AIM Resources Going Full Steam On Perkoa Zinc Project.
By Rob Davies
High and rising metal prices provide increasing incentives for miners to fast track development of new mines in order to lock in additional revenue that may not be available in a few years time. That is what the market is all about and AIM Resources provides a perfect demonstration. Scott Reid, Executive Director, described how this Australian company, which is also listed on AIM, was fortunate enough to acquire the Perkoa zinc property in Burkina Faso from BHP Billiton in January 2005 for a US$1million when the zinc price was about US$1,100/ tonne. Its subsequent massive run has seen the metal triple in price transforming the economics of this high grade, but small deposit. A mine with a reserve of 6.3 million tonnes was never going to make a difference to a company the size of BHP Billiton even if the grade is 14.5% zinc. .. more ..
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