MINISTER APPROVES NEWORDER PLATINUM RIGHTSAIM Resources Limited...

MINISTER APPROVES NEW
ORDER PLATINUM RIGHTS
AIM Resources Limited is pleased to announce that it has received notification
from the Directorate Mineral Regulation: Limpopo Region of the Department of
Minerals and Energy, confirming that the Minister has approved the granting of
an application for a conversion of an old order prospecting right to a prospecting
right in accordance with item 6(2) on Schedule II (Transitional Arrangements) of
the Mineral and Resources Development Act, 2002, for the areas referred to as
the Mokopane Nickel Platinum project.
AIM currently owns 100% of the Mokopane project, comprising 960 hectares of
predominantly open space on the northern outskirts of the Mokopane Township.
The Project comprises five known mineralised areas with 15,330 metres of
exploration drilling having been concentrated mainly on the most southern area.
Snowden Mining Industry Consultants have reviewed the past exploration data
and previous resource estimates and estimated a JORC compliant Inferred
Resource (at a zero cut off grade) of 39.7 million tonnes grading 0.146%
nickel, 0.085% copper, 0.22 grams per tonne platinum and 0.33 grams per
tonne palladium*.
Significant potential exists to extend this resource by undertaking drill testing
extensions of this southern anomaly, conducting deeper drilling on the existing
resource area that has only been drilled to a depth of two hundred metres, and
additional drill testing of the other four anomalies to the north.
Metallurgical test work completed by Mintec in the early 1990’s on a bulk sample
and drill core from the southern anomaly, indicated acceptable recoveries for the
main valuable contained metals.
Mr Marc Flory, AIM’s Managing Director said “We are pleased with the receipt of
ministerial consent for the conversion of the Mokopane project area to new order
rights. This clears the way for AIM to undertake additional exploration work to
extend this exciting project’s resource at a time of historically high Platinum and
Nickel prices”.