uranium, page-6

I have found a connection for AIM AND uranium the connection is with BHP involvement, so their could be a good uranium potential.....early days though.
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Key Points

Owns 100% of the high grade, World Class Perkoa Zinc Project (7.06 million tonnes grading 17.7% Zn) in Burkina Faso
Joint venture with BHPBilliton in major Copper-Gold Project in Zambia, where 12 priority exploration targets have been identified.
Owns +1 million ounce Mokopane PGM Project in South Africa.
Listed on the London Alternative Investment Market (AIM) on 21 March 2005.
Owns 10.2% of Discovery Nickel Ltd (ASX: DNL) from asset spin-off.

Background

AIM is focused on creating growth in shareholder value through the acquisition and responsible development of major mining ventures in Africa.

In January 2005, AIM exercised an option with BHP Billiton Development BV and Metorex Limited (a South African listed company) to purchase 100% Metorex Burkina Faso BV, the owner of the high grade World Class Perkoa Zinc Project in Burkina Faso, West Africa. The project has a JORC compliant. Inferred Resource of 7.06 million tonnes grading 17.7% Zn (at a 10% Zn cut off). This Resource highlights the project's potential (see comparison with other ASX listed Zinc producers/explorers) for near-term production, post completion of a bankable feasibility study.

In Zambia, AIM has a JV with BHPBilliton to explore the Mumbwa Copper-Gold Project. The area is prospective for iron-oxide copper-gold deposits similar to the world class examples of Olympic Dam (South Australia) and Ernest Henry(Queensland). Previous drilling in the mid-late 1990s by BHP-Billiton outlined significant mineralisation in 8 of 9 holes over a strike length of approximately 6 km, but may have fallen short of the main targets indicated by geophysical surveys. A Falcon TM airborne gravity survey of some 8,725km was completed in November 2004 over key target areas.

A total of 23 copper, gold and associated uranium targets have been identified by the AIM-BHP Billiton joint venture. The finding of anomalous uranium signatures provides confidence in the Olympic Dam style mineral deposit exploration program. A drilling program on the first 12 targets is currently being discussed.

In South Africa, AIM owns the Mokopane PGM Project on the northern limb of the Bushveld Igneous Complex ("BIC") in South Africa. The BIC is the world's premier environment for PGE deposits, accounting for 80% of the known resources and 67%of the annual global production of platinum. The vast complex is comprised of four areas or limbs, in which three main PGE-bearing horizons occur: the Merensky Reef, the UG2 Reef and the Platreef. Most PGE production from the BIC to date has been from underground operations on the Merensky and UG2 reefs.

AIM's African Strategy

The company has strong shareholder support for developing the Company into a mid-sized mining house within five years through the acquisition and responsible development of mining ventures in Africa. Each of the major projects in which AIM is involved has the capability of achieving this goal.

Based on the collective skills and experience of the strengthened management, AIM has embarked on an African mineral development strategy.AIM's African strategy is focused on:

Seeking Base Metal and Precious Metal projects in West Africa and the Zambian Copper Belt.
Targeting mainly advanced exploration/pre-production projects, and also existing operations where there is perceived opportunity to add value through overhauling existing operations and/or injecting other complimentary assets.
Seeking to apply Australian mining experience (technical and financial) to projects identified by AIM.