SIGNIFICANT ZINC RESULTS PERKOA ► 5.1m at 23.8% Zn ► 14.0m at 18.6% Zn ► 11.0m at 17.5% Zn The directors of AIM Resources Limited (“AIM”) are pleased to announce assays from its recent drilling program at the World Class/High Grade Perkoa Zinc project, Burkina Faso, West Africa. The drill program was part of the Bankable Feasibility Study being performed by Snowden Mining Industry Consultants (“Snowden’s”) which is due to be completed towards the end of September 2005. The letter advising the drill results from Snowden’s is attached, along with a news release. FURTHER INFORMATION • Marc Flory – Managing Director Ph: +61 2 9222 9444 • Scott Reid – Director Fax: +61 2 9222 9477 ASX Announcement 31 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” ABOUT AIM RESOURCES AIM is an Australian and London 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 Industry 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. www.aimresources.com.au MINING INDUSTRY CONSULTANTS Technology House, Greenacres Complex, cnr Victory & Rustenburg Rds, Victory Park, Johannesburg, South Africa PO Box 2613, Parklands, 2121 Telephone (27 11) 782 2379 Facsimile (27 11) 782 2396 E-mail: [email protected] www.snowdenau.com Perth, London, Brisbane, Vancouver, Johannesburg 30 August 2005 The Directors of AIM Resources, Level 5, 123 Pitt Street Sydney NSW 2000 Dear Sirs, PERKOA DRILLING RESULTS As part of the Perkoa Bankable Feasibility Study, a diamond drilling programme was completed for the purpose of: • twinning four selected boreholes from previous drilling campaigns to confirm the position and grade of the mineralised zones; • delineating a measured resource by drilling an additional eight boreholes; and • obtaining geotechnical information from four boreholes to assist in mine design. The drilling campaign took place between April 2005 and June 2005 and resulted in a total of 3,521 metres from 16 boreholes. The four twin boreholes (PS300 to PS303) were drilled as close as possible to four previously drilled holes to confirm lithologies, position of the mineralised zones and the reported metal grades of the mineralisation. These boreholes confirmed the identification of the lithologies and the position of the two mineralised zones. Assays were done on half drill core from samples of the intersected mineralised zones; the remaining half core from these boreholes was sent to South Africa for metallurgical test work to assist in process plant design work. Eight boreholes (PS309 to PS316) were drilled on a closely spaced pattern of 25 m by 25 m for the purpose of deriving a measured resource in a portion of the deposit that is likely to be mined in the SNOWDEN MINING INDUSTRY CONSULTANTS PTY LTD Reg No: 1998/023556/07 30August_Perkoa_drilling.doc Print Date: 30/08/2005 first two years of operation. Previous drilling was conducted at a spacing of approximately 50 m by 50 m. The four geotechnical boreholes (PS305GT to PS308GT) provided structural information for the mine design. Except for the vertical hole, PS308GT, the drill core from these holes was spatially oriented to enable accurate measurement of the structural information, such as faulting and jointing. These holes further provided additional information regarding the lithologies and the position of the mineralised zones. The intersected mineralisation of the boreholes drilled for twinning and resource delineation purposes was sampled. Having analysed the quality control data (assay results from blanks, standards and duplicates) Snowden believes that the accuracy, precision and contamination are within acceptable limits. Snowden has used the results of the 2005 drilling campaign to refine the Footwall and Hangingwall geological models for the Perkoa deposit that were initially created by Billiton. Portions of the drilling that occur within the mineralised envelopes were selected and composited over the intersection length as shown in Table 1 and Table 2. Borehole PS313 did not intersect the Footwall Zone but has confirmed the position where the Footwall Zone has been absorbed by diorite dyke. Borehole PS315 intersected highly weathered sulphides and although the intersection confirmed the position of the Footwall Zone, when assayed the samples did not return any significant Zn or Ag grades. Table 1 Results of the 2005 drilling, Hangingwall Zone. BHID FROM (m) TO (m) LENGTH (m) Zn(%) Ag (g/t) PS301 209 212 3.00 12.86 15.33 PS302 143.8 145.8 2.00 5.85 43.86 PS309 77.06 83.06 6.00 12.60 25.50 PS310 72.4 74.4 2.00 6.34 12.50 Table 2 Results of the 2005 drilling, Footwall Zone. BHID FROM (m) TO (m) LENGTH (m) Zn(%) Ag (g/t) PS300 164.7 176.7 12.00 13.14 26.49 PS301 271.35 285.35 14.00 18.55 14.60 PS302 189.75 213.25 23.50 13.30 9.69 PS303 203 227 24.00 11.11 11.82 PS309 93.33 95.33 2.00 13.03 20.00 PS311 128.61 133.7 5.09 23.78 9.62 PS312 85.3 96.3 11.00 17.52 17.00 PS314 119.98 121.98 2.00 13.14 10.14 PS316 140.45 144.45 4.00 16.49 14.00 SNOWDEN MINING INDUSTRY CONSULTANTS PTY LTD Reg No: 1998/023556/07 30August_Perkoa_drilling.doc Print Date: 30/08/2005 On behalf of: SNOWDEN MINING INDUSTRY CONSULTANTS G M Greenway BSc (Hons) Geology Pr.Sci.Nat, MSAIMM, MGSSA Principal Consultant SNOWDEN MINING INDUSTRY CONSULTANTS PTY LTD Reg No: 1998/023556/07 30August_Perkoa_drilling.doc Print Date: 30/08/2005 issued through FIELD PUBLIC RELATIONS PTY LTD ABN 74 008 222 311 231 South Road, MILE END SA 5031 Ph: 08 8234 9555 Fax: 08 8234 9566 [email protected] N E W S • R E L E A S E • FOR IMMEDIATE RELEASE 31 August 2005 NEW HIGH GRADE ASSAY RESULTS FROM AIM RESOURCES PRE-FEASIBILITY DRILLING PROGRAM AIM Resources Limited (ASX : AIM and London AIM market : AIMR) today released new high grade zinc assays from drilling on its Perkoa zinc project in West Africa. Highlights of the drilling program – undertaken as part of the Company’s current Bankable Feasibility Study – included: • 5.1 metres @ 23.8% Zn • 11.0 metres @ 17.5% Zn • 14.0 metres @ 18.6% Zn The Perkoa Project Bankable Feasibility Study is being performed by Snowden Mining Industry Consultants (“Snowdens”) and is due for completion in the current September quarter. “This latest drilling program has provided further highly encouraging results for this world class, high-grade zinc project,” AIM’s Managing Director, Mr Marc Flory, said today. “The results are another significant step towards final data verification for the existing JORC compliant resource and enable an upgrade in the project’s resource classification to proved and probable,” Mr Flory said. (See attached Snowdens Report) Media Contacts: Marc Flory or Scott Reid John Field AIM Resources Field Public Relations 02-9222 9444 0418 819 527
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