INTERIM REPORT: PERKOA - AVIABLE MINING VENTUREThe directors of...

INTERIM REPORT: PERKOA - A
VIABLE MINING VENTURE
The directors of AIM Resources Limited (“AIM”) are pleased to announce that it
has provided the Government of Burkina Faso, an Interim Technical Report on the
Perkoa Zinc Project. The report has been has been prepared by AIM’s Technical
Consultants, Snowden Mining Industry Consultants (“Snowden’s”) and submitted to
the Minister of Mines in Burkina Faso, Dr Abdouuaye Cisse.
The report concludes that:
“It is Snowden’s preliminary opinion that the Perkoa project under the
current commodity market scenario represents a viable mining venture that
will enhance local development as well as stimulate economic growth for
Burkina Faso, whilst achieving AIM’s corporate objectives.
“Although the BFS is not yet completed, project design work and costing
justify the timeous application of an exploitation permit to take full advantage
of the strong base metals market. The success of the overall project
implementation depends on the ‘soft start’ in November 2005 with
subsequent construction of the portal in January 2006 followed by the
development of the decline in April 2006.”
This Interim Technical Report has been prepared from the information compiled for
the purposes of the Bankable Feasibility Study (“BFS”), in advance of the reports
from subcontractors and commissioned specialists being finalised. Among these
are assay results from the 16 diamond drill hole program recently completed,
geotechnical test work and an environmental study.
Commenting from Ouagadougou in Burkina Faso, AIM’s Managing Director, Marc
Flory said that “this is another exciting milestone for the company and its
shareholders and justifies my vision one year ago, of building the first Zinc Mine in
West Africa, which is soon to become a reality. Perkoa Zinc represents outstanding
value for all our shareholders and other stakeholders and when developed will be
one of the highest grade Zinc projects in the world”.
ABOUT AIM RESOURCES
AIM is an Australian listed minerals company (ASX:AIM / AIM:AIMR) focused on
growth in shareholder value through the acquisition and responsible development of
major mining ventures in Africa.
AIM is focused on progressing the world class, high grade Perkoa Zinc Project in
Burkina Faso, West Africa. Snowden Mining Consultants are currently in the process
of producing a Bankable Feasibility Study on the Project which contains a JORC
compliant inferred mineral resource of 7.06 million tonnes grading 17.7% Zn.
The Company has updated its corporate website to allow shareholders and potential
investors easy access to company and project information and ASX announcements.
The website is:
www.aimresources.com.au
ASX
Announcement
11 August 2005
“African
Focused
Resource
Company”
AIM RESOURCES LIMITED
A.C.N. 009 193 980
Level 5 Angel Place
123 Pitt Street
Sydney NSW 2000
t 61 2 9222 9444
f 61 2 9222 9477
Website
www.aimresources.com.au
Email
[email protected]
AIM Resources Limited is
listed on the ASX with the
symbol “AIM” and on the
Alternative Investment
Market with the symbol
“AIMR”
Continued…
2
Mr Flory went on to say that the BFS will be completed by next month and “In the next four weeks the assay results,
geotechnical study, logistics study, environmental study and financial model will be released to the market as they come to
hand”.
FURTHER INFORMATION
• Marc Flory – Managing Director Ph: +61 2 9222 9444
• Scott Reid – Director ON Fax: +61 2 9222 9477
• Wayne Kernaghan – Company Secretary
www.aimresources.com.au
AIM RESOURCES STOCK EXCHANGE
A.C.N. 009 193 980 ANNOUNCEMENT