key project is the Perkoa zinc mine in Burkina Faso. The company owns 90% of the high-grade world class emerging zinc mine. Perkoa has a JORC-compliant ore reserve of 6.3 million tonnes at a mine head grade of 14.5% zinc, equating to 907,679 tonnes of contained zinc metal. Processing plant throughput will be 525,000 tonnes per annum in zinc metal production.

In Zambia, AIM Resources has a joint venture with BHP Billiton to explore the Mumbwa copper-gold project. The area is prospective for iron-oxide copper-gold deposits similar to the world class examples of Olympic Dam (South Australia) and Ernest Henry (Queensland). Previous drilling in the mid-late 1990s by BHP-Billiton outlined significant mineralisation in 8 of 9 holes over a strike length of approximately 6km. A drilling campaign in 2007 intersected encouraging copper and gold mineralisation. The company has designed a follow up programme to drill test a large radiometric anomaly in 2008.

In South Africa, AIM Resources owns 74% of the Mokopane Nickel-Platinum project on the northern limb of the Bushveld Igneous Complex, which accounts for some 80% of the platinum resources globally and 67% of global platinum production. Mokopane has a JORC-compliant inferred resource of 39.7 million tonnes grading 0.146% nickel, 0.085% copper, 0.22g/t platinum and 0.33g/t palladium.

African Strategy
AIM Resources African strategy is focused on:

  • Developing the Perkoa Zinc mine.
  • Acquiring base and precious metal projects in West Africa and the Zambian copper belt.
  • Targeting primarily advanced exploration/pre-production projects.
    Seeking to apply Australian mining experience (technical and financial) to projects identified by AIM.

Key points
  • Owns 90% (10% free carried by Berkina Faso government) of the high-grade, world class Perkoa zinc mine in Burkina Faso.
  • Joint venture with BHP Billiton in the Mumbwa copper-gold project in Zambia.
  • Owns +1 million ounce Mokopane PGM equivalent project in South Africa.
    Listed on the Australian Stock Exchange (ASX) and London's Alternative Investment Market (AIM).


Geographical Spread

Burkina Faso with the Perkoa Zinc Project
Zambia with the Mumbwa Copper-Gold Project
South Africa with the Mokopane Nickel-Platinum project    


Board of Directors and Key Management

Victor Bradley Non Exec Chairman
William (Bill) Cash MD(Acting)
Louis MnguniNon Exec Director
Scott Lowe CEO & Executive Director
Chris Brown CFO/Company Secretary

Company Address

Level 2, Suite 201
80 William Street
Sydney, New South Wales, Australia 2011

Telephone:+61 2 9357 9000
Facsimile:+61 2 9332 1336
Email:info[at]aimresources.com.au
Website:http://www.aimresources.com.au

Additional Address/Key Contact

36, rue Guillaume Ouedraogo
Ouagadougou 01 BP 1463
Burkina Faso
Telephone: +226 50 31 66 35
Facsimile: +226 50 31 70 97
info@aimresources.com.au


Annual General Meeting

November

Year End

30 June

Nominated Brokers

Thomas Weisel Partners
United Kingdom

Nominated Advisors

Grant Thornton
United Kingdom

Broker/Analyst Reports

06/12/06 - Lonsec November 2006

Related News

12/08/08 - AIM Resources Deserves The “Most Bad News Of The Year” Award, But Plans Are In Place To Get The Company Back On Track
29/05/08 - AIM Resources Under Surveillance By Google Earth
17/01/08 - AIM Resources Makes Cash King
04/06/07 - AIM Resources May Add Copper Exploration To Its Zinc Mine Development

Most Recent Statement

05/08/08 - Burkina Faso Exploration VTEM Results
31/07/08 - MANAGING DIRECTOR APPOINTMENT
31/07/08 - Quarterly Cash Flow Report
23/07/08 - AIM commences legal proceedings in Supreme Court of NSW
17/07/08 - Perkoa Zinc Mine Put On Care and Maintenance
02/07/08 - AIM and Northsound agree to end litigation

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