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rns announcement in uk

  1. 346 Posts.
    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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