THIS RNS CAME OUT AFTER CLOSE OF BUSINESS IN THE UK TONIGHT :- U.K INVESTOR THOUGHT YOU WOULD LIKE TO READ..........
NS Number:9613C
AIM Resources Limited
29 August 2007
AIM RESOURCES LIMITED
("AIM Resources" or "the Company")
29 August 2007
PERKOA ZINC CONCENTRATES
SALES AGREEMENTS
AIM Resources Limited ("AIM Resources") is pleased to announce that a long-term
Sales Agreement, (also referred to as an Offtake Agreement), has been signed
with Votorantim Metais, zinc business unit, for the sale of zinc concentrates
from the Perkoa Zinc Project, Burkina Faso, West Africa.
Votorantim Metais, zinc business unit, a division of The Votorantim Group, is
the world's sixth largest zinc producer and Latin America's leading producer of
refined Special High Grade Zinc metal. Votorantim Metais intends to process
Perkoa zinc concentrates through the Juiz de Fora zinc smelter in Brazil and the
Cajamarquilla zinc smelter in Peru.
Votorantim Metais was selected because of their worldwide reputation in the zinc
business, which includes smelting, sales, and by products. In addition, the
clean, high-grade zinc concentrates from Perkoa are in strong demand as it
provides an attractive feed for zinc smelters.
This partnership will provide the Perkoa Project with a secure, long-term market
for approximately one-third of the zinc concentrate produced. This Sales
Agreement is an ongoing contract built around an initial five year sales term.
In addition, Letters of Intent, which set out the framework and commercial terms
incorporated into the Sales Agreements, have also been signed with two other
zinc smelting companies. AIM Resources is in advanced stages of negotiation with
these companies, and expects to have further Sales Agreements signed in the near
future.
Marc Flory, Managing Director, said "Selecting our concentrate sales partners is
a key step in the development of the Perkoa Zinc mine."
"I am delighted to have world renowned companies, such as the Votorantim Group
as our long term partners. Their participation as buyers of our zinc concentrate
will ensure the best possible marketing outcomes for the Perkoa Zinc Project."
"We are systematically working towards developing the Perkoa Zinc Project in a
manner which achieves the best outcomes for our shareholders and the people of
Burkina Faso."
About Votorantim Group
The Votorantim Group is one of the largest private business conglomerates in
Latin America, with net revenue of US$13.3 billion in 2006. The Group's
divisions are market leaders or have outstanding participation in the production
of cement, cellulose, paper, aluminium, zinc, nickel, long steel, chemicals and
orange juice. It also has a strong participation in the financial industry
through Banco Votorantim.
About Perkoa Zinc Project
The Perkoa Zinc Project is located in the Sanguie Province of Burkina Faso,
120km west of the capital Ouagadougou.
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.
A simple processing facility comprises a crushing circuit followed by dense
media separation, milling and flotation, will produce up to 132,000 tonnes of
zinc concentrates per annum of relatively clean concentrate, grading 53% zinc
over a 12 year mine life.
Should you require further information please contact:
Marc Flory
Managing Director
+ 61 2 9357 9000
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