aim q report

QUARTERLY ACTIVITIES REVIEW
For the period ended 31 March 2005

► HIGHLIGHTS
AIM RESOURCES ADMITTED TO THE ALTERNATIVE INVESTMENT
MARKET IN LONDON

• Including a placement of 72.5 million fully paid shares, raising £1.45 million.
• Commenced trading on the AIM market in London on 21 March 2005.

FEASABILITY STUDY ON PERKOA ZINC PROJECT ON SCHEDULE FOR
COMPLETION IN JULY

• Snowden Mining Consultants engaged to produce a Bankable Feasibility
Study, which is now well advanced

• DRA engaged for design of process plant and surface infrastructure

• Epoch engaged for environmental, geohydrological and mine residue disposal
studies which have commenced.

• Confirmation and infill drilling of the Resource to enable a status upgrade for
the Bankable Feasibility study is underway.

• Discussions progressing with potential financiers and potential off take parties.


EXCITING RESULTS FROM THE FALCON GRAVITY SURVEY AT
MUMBWA PROJECT IN ZAMBIA

• A total of 23 copper, gold and associated uranium targets identified by the
AIM-BHP Billiton joint venture.

• Anomalous Uranium signatures provides confidence in the Olympic Dam style
mineral deposits.

• Drilling program on the first 12 targets anticipated to commence in the
September 05 quarter.