This has the potential to go alot higher than the 3p I`ve just bought 300,000 I will give more info when out of meeting at 2. It is in partnership with some very big players and was hugely over subscribed.

I`ve put my money where my mouth is.......and my head on the block.

Gud luck today.

Hi all...Aim Resources admitted to market 21/3/05 supplimenting Australia Stock market listing gained in 87.
Placing 65.5m shares @2p each over 3 times subscribed.
Goal is to develop into a mid sized mining co.within 5 years by acquisition of various mining ventures in Africa.

4 main projects Burkina Faso, South Africa x2 ,Zambia. mining of copper,gold, zinc and platinum.

The most advanced holding is the Perkoa zinc `world class project` in Burkina Faso, which was aquired from BHP BILLINGON in Jan 05 for US$1.1m. BHP gained a holding of 10.5m (2.1%) of Aim Resouses during the transaction.

According to various independent consultants and the London Metal Exchange the underground value of zinc and silver at Burkina Faso is over US$1.7billion.

Elsewhere, Aim Res` has 2 projects @ Bushveld, Soush Africa. Snowden independent consultants, have placed a valuation of A$18.5m on this project and this is low due to light drilling at present.

I will report on any new news.

Nice bit of press in shares mag` saying that they are close to signing off zinc contracts.

Looks good - I tried HSBC but could not trade - EPIC not yet recognised !! No time for the labour of telephoning - good luck - will take a look next Tuesday

1sharecrazy,

please keep the news coming, looks interesting!!!

zinc is in short supply so price will probably rise...

Heres the ICs 10/02/06 comment:
AIM Resources (AR) recently announced the completion of a feasibility study on its key Perkoa zinc project in Burkina Faso. The study was conducted by well-regarded Australian consultancy Snowden, and showed that Perkoa contains 6.3rn tonnes of ore grading nearly 14.5 per cent zinc. That's an impressive grade, and means that operating costs per tonne of ore should be a modest $53.50.
So, in the face of current, record high zinc prices, it's not surprising that AR's shares have risen strongly in the past few weeks. And with broker Seymour Pierce putting the net present value (NPV) of Perkoa at 85.4m, or 16.7p a share using a 10 per cent discount rate, there's considerable scope for further gains. In fact, as well as Perkoa, the company has other assets across Africa and a 7.6 per cent investment in Australian-quoted Discovery Nickel.With the feasibility study in place, AR can now put together the finance for Perkoa. Barclays Capital, one of the world's leading debt-finance providers for small mining projects, is on board, while Seymour Pierce will help with any equity component. At this stage, it's estimated that it will require $72.5m (41.2m) to get Perkoa into production.According to the feasibility study, the project is set to generate revenues in excess of $1.3bn over a 14-year mine life, using a zinc price of $1,815 per tonne. That's a relatively high assumption for the long-term zinc price, and may account for some of the gap between the 16.7p NPV and the company's share price. But with a financing deal expected this quarter, project development likely to start in months and first production due in mid-2007, AR should be able to sell into strength for several years yet.
Under the feasibility study, it will only take two years to pay off project costs, so AR can then focus cash flow on its other projects. By then, a copper-gold joint venture with BHP Billiton may also be gathering steam. Buy.

RNS 2 March 2006

PERKOA MINE MANAGER APPOINTED

AIM Resources Limited is pleased to announce the appointment of Mr Vic
Fitzmaurice as Mine Manager for our Perkoa Zinc project in Burkina Faso.

Vic completed his BSc Eng. (Mining) and a Graduate Diploma in Engineering
(Mineral Economics) at the University of the Witwatersrand in Johannesburg,
South Africa. He has a great deal of experience in the African mining sector,
having held positions with Gencor, De Beers, and most recently with Aquarius
Platinum, as Mine Manager at their Kroondal Platinum Mine in South Africa.

This appointment continues the rapid progress achieved by AIM Resources Limited
in developing the Perkoa Zinc Project. Mr Marc Flory, AIM Resources' Managing
Director said 'The appointment of Vic to our team in Burkina Faso adds a wealth
of skills and experience to the company. Together with the extensive experience
of Mr Adama Barry, AIM Resources' Country Manager, we now have a first class
project management team in place to continue the fast track development of
Perkoa.'

This appointment is effective immediately and Vic has recently been on site to
review the project and make arrangements to formally commence his role.

Anybody any comments on these???

The stock has price risen strongly following the placement on March 8. Buyers/Sellers about equal today but the high 6.0p bid price maintained at the close. Here's the March 8 RNS item in case you missed it:

AIM RESOURCES RAISES A$5.6 MILLION FROM UK INVESTORS

The directors are pleased to advise that they have placed, through their London
based stockbroker, Seymour Pierce, a total of 60,000,000 fully paid ordinary
shares at an issue price of 4 pence per share to UK based institutions and fund
managers to raise GBP 2,400,000 (AUD$5.6 million at an exchange rate of 0.4225)
('Placement Shares').

The Placement Shares will be allotted and issued to applicants following receipt
and clearance of their subscription monies pursuant to the Company's 15%
facility.

Company Managing Director, Marc Flory commented 'I am very happy with the
positive response and interest shown in Perkoa by the UK investment
institutions. This raising enables us to progress Perkoa Zinc and to drill our
prospective Mumbwa Project which is a copper/gold joint venture with BHP
Billiton'.

Application will be made for the Placement Shares to be admitted to trading on
AIM and ASX and dealings are expected to commence on 13 March 2006.


About AIM Resources

The Company's primary focus is on its world class, high grade Perkoa Zinc
Project.

Perkoa Zinc Project Background

Reserve (proved and probable) 6.27 million tonnes @ 14.5% Zn = 907,679t
Represents over US$2 billion in ground metal value at US$2,200/tonne
Establishment Capital Cost: US$72.5 million
US$ Cash OPEX 18 cents/lb to mine gate: US$53.5/tonne
Life of Mine: 14 years
Project NPV @10%: US$147.7 million
Project NPV per issued share: A$0.38
IRR: 43.5%
Annual revenue two years out forecast at US$100 million
Simple treatment process: Crushing, Dense Media Separation, Floatation
ROM Plant Treatment 500,000 tonnes/annum
Producing 116,000t (avg) in concentrate/annum at 53% Zn - clean concentrate
93% recovery
Total cash OPEX US$102 per tonne ROM ore to port

look like a great long term investment

Agreed, very tempted

got at 2.6p and still buying loks like a gfm

AIM RESOURCES LTD ('AIM Resources')

21 March 2006

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 Resources 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 Resources' 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 Resources to undertake
additional exploration work to extend this exciting project's resource at a time
of historically high Platinum and Nickel prices'.

Today's quarterly report on the RNS compares Perkoa figures based on the current zinc price and with that when the BFS was carried out - revenue increases from $1.3bn to $2.4bn. The $1.3bn figure was used to calculate an NPV sp of 16.7p. See jmacroesus - 01 Mar 2006 13:37 above.

Sharp rise in the sp to 6.75/7.25 this morning following the recent quarterly report and todays details on the drilling program in Zambia (Mumwba Copper-Gold Project) . The quarterly report revalues the Perkoa Zinc project on the basis of the current Zinc price (amounts to an increase in the NPV for the project from US$147.7m to US$404.8m equivalent to an increase in the value per share from 16.7p to around 40p). Additionally the company has recently renewed prospecting rights in South Africa (Mokopane Nickel-Platinum Project).

MAJOR DRILLING PROGRAM TO START ON MUMBWA IRON OXIDE COPPER-GOLD PROJECT

Highlights

Major Mumbwa exploration program starting with target verification and
over 5,500m of diamond drilling planned to start in May 2006.
In depth 3D Geophysical Interpretation of FalconTM data highlights high
priority drilling targets including a strong uranium anomaly associated
with a major north-south structure.
Drilling will focus initially on the Kitumba region. 8 of 9 holes
drilled by BHP Billiton in the mid-late 1990s encountered significant
mineralisation (including 60m @ 0.6% copper and 0.11 g/t gold) over a
strike length of approximately 6 km, but this tested areas peripheral to
the targets indicated by the recently acquired FalconTM data (see Table 1).
The Mumbwa Project lies within a known mineralised iron oxide
copper-gold (IOCG) terrain in west central Zambia covering nearly 5,200 km2
and containing numerous prospects.
AIM is earning a 70% interest from BHP Billiton and is budgeting to
spend US$1.2m over the next 6 months.

This one is starting to look like a no-brainer

Agreed - the next key event in relation to Perkoa should be the finalisation of negotiations with financiers/zinc concentrate offtakers 'by June 2006'.

(Metal Bulletin) It won't be mined till '07, but Aim swamped with offers for zinc.

By Natalia Kassakovich, Wednesday, May 10 2006.

London, May 10 (Metal Bulletin) -- The first zinc concentrate from the Aim Resources Perkoa project in Burkina Faso may not be mined before the end of next year but the company is already swamped with offers from potential offtake partners, according to a senior executive at the company.
" There is a ton of interest for the material, many want to get involved. Some companies are offering funding for the project in return for concentrate," Marc Flory, Aim Resources md, told MB.
With Mitsui, Korea Zinc, Boliden, Xstrata and many others hoping to lay hands on the concentrate in an increasingly tight market, Aim Resources can afford to be picky, he claimed.
"Anyone would buy concentrate at the moment. You can get a very good price pretty much anywhere. But our primary targets are Spain, Brazil and Russia, largely due to their location," Flory said.
The company's board and management will be reviewing the financing and concentrate offtake proposals this month with a view to finalising negotiations by June. It is likely to pick between two and four partners among traders and smelters, Flory said.
The zinc price at the London Metal Exchange recorded an all-time high earlier this month, trading close to $3,500 per tonne, having more than doubled since May last year. With fundamentals holding strong, there is nothing to prevent it from going to $5,000 per tonne within the next six months, Flory suggested. Whether such a level is sustainable for long is a different matter, but " I'd rather (the price) fell from $5,000 than $1,000 per tonne," he said.
" In contrast to copper, the zinc price on the LME has been rising on pure fundamentals so it is quite healthy. Do I see anything left on the side? Absolutely!" he said. Soaring demand from eastern Asia and China in particular has driven the zinc price higher but production hitches have also played a big part.
" The last proper zinc smelter was built in Australia around five or six years ago. There are not enough mining specialists; we lack machinery; environmental control in Europe is becoming more and more stringent. All this prevents miners from getting production on line," he said. " You can wait for a simple thing like tires for a year or two." Once production is forced offline, getting it back in operation is next to impossible as it costs around $500 million to re-open a smelter, he said.
Aim Resources plans to spend around $80 - 90 million on its zinc project in Burkina Faso. Investment will come from the equity market; loans against offtake from smelters and traders; and debt financing.
The deposit is believed to hold 6.72 million tonnes of concentrate, equating to over 900,000 tonnes of contained zinc metal. It is about to appoint an engineer and start some " soft construction " on the site, with first concentrate to be mined by the end of 2007, according to Flory. Two alternative routes have been reviewed for the future deliveries - the rail line passing through the neighbouring country of Cote D'Ivoire to the Port of Abidjan and the road transport alternatives passing through Ghana to port facilities at Tema. Aim Resources is listed in London and Australia and has market capitalisation of around A$100 million ($77 million).

AIM Resources Limited ('the Company')

18 May 2006

Director acquires shares

The Company was informed today that Mr Marc Flory the Managing Director today
acquired a total of 650,000 ordinary shares via an on market trade at A$0.15 per
share for a total consideration of A$97,500. This purchase brings Mr Flory's
interested holding in the Company to 1,900,000 Ordinary shares, representing
0.32% of the issued share capital of the Company.

Another 'Buy' in today's IC tip updates.

23 May 2006


AIM Resources Ltd ('the Company')

Holding in Company

The Company became aware on 23 May 2006 that Mr Simon Nicholas Jones has
purchased on market a total of 19,368,158 ordinary shares (3.29%) of the Company
to become a significant shareholder.

AIM Resources Limited ('the Company')

26 May 2006

Director acquires shares

The Company was informed today that on 24 May 2006 Mr Chris Innis acquired a
total of 300,000 ordinary shares via an on market trade at 6 pence per share for
a total consideration of 18,000. This purchase brings Mr Innis's interested
holding in the Company to 1,600,000 Ordinary shares, representing 0.27% of the
issued share capital of the Company.

The 16 Dec 2005 Perkoa Feasibility Study, based on zinc at US$1815.50/tonne or US$0.8235/lb, gave a Net Present Value for the project equivalent to 16.7p per share.


The 28 April 2006 Quarterly Activities Review revalued the project on the basis of the 25 April 2006 zinc price of US$3,359.50/tonne or US$1.5239/lb and gave an NPV equivalent to about 40p/share.

AIM Resources Limited ('the Company')

30 May 2006

Director acquires shares

The Company was informed on 29 May 2006 that Mr Scott Reid acquired a total of
250,000 ordinary shares on 29 May 2006 via an on market trade at A$0.16 per
share for a total consideration of A$40,000. This purchase brings Mr Reid's
interested holding in the Company to 2,250,000 Ordinary shares, representing
0.38% of the issued share capital of the Company.

More on IC's 19/05 tip update.
Reiterated 'Buy' based on expectation of strong year for zinc in 2007 and broker forecast that 'production from Perkoa will deliver profits of A$99.7m in 2008 generating a dividend of 1.5 cents (Aus)' - equivalent to a yield of more than 8% on a share price of 7.5p.

The following transaction takes Flory's holding from 0.32% to 0.65% of the issued capital:

7 June 2006

AIM Resources Limited ("AIM Resources" or "the Company")

Issue of Securities & Change in Director's Interest

AIM Resources announces the issue of new ordinary shares as follows.

On 7 June 2006 the Company has issued and allotted 8,500,000 new ordinary
shares, following the exercise of options. The exercise price for these options
is A$0.10 per share.

Mr Flory, the Managing Director, exercised 6,000,000 of these options for a
total consideration of A$600,000. On 7 June 2006 Mr Flory also sold off market
4,000,000 shares for a total consideration of $600,000.

This transaction brings Mr Flory's interested holding in the Company to
3,900,000 ordinary shares, representing 0.65% of the issued capital of the
Company.

Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 602,464,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 13
June 2006.

From the other side......

A Zinc Mine Close to Production & New Olympic Dam?

By Stephen Clayson
25 Jun 2006 at 07:40 PM EDT


LONDON (ResourceInvestor.com) -- AIM Resources [AIM:AIMR] is determinedly driving towards production with its Perkoa zinc project in Burkina Faso, while becoming more and more pleased with Mumbwa, its main exploration project.

AIMR expects that the Perkoa project will require $70-80m to bring into production, and the company is currently fine tuning its plans for raising this money and negotiating with potential off-takers, banks and institutional investors. The company has been speaking with some major names in the zinc smelting business regarding off-take agreements, and the market should not be surprised if news on this matter emerges soon.




In fact, the same goes for the arrangement of debt finance and the necessary placing of equity, even if the present turmoil in the equity markets may have complicated the latter somewhat.

A bankable feasibility study on the Perkoa project was completed in December and came to a positive conclusion, with 0.5 million tonnes of ore per annum figured to be mined over a 14 year project life.

AIMR is ready to move on the ordering of project items that require long lead times for procurement, being conscious of the need these days to get orders for such things in early so as to avoid delays later.

Although Perkoa amply underpins AIMR as an investment proposition, the Mumbwa copper-gold exploration project in Zambia offers investors a shot at blue sky. Indeed, AIMR?s Managing Director Marc Flory doesn?t hesitate to describe Mumbwa as perhaps comparable to the monumentally large Olympic Dam deposit in Australia.

If this turned out to be the case, it would obviously be a major event for AIMR, and maybe even for the junior mining sector as a whole. AIMR is earning into a majority stake in Mumbwa from BHP Billiton, and this could one day lead to a takeover of the former by the latter. Nothing is certain yet, but at the moment, Mumbwa looks like one of Africa?s most exciting exploration projects.

AIMR also has a PGM project in South Africa, Mokopane, but is unsure as yet whether to take this forward within the company. The project is not a bad one, but AIMR is hesitant about putting big money into the arguably rather trying South African operating environment when there are more attractive alternatives at hand.

Mokopane has a 1.1 million ounce platinum equivalent resource in place, and AIMR believes that at least 3 million ounces might be attainable with more work. The deposit would likely be suitable for open pit mining, and this might help draw in a joint venture partner or outright purchaser, which Flory indicates is probably the way things will play out.

Investment Outlook

After topping 8p last month ago, shares in AIMR have slid back along with the rest of the market, and now trade at around 5p. But with production at Perkoa drawing steadily nearer and the potential for some really attention grabbing exploration results from Mumbwa, it seems like only a matter of time before AIMR shares perk up.

Positive article although doubt that the comments on Mumbwa are based on drilling which can only have started very recently. As far as Perkoa is concerned an important element will be the dilution resulting from whatever debt/equity ratio is used to finance it.
According to my calculations AIM still has around 6m A$0.1 options outstanding which are excercisable by 30 June 2006.

Make that 5m.....

AIM Resources announces the issue of new ordinary shares as follows.

On 27 June 2006 the Company has issued and allotted 1,000,000 new ordinary
shares, following the exercise of options. The exercise price for 1,000,000
options is A$0.10 per share.

Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 606,214,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 3
July 2006.

3m....

On 28 June 2006 the Company has issued and allotted 2,000,000 new ordinary
shares, following the exercise of options. The exercise price for the 2,000,000
options is A$0.10 per share.

Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 608,214,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 4
July 2006.

Reiterated 'buy' on 27 June from AIMR's brokers Seymour Pierce. They are handling the equity component of Perkoa financing.

This takes Flory's holding from 0.65% to 0.96% of the issued capital:

29 June 2006

AIM Resources Limited ('AIM Resources' or 'the Company')

Issue of Securities & Change in Director's Interest

AIM Resources announces the issue of new ordinary shares as follows.

On 29 June 2006 the Company has issued and allotted 5,000,000 new ordinary
shares, following the exercise of options. The exercise price for 1,000,000
options is A$0.10 per share. The exercise price for 4,000,000 options is A$0.06.

Mr Flory, the Managing Director, exercised 2,000,000 of these options for a
total consideration of A$120,000.

This transaction brings Mr Flory's interested holding in the Company to
5,900,000 ordinary shares, representing 0.96% of the issued capital of the
Company.

Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 613,214,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 5
July 2006.

Aim Newsletter June 2006

Thank you for your interest in AIM Resources Ltd. The company is currently in the process of finalising the financing and development of its flag ship Perkoa zinc project in Burkina Faso and has a substantial drilling program underway at the Mumbwa Project in Zambia.

Given your interest in the resources market, we have taken the opportunity to let you know of a new gold focused resources company planning to list on the ASX at the end of July 2006.

Gulf Resources Ltd is an independent company but shares some common board members with AIM Resources Ltd. Importantly, Gulf Resources shares a similar exploration and development philosophy, but will focus exclusively on gold exploration and project acquisition opportunities.

If you would like the opportunity to participate in the Gulf Resources Ltd Initial Public Offering or find out more information on the companys properties and strategy, you can download a copy of the prospectus at the Gulf Resources website (www.gulfresources.com.au). Alternatively you can contact us via email (info@gulfresources.com.au) or telephone (02) 9222 1888, providing your address, and we will post you a printed copy of the prospectus.

Thank you for your interest in AIM Resources and I look forward to you subscribing to the new gold focused ASX float, Gulf Resources Ltd.

Yours faithfully

Scott Reid
Chairman
Gulf Resources Ltd

All the $0.10 options exercisable by 30 June have now been exercised:

30 June 2006

AIM Resources Limited ('AIM Resources' or 'the Company')

Change in Director's Interest & Issue of Securities

The Company was informed on 30 June 2006 that Mr Mnguni, Non-executive Director
of the Company, sold 2,000,000 unlisted options with an exercise price of A$0.10
on 30 June 2006 for a total consideration of A$14,000.

Following this transaction, Mr Mnguni has no interest in the ordinary share
capital or other securities of the Company.

On 30 June 2006 the Company has issued and allotted 2,000,000 new ordinary
shares, following the exercise of options. The exercise price for the
2,000,000 options is A$0.10 per share.

Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 615,214,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 6
July 2006.

26 June 2006
Australia's ABARE: Zinc prices may keep rising next year

Source: Dow Jones -

Zinc prices are expected to surge 17% in 2007, adding to a forecast more than doubling this year as growth in global mine output continues to fail to match demand, Australia's government commodities forecaster said Monday.

Zinc is forecast to average US$3,500 a metric ton (US$1.587/lb) in 2007, up from US$3,000 in 2006 and US$1,382 a ton last year, the Australian Bureau of Agricultural and Resource Economics, or ABARE, said in its June quarter report. Spot zinc closed at US$2,940 a ton in London Friday.

"The rise in prices so far this year reflects a market characterized by slow growth in zinc mine supply, concerns over supply disruptions, strong global demand for zinc and low and steadily declining zinc stocks," ABARE said.

"Compounding these effects has been an increase in targeting of base metals such as zinc by investment funds and financial speculators," ABARE said.

A strengthening of world economic growth is expected to drive demand for galvanized steel, zinc's main use, in the construction and automotive industries in 2006 and 2007, ABARE said.

World production is expected to grow to 10.7 million metric tons this year, up from 10.3 million tons in 2005. A further rise in output to 11.2 million tons is forecast for 2007.

The gains aren't expected to be enough to cope with demand though, ABARE said.

World consumption is expected to rise to 11.1 million tons in 2006 and again to 11.4 million tons next year.

AIM Resources has announced the appointment of DRA Mineral Projects as EPC Manager for the Perkoa Zinc Project and also released its June 2006 Quarterly Report.

These releases are available on www.aimresources.com.au or on the links below:

Appointment of DRA Mineral Projects:
http://www.aimresources.com.au/pdfs/asx_ann_27jul06.pdf


June 2006 Quarterly Report:
http://www.aimresources.com.au/pdfs/aim_quarterly_report_jun2006.pdf

Byrnecut Mining Pty Ltd appointed as managing contractor for the construction and mining of the underground mine at the Perkoa Zinc Project.

Byrnecut is the largest underground mining contractor in Australia, is currently engaged in several zinc mining operations and has successfully completed similar projects in Australia, Africa and Europe.

For more information:

http://www.aimresources.com.au/pdfs/aim_asx_ann_03aug06.pdf

AIM RESOURCES

MAJOR HOLDERS

ANZ NOMINEES LTD...................31 191 334.....................6.03%

JP MORGAN SECURITIES LTD........20 000 000.................3.97%

PERSHING KEEN NOMINEES..........18 650 000..................

SIMON NICHOLAS JONES.............19 368 158..................

Only, god knows why these above want a piece of this, are they little fish lovers like myself? lol best luck

BY THE WAY, DOES ANYONE KNOW MR SIMON NICHOLAS JONES?

Hmmm can't paste for some reason...anyway Aimr mine start has been brought forward by 12months to mid 2006 see todays RNS
Di

AIM RESOURCES LTD ('AIM Resources')

Thursday 7 September 2006

MINING CHANGE TO ALLOW EARLIER START
FOR AIM RESOURCES' AFRICAN ZINC MINE

AIM Resources expects to reduce by up to 12 months, the expected start-up time
and move to full production for its flagship Perkoa zinc project in Africa.

The 500,000 tonne per annum zinc mine - in the Sanguie Province of Burkina Faso,
120 kilometres west of the capital, Ouagadougou - is now expected to commence
mining mid next year.

Addressing the Paydirt Media 2006 Africa Downunder Conference in Perth today,
AIM Resources Managing Director, Mr Marc Flory, said the reduction in time to
full production had been achieved through adopting a new mining method in
consultation with the recently appointed engineering, procurement and
construction manager, DRA Mineral Projects.

'The most influential factor was a decision to put in larger box cuts to 25
metres width as opposed to the original 10 metre section proposal,' Mr Flory
said.

'We were aiming for a 2008 start but this decision will allow that to be brought
forward by a minimum six months but nearer 12 months on Perkoa.

'Our initial rate will be 500,000 tonnes per annum but we have the capacity at
Perkoa - and with the changes proposed by DRA to lift that in a short time to
650,000 tonnes, with a high recovery rate annually of 65,000 tonnes of zinc
concentrate.'

Mr Flory also told Africa Downunder delegates that funding offtake agreements
for the mine's zinc output, were imminent. AIM Resources expected to make an
announcement on such agreements 'within the next week or two'.

'We have been negotiating with two smelters and a metals trading company with a
presence in West Africa and all of whom are interested in project
participation,' he said.

DRA Mineral Projects is an engineering company based in Johannesburg, South
Africa which specialises in project management and process plant design.

Background on DRA Mineral Projects

Established in 1984, DRA Mineral Projects has successfully designed and
commissioned many platinum and similar concentrators in Africa and have executed
process plant projects in four other continents. The Perkoa Zinc process plant
falls well within the company's range of expertise and skills.

DYNAMITE

THANKS. WITH GOOD NEWS LIKE THIS, YOU CAN NOT ASK FOR MORE. LOOKING GOOD. BEST LUCK

share magazine have tip these for your ISA portfolio?????how they are listed on aim so how can you put them in a isa????

THANKS, JMACRO

Ladies and Gents,
Two mining stocks worth watching - The first Vossnet ( soon to be tanzania gold) has just returned to AIM and has and will announce some great news and more to come.
Second - All Star Mineral - new thorium company - thorium is the replacement for uranium, but is safe and cannot be used to make nuclear weapons.

The following items have recently been posted to AIM Resources website:

* Presentation given today by MD Marc Flory to Africa Down Under Conference in Perth (3MB PDF)

* Lonsec research report on AIM Resources (1MB PDF)

* Mining Journals special publication on Burkina Faso (2.8MB PDF)

* Mining Journals special publication on Zambia (1.6MB PDF)

see: http://www.aimresources.com.au/newsletter.htm

bristlelad,

"share magazine have tip these for your ISA portfolio?????how they are listed on aim so how can you put them in a isa???? "

Because they are listed on the ASX as well as AIM. The ASX is a recognised exchange, so as far as the Inland Revenue are concerned you may put these in an ISA.

I did many months ago after checking with the IR and my on-line broker.

bobabout/ many thanks for the information/ but barclays wouldnot let ME buy them to put into my ISA/

Good morning, and good thinking about zinc. best luck

What should i say, tell me something nice about AIMR.

bristlelad,

Ask to speak to their Compliance Officer, and tell him!

They will soon change their minds!

ANDY, Good morning and cheers, i will try.

seymour pierce are urgeing buying AIMR with other stocks YOO and Croma, but no targets at moment!

shadow,

Until AIMR detail their financing plans for the mine, they really can't make any price predictions IMO.

ANDY//MANY THANKS I WILL TRY AGAIN//

Re target price.
Seymour Pierces 27 July research alert had a 16p target price.
The Lonsec 31 August report (both reports available through Aims website) puts a valuation on the shares of between 22-28 cents (Aus) (8.8-11.2p) depending upon equity/debt ratio of the Perkoa financing package. The higher figure corresponds to zero equity the lower one assumes that 470m new shares will be issued at 1.5 cents (6.0p) to raise $A70m out of a total of $A120m. Lonsec take quite a conservative view for the future price of zinc (peaking in 2007 and declining thereafter) and dont take account of the earlier start date announced on September 7 when highest zinc prices are expected.
Financing package details are expected soon.
Positive news from the ongoing Mumbwa exploration project in Zambia, or the discovery of new reserves at Perkoa could significantly boost valuations.

Jmacroe

I will put not 16p price target but 25p in my opinion. The position of AIM is unique as the whole government of Burkina Faso is involved, with support, building of railways...etc. the low cost, the stability of the political system, the nearby port of cote d'ivoire and we are talking about zinc. my strategy is to see the beginning and the end of this project before the broad market gets involved.
I think there are few companies in this excellent position. Best luck

The Lonsec report is quite cautious but it takes into account the political and logistical factors you mention.

Jmacroesus
Investors hate unstable environment but the bottom line is excellent product in a low cost environment. Burkina Fasso was a french colony, the currency is CFA in the ratio of 1=900cfa. So you raise many million of sterling and you invest them in cfa country then sell your product in a more lucrative market. One wonders if that was the reason for FAO to focus only on Africa. Juicy little fishes, delicious.

News about offtake agreements available on ASX

Now on RNS:
15 September 2006

PERKOA Zinc OFF-TAKE AGREEMENTS

AIM Resources is pleased to announce that Letters of Intent have been signed
with three parties for the off-take of zinc concentrates from the Perkoa Zinc
Project.

Perkoa's high-grade, clean concentrates are eagerly sought after and will
provide a very attractive feed for zinc smelters.

Given the location of Perkoa in Burkina Faso, the following companies have been
selected as off-take partners:

Xstrata Zinc for its smelters in Spain and Germany;

Votarantim Metais for its smelters in Brazil and Peru; and

Louis Dreyfus Commodities Metals Suisse SA with extensive commodities
trading and logistics expertise, particularly in West Africa.

These three off-take partners will provide Perkoa with a secure, long-term
market, attractive sales terms and flexibility in concentrate sales. The
geographic proximity of Perkoa to the chosen markets will provide commercial
benefits to AIM Resources as well as these partners.

The Letters of Intent set out the framework and the commercial terms which will
be incorporated into off-take agreements between the Parties. AIM Resources is
now well positioned to finalise detailed off-take agreements for the total
forecast production of zinc concentrates from Perkoa. Two of the parties have
indicated a willingness to assist with project funding in a form such as
providing a cost over-run facility.

AIM Resources has been assisted by Cashmere Marketing Consultants, a firm
specialising in base metal concentrates.

The current global shortage of zinc concentrates and the historically high zinc
price provides favourable returns for zinc mines and smelters and augurs well
for the future of the Perkoa Zinc Project.

Marc Flory, Managing Director, said 'Selecting our concentrate off-take partners
is a key step forward towards finalising our funding arrangements for the
development of Perkoa.

'I am delighted to have these three quality companies as our off-take partners.
Their complementary strengths should help ensure the best possible outcome for
the marketing of Perkoa's concentrates.

'This news builds on our recent appointments of Byrnecut Mining as mining
contractor and DRA Mineral Projects as EPC manager for Perkoa.

'We are systematically working towards commencing development of the Perkoa Zinc
Project in a manner which achieves the best outcomes for our shareholders and
other stakeholders.'

many thanks jmacro, will be checking this later. top banana

'Buy' reiteration by Seymour Pierce on September 15 with target price of 16p.

jmacroesus - 18 Sep 2006 10:11 - 63 of 63
'Buy' reiteration by Seymour Pierce on September 15 with target price of 16p.



Are Seymour Pierce the house broker per chance?

In the current situation, beofre finacing has been completed, the mine constructed, and the future price iof zionc known, it just a finger in the wind guess!

There are a few details to iron out before they can start making predictions IMO, and the first, and major one, is the financing itself, IMO.

Once this is done, and the amount of new equity, debt, and offtake agreements known, an informed view can be made, but certainly not before surely?

The project looks good, but the constant comparisons with GFM are misleading, they are seperate companies, at differet stages of their life cycle, in totally different parts of the world, IMO.

Zinc stocks continue to fall, so that should underpin the price, but any sign of a US recession could depress demand, and subsequently the price, so we cannot take a high future price for granted.

I take your point but as house broker Seymour Pierce will presumably be aware of the Perkoa financing package requirements - they've been giving a target price of around 16p since last December. The Lonsec report, which is more detailed than anything I have seen from Seymour Pierce (see my 12/9 above), took a view on the equity/debt ratio and came up with a minimum target price of around 8.8p.
There's another 'speculative buy' out today:
http://www.intersuisse.com.au/notes/mnmonday.pdf

Target price 16p or not the company will be a producer very shortly. In this case the risk is reduced by the transition from pure exploration into production. Zinc will rise and zinc will fall that's ok but if it is falling now it will rise sooner or later. i remained seriously invested and will buy more if sp dares to fall. Best luck.

jmacroesus -

I take your point but as house broker Seymour Pierce will presumably be aware of the Perkoa financing package requirements - they've been giving a target


House brokers are naturally optimistic as they are promoting the stock.

I don't see how they can possibly give such a target until the financing has been put in place, and analysed personally.

The Lonsec looks more realistic in the short term IMO.

Either way, we shouldn't have too long to wait until the financing proposals are known, as they are putting out good news, and that often preceeds a placing, but not always of course.

georgetrio,

I agree re the reduction of risk, once the financing is sorted there is only counry risk remaining.

I don't normally worry about that, if the local politics seems stable I invest, and if I become concerned, I would sell.

The only area I am currently avoiding is the FSU, except Tajikistan, due to the recent experiences of Oxus and other small miners.

Andy - agree with you about the Lonsec report - seems to be supported by more recent data.

ANDY
THE POLITICAL environment is well cool in Burkina-faso, for this poor country, a projet like this is a serious source of income for the country. Fingers X. GOD HELPS US WITH THOSE FSU countries.

From advfn Excellent point


richgit - 24 Sep'06 - 21:45 - 1444 of 1445


The only way to ever achieve multi-baggers is to accumulate stock as cheaply
as you can.and never lose sight of the fact that the very reason you are getting cheap stock is because the masses dont agree with you.
Thus there is no point in taking a contrarian position and then looking for agreement from others.

The more that people find reasons not to hold a stock like AIMR is a sure sign
I am on winner and will get more stock cheaper,and the gains will be progressively bigger.Eventually so many will want to buy the stocks they shunned,especially those stocks where the potential-and assets-are glaringly showing their undervaluation.

My views are always on a longer term investment,though longer is progressively
getting shorter with AIMR.

any idea why this has taken a beating the last couple of days?

Strange things usually happen from sept to dec in the stock market. even though this little fish is about to become a producer, those stupid investors or gamblers are selling it. same for GTL, but has been huge buying in GTL today. I think the sp will start rising seriously once the production is near or at least in February as it is the case usually for most sp.

Zinc Rises a Fourth Straight Day; Supply Growth May Lag Demand

By Chia-Peck Wong

Oct. 10 (Bloomberg) -- Zinc rose for the fourth straight day in London on forecasts that supply may not grow quickly enough to meet rising demand from steelmakers.

Prices of the metal, used to galvanize steel, have almost doubled this year after inventories fell 66 percent as zinc miners didn't increase production fast enough.

``It's quite possible we will see even higher prices in the short term,'' Stephen Briggs, analyst at Societe Generale, one of 11 companies that trade on the floor of the London Metal Exchange, said in a presentation today.

Zinc for delivery in three months rose $20, or 0.6 percent, to $3,670 a metric ton at 1:22 p.m. in London. Prices have gained 11 percent since Oct. 4.

Stockpiles of the metal fell for the 11th straight day to 133,475 tons, the exchange said today in a daily report. Global supply of refined zinc is likely to lag behind consumption by 420,000 tons this year, Briggs said.

Supply will continue to remain short of demand next year, Merrill Lynch & Co. analyst Francisco Blanch said in a report dated yesterday.

Jmacro
excellent post. keep\it up and best luck

georgetrio,

People are selling AIMR becaue the financing is not complete, and if they do it at a lower level, then they will be able to buy at around the same price, and some of the risk will have gone.

I know people that are waiting to study the financing proposals before making a decision.

yes, a bit early stage and as always these small cap weaknesses is the finance but i have faith that all will come good at the end. fingers x. sometimes it must get worse before getting better. i bought it at different levels and i did sell some that are in profit but will be buying more.

Perkoa financing arrangements out on ASX.

Now on RNS. Summary as follows:

AIM RESOURCES LTD

18 October 2006

PERKOA FINANCING ARRANGEMENTS & MINE OPTIMISATION

HIGHLIGHTS

AIM Resources fast tracks high-grade Perkoa zinc mine development
Perkoa project funding package announced.
Initial zinc ore mining anticipated in mid-2007.
Optimisation of Perkoa mine plan brings ore production forward.

SUMMARY

AIM Resources announces financing arrangements as follows:

Standard Bank Plc mandated to provide project finance facilities totaling
US$90 million;
Cartesian Capital mandated to co-ordinate US$35 million convertible note
issue; and
Seymour Pierce to co-ordinate a US$20 million share issue.

Project optimisation accelerates development and production timetable through:

Mine development plan and processing plant design optimisation;
Revised mine development plan enables first ore to be mined sooner via a
larger decline;
Capital expenditure estimate revised to US$135 million (now includes
contingency and mining contractor costs);
Estimated 2008 production gross revenue of US$212m at current zinc price
of approx. US$3700/t; and
Perkoa in ground metal value at current zinc price of approx. US$3700/t
is over US$3.3 billion.

The revised mining plan, utilizing a larger decline and larger capacity
equipment has reduced the pre-production period by approximately 12 months.
Commissioning of the processing plant is scheduled for early 2008.
AIM Resources Managing Director, Marc Flory commented that:

'The increased costs associated with this accelerated development schedule are
more than offset by the project delivering well ahead of the previous schedule
and delivering concentrate into an anticipated period of strong zinc prices.
Cash flow is brought forward, capturing significant value for shareholders'

Development on site at Perkoa has progressed, with excavation work commencing on
the box cut for the decline development expected to start in late November 2006.

jmacroesus -

Thanks for posting that.

So they are raising $20 million via equity, so another 225 million shares approx will be issued then, depending upon the prie they will be issued at of course.

If they issue at 5p, it will be 225 million, but if they discount to, say, 4p, it would increase to 277 million approx.

The amount being raised in shares/convertible notes is US$55m - about the same as the Lonsec analysis suggested would be raised in shares. The dilution will depend on the issue price and conversion terms but could be less than in the Lonsec forecast even though more capital is being raised. Because of the earlier start the forecast net revenue figure for 2008 based on a zinc price of US$3700/t is A$283m compared with A$14m (based on zinc at US$2900/t) - should have a significant impact on the NPV.

jmacroesus,

We'll see, i am waiting for the terms of the financing first, i want to see exactly how much paper is being issued, and at what price.

I prefer to use more conservative zinc prices personally, a higher figure would be a bonus at the time, but the world economy may have turned by then, and ZN could be down in price, we shall have to see.

In my experience, EVERY mine experiences problems and delays, so the forecast net revenue may be difficult to achieve in practice, IMO.

Andy,
There could well be some slippage but the accelerated production combined with high zinc prices should revise upwards earlier forecasts. Believe that because of the current production shortfall zinc prices may rise still further next year so the use of the current price for 2008 may not be all that unrealistic.

jmacroesus -

You may well be right, but I believe that like high oil prices, the world economy cannot bear much higher commodity prices, so even if the LME zinc stocks run out, (and they could do so by just after Xmas at the current rate!), there is an upper limit to how high the price can go before world consumption would slow due to high cost.

Such a slowdown may well cause a recession IMO, so that is why I am wary of assuming high commodity prices will continue.

US housing is already in recession, it remains to be seen what effect that will have long term. The average US house uses considerable amounts of CU for example, and LME CU stocks are very low currently.

Once the finaning details are released we will be in a better position to judge IMO, just a question of waiting. I happen to know raising cash in the city is tough currently, so they may have to dilute at a lower price than they would like, we shall see.

OK, but remember that about half of the zinc produced is used for galvanising steel, where it's cost is relatively marginal. The market reaction to yesterday's announcement has been positive so far which should help with the issue/conversion price.

jmacroesus -

If the LME stocks of Zinc run out, then we have an interesting situation!

I am sure they are trying to run up the price to minimise dilution, but if they issue at a lower price ( and I think that's a good possibility) then the price should retrace somewhat, IMO.

It's all about waiting for the finer details, and I don't mind missing a few points to reduce risk.

Placement on ASX

jm,

Yes, well spotted, 30 million shares @ A$0.12.

I make that around 5p, any thoughts?

Be interesting to know when the issue price was agreed.
Here's the RNS version (several hours later....)

AIM RESOURCES LTD

20 October 2006

AIM RESOURCES RAISES A$3.6 MILLION FROM INVESTORS

The directors are pleased to advise that they have placed, to clients of
Paradigm Capital Pty Ltd, a total of 30,000,000 fully paid ordinary shares at an
issue price of A$0.12 per share to raise AUD$3.6 million (circa 1.45 million)
('Placement Shares').

The Placement Shares will be allotted and issued to applicants following receipt
and clearance of their subscription monies pursuant to the Company's 15%
facility.

Application will be made for the Placement Shares to be admitted to trading on
AIM and dealings are expected to commence on or around 26 October 2006.

Zinc Advances to Highest Ever in London on Production Shortfall

By Chanyaporn Chanjaroen

Oct. 25 (Bloomberg) -- Zinc climbed to a record in London on speculation that demand for the metal used to galvanize steel will keep outpacing supply. Lead also rose to its highest ever.

Inventory tracked buy the London Metal Exchange dropped 1.5 percent to 115,650 metric tons, a 15-year low, the LME said in a daily report today. Production will lag behind demand by 420,000 tons this year, according to Societe Generale.

``The market continues to tighten and we don't see it easing until the middle of next year,'' Giles Lloyd, a London- based analyst at consulting company CRU said by phone.

Zinc for delivery in three months on the LME jumped $160, or 2.9 percent, to $4,060 a ton as of 5:30 p.m. London time. It earlier rose as much as $240, or 6.2 percent, to $4,140, beating the previous record set on Oct. 17 by $120.

The dark gray metal has more than doubled in the past year on soaring demand from China, the world's largest consumer. Global use will increase by 3.9 percent to 11.1 million tons this year, and by 2.6 percent to 11.4 million tons in 2007, the International Lead and Zinc Study Group said Oct. 9.

Other metals, including copper, nickel and lead, are also forecast to experience production shortfalls this year. Michael Lewis, head of commodities research in London at Deutsche Bank AG, Germany's largest bank, said in an interview he's more bullish on lead and zinc, whose stockpiles continue to decline.

Minews Story
Date: October 26, 2006
AIM Resources Going Full Steam On Perkoa Zinc Project.

By Rob Davies

High and rising metal prices provide increasing incentives for miners to fast track development of new mines in order to lock in additional revenue that may not be available in a few years time. That is what the market is all about and AIM Resources provides a perfect demonstration. Scott Reid, Executive Director, described how this Australian company, which is also listed on AIM, was fortunate enough to acquire the Perkoa zinc property in Burkina Faso from BHP Billiton in January 2005 for a US$1million when the zinc price was about US$1,100/ tonne. Its subsequent massive run has seen the metal triple in price transforming the economics of this high grade, but small deposit. A mine with a reserve of 6.3 million tonnes was never going to make a difference to a company the size of BHP Billiton even if the grade is 14.5% zinc.

But it has made a difference to AIM Resources. A year ago the shares were just over 2p and today they are trading at 6.25p having been as high as 8.4p. Even at todays valuation the market is only valuing AIM at 39million but serious funding is now required to build the mine and put it into production. In fact because the company intends to fast track construction capital costs will increase to US$135million although that means that the mine can be in production by the middle of 2007, twelve months ahead of the previous schedule. This has been achieved by opting for larger equipment and going for a deeper box cut and larger decline eliminating the need for a shaft. Consequently cash flow starts a year earlier with commensurate benefits to the shareholders.

In the original plan Scott said production was due to start in January 2009, but under the new one the processing plant will be up and running by the end of the first quarter of 2008. Scott explains that the net present value of Perkoa on the initial plan was US$148million based on a flat zinc price of US$1,815 a tonne. When the exercise was repeated in March this year using a zinc price of US$3,300 a tonne the NPV rose to US$405million. The most recent calculation, using the accelerated construction programme, would yield an even higher number although it has not been released yet.

To fund this activity AIM has said it will raise US$20million in equity through Seymour Pierce, has mandated Standard Bank to raise US$90million of project finance and asked Cartesian Capital to raise US$35million through a convertible loan issue. Scott reports that the frameworks of these agreements are in place and all parties are now doing due diligence; crossing ts and dotting is. Asked whether AIM would be seeking, or if the banks have asked, to lock in current zinc prices Scott said that it would be sensible to hedge part of the production but that the company also wanted to leave some upside.

Burkina Faso is a landlocked country and has not got great infrastructure but the mine only lies 30 kilometres from a railway line with a daily service to the coast so exporting concentrate will not be too difficult. Scott reports that the company has a good relationship with the Government which has a modern and good mining code and AIM is not expecting any difficulties on that side.

Minesites last question to Scott concerned valuation. Like most Directors he feels his companys stock is undervalued, and the impending equity issue is one clear reason for that. Nevertheless, it is possible to look round the market and see a number of companies, like AIM, that have good projects moving towards production on the basis of sound economics which have lower valuations than some explorers. However, as Scott says, the market is never wrong. It just gets there in its own time, but the waiting period can be frustrating.

I don't know why this isn't showing up as a news item but I pinched this from the other side.#
Di
QUARTERLY ACTIVITIES REVIEW
for the period ended 30 September 2006
► HIGHLIGHTS
Perkoa Zinc Project progressed towards development with:
o US$145 million funding package announced;
o Letters of intent signed with concentrate off-take partners;
o DRA Mineral Projects appointed as EPC manager;
o Byrnecut Mining appointed construction and mining contractor; and
o Optimisation of Perkoa mine plan brings ore production forward with initial zinc
ore mining anticipated in mid-2007.
Major drilling program at Mumbwa in progress with first three drillholes
completed.
Placement raised A$3.6 million.
Discovery Nickel investment sold for approximately A$1.5 million.
► PERKOA ZINC PROJECT, BURKINA FASO (AIM RESOURCES 100%)
During the quarter, AIM Resources systematically progressed towards commencing
development of the Perkoa Zinc Project in a manner which the Company believes
achieves the best outcomes for shareholders and other stakeholders.
The Company is now at an advanced stage in finalising a US$145 million funding
package for the development of the Perkoa Zinc Project. This package is comprised
of project finance facilities totaling US$90 million, a US$35 million convertible note
issue and a US$20 million share issue.
Letters of intent were signed with concentrate off-take partners during the quarter.
The three parties selected have complementary strengths which should provide
Perkoa with a secure, long-term market, attractive sales terms and flexibility in
concentrate sales.
Planning and optimisation of the Perkoa Project was progressed following the
appointments of Byrnecut Mining (Byrnecut) as mining contractor and DRA Mineral
Projects (DRA) as EPC manager.
The revised mine development plan enables first ore to be mined sooner via a larger
decline with commissioning of the processing plant scheduled for early 2008.
The capital expenditure estimate has been revised to US$135 million and now
includes contingency and mining contractor costs. The increased costs associated
with this accelerated development schedule should be more than offset by the
project delivering well ahead of the previous schedule and delivering concentrate
into an anticipated period of strong zinc prices.
Development on site at Perkoa has progressed, with excavation work commencing
on the box cut for the decline development expected to start in late November 2006.
Continued
ASX
Announcement
31 October 2006
African
Focused
Resource
Company
AIM RESOURCES LIMITED
ABN 63 009 193 980
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
info@aimresources.com.au
AIM Resources is listed on
the ASX (code: AIM) and
on Londons Alternative
Investment Market (code:
AIMR)
AIM RESOURCES REPORT FOR SEPTEMBER 2006 QUARTER
2
Perkoa Financing Arrangements
After considering a number of financing offers from local and international banking groups, AIM Resources has mandated
Standard Bank Plc to provide project finance facilities totaling US$90 million. These loan facilities are planned to
comprise an initial US$20 million Mezzanine Facility which will be refinanced by:
US$35 million Commercial Project Loan Facility; and
US$55 million Export Credit Insurance Corporation of South African (ECICSA) supported Loan Facility.
The above facilities are subject to completion of due diligence and internal credit approvals.
The balance of the funding package is to comprise:
Capital markets and corporate advisory firm, Cartesian Capital, has been mandated to co-ordinate a US$35
million convertible note issue, subject to shareholder approval; and
London broker, Seymour Pierce is to co-ordinate a US$20 million share placement, subject to shareholder
approval.
The Company is also at an advanced stage of negotiation with its off-take partners to potentially provide a cost overrun
facility.
The overall funding mix and structure provides the Company with strength and flexibility as it moves into the development
phase of the Perkoa zinc project.
Perkoa Off-Take Agreements
During the quarter, Letters of Intent were signed with three parties for the off-take of zinc concentrates from the Perkoa
Zinc Project.
Given the location of Perkoa in Burkina Faso, the following companies have been selected as off-take partners:
Xstrata Zinc for its smelters in Spain and Germany;
Votarantim Metais for its smelters in Brazil and Peru; and
Louis Dreyfus Commodities Metals Suisse SA with extensive commodities trading and logistics expertise,
particularly in West Africa.
These three off-take partners will provide Perkoa with a secure, long-term market, attractive sales terms and flexibility in
concentrate sales. The geographic proximity of Perkoa to the chosen markets will provide commercial benefits to AIM
Resources as well as these partners.
The Letters of Intent set out the framework and the commercial terms which will be incorporated into off-take agreements
between the Parties. AIM Resources is now well positioned to finalise detailed off-take agreements for the total forecast
production of zinc concentrates from Perkoa.
Perkoas high-grade, clean concentrates are eagerly sought after and will provide a very attractive feed for zinc smelters.
The current global shortage of zinc concentrates and the historically high zinc price provides favourable returns for zinc
mines and smelters and augurs well for the future of the Perkoa Zinc Project.
Perkoa Mining Contractor Appointed
During the quarter, Byrnecut Mining was appointed as managing contractor for the construction and mining of the
underground mine at the Perkoa Zinc Project.
Byrnecut is the largest underground mining contractor in Australia with an extensive fleet of mining equipment and a very
experienced team. Byrnecut is currently engaged in several zinc mining operations and has successfully undertaken
similar projects in Australia, Africa and Europe.
The alliance-style agreement with Byrnecut is predicated on working together in a mutually beneficial way as the project is
progressed through the phases of planning, development and operations.
AIM RESOURCES REPORT FOR SEPTEMBER 2006 QUARTER
3
Perkoa Project Optimisation
A number of positive changes have been made to the Perkoa development plan since the Bankable Feasibility Study
(BFS) was completed in late 2005.
AIM Resources, in conjunction with Byrnecut and DRA, has reviewed the mine development plan and processing plant
design in the Perkoa BFS. This optimisation work adds significant value to the project by bringing forward full production
status.
Key modifications to the mine development plan include:
Mine development accelerated by deepening the decline box cut to 25m (from 10m), enabling first ore to be
mined sooner.
Decline size increased to 5.0m wide by 5.5m high to accommodate larger (40t) haul trucks;
Ramp-up period to planned full ore production rate (45,000 tonnes per month) reduced from approximately two
years to one year; and
No shaft required due to sufficient access being provided by larger decline.
These changes should enhance the mining efficiency and bring stopes into production at an earlier stage.
Key modifications to the processing plant design are:
Additional bank of cleaner flotation cells in the processing plant;
Larger, more robust ball mill; and
Construction of a 100-person camp on site.
DRA is the Engineering, Procurement and Construction Manager for the Perkoa plant and infrastructure. DRA has
revalidated the BFS to include the full project scope, including provision for all surface infrastructure required for mining
and the process plant.
The Control Budget Estimate and corporate funding requirements to bring Perkoa into production are as follows:
US$ Million
Process Plant $ 38
Plant and Mining- Surface Infrastructure $ 48
Contingency (11%) $10
Owners and Operational Cost
(including Mining Contractor Cost)
$ 39
Sub-Total Project Control Budget Estimate $135
Ongoing Exploration Requirements
and Working Capital
$10
Total Corporate Funding Package $145
Despite the high global demand on technical resources and construction industry capacity, DRA is confident that the
project scope can be executed on the agreed cost and timeframe envisaged under the Control Budget Estimate.
The forecast development timetable is as follows:
Commence excavation of box cut November 2006
First ore mined September quarter 2007
Plant commissioning March quarter 2008
Full plant throughput achieved Mid- 2008
The increase in project development costs is attributable to a number of factors including the following:
Global input cost pressures on key project inputs, particularly the price of labour, fuel and steel.
Project optimisation leading to the bringing forward of production and cash flow generation to potentially
maximise the project NPV and shareholder returns.
AIM RESOURCES REPORT FOR SEPTEMBER 2006 QUARTER
4
Allowance for an accelerated exploration program to determine the potential extension of mine life or expansion
of annual output. A number of high priority exploration targets have previously been identified, warranting early
follow up.
The increased costs associated with this accelerated development schedule should be more than offset by the project
delivering into an anticipated period of stronger than average zinc prices.
Based on the mine optimisation and current cost estimates, the revised economic parameters for Perkoa are summarised
in the table below.
Notes:
1. On 27 October 2006, the London Metal Exchange spot zinc price was US$4,210 per tonne.
2. Revenues and costs have been calculated on an unescalated basis.
3. NPV and IRR estimates are on an ungeared basis.
Perkoa Zinc - Project Background
The Perkoa Zinc Project is located in the Sanguie Province of Burkina Faso, 120km west of the capital Ouagadougou. The
project is 35km by road from the country's third largest town, Koudougou, which is linked to neighbouring states of Cote
D'Ivoire, Ghana and Togo by tarred roads and by rail to Abidjan, capital of Cote D'Ivoire.
Snowden Mining Consultants completed a Bankable Feasibility Study (BFS) on the Perkoa Zinc Project in December
2005.
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.
The mine design consists of decline access to the ore body, ramping up to deliver 0.5 million tonnes per annum of ore. A
simple processing facility comprises a crushing circuit followed by dense media separation, milling and flotation, resulting
in the production of 130,000 tonnes per annum of relatively clean concentrate, grading 53% zinc over a 12 year mine life.
Plant infrastructure in the study includes a tailings dam facility incorporating a return/storm water dam for capture and reuse
in the processing plant. The main source of process water will be from a dam that has recently been constructed by
the Burkina Faso Government, close to the Perkoa Zinc Project. Power will be provided by on-site diesel generators.
The BFS addressed the projects transportation requirements by recommending two of the alternatives available. The first
route uses the rail line situated 30km from the Perkoa Zinc Project and passing through the neighbouring country of Cote
DIvoire to the Port of Abidjan. The second route uses road transport alternatives passing through Ghana to the Port of
Tema.
Spot Zinc Price
US$4,000/tonne
In-ground Zinc Metal Value US$3.6 billion
Total Revenue Net of Smelter Charges US$2.27 billion
Total Net Operating Pre-Tax Cash Flow US$1.68 billion
Net Present Value (NPV) @ 10% discount rate (post tax) US$456 million
NPV per AIM Resources ordinary share A$0.69 per share
Internal Rate of Return (IRR) (post tax) 59%
Establishment Capital Cost US$135 million
Average Cash Operating Costs (including transport to port):
US$ per ROM tonne
US$ per pound zinc in concentrate
US$76.6
US$0.27
AIM RESOURCES REPORT FOR SEPTEMBER 2006 QUARTER
5
► MUMBWA COPPER-GOLD PROJECT (AIM Resources / BHP Billiton Joint Venture)
During the quarter, the first three holes of a major drilling program were completed at the Mumbwa Copper-Gold Project
and all reached the target depth of 500m. Drilling targets have been defined by in-depth 3D geophysical interpretation of
FalconTM data and the program is planned to comprise eleven drillholes extending to a vertical depth of approximately
500m.
Drilling rates have been slower than anticipated due to the very hard rocks encountered and drilling contractor
performance. A second drill rig was mobilised to site in September in order to accelerate this major drilling program.
The first two drillholes both intersected extensive hematite, silica and sericite alteration, which is indicative of significant,
multi-phase hydrothermal fluid movement. Visible sulphides and traces copper minerals were identified in several
intersections in the first drillhole. Lesser amounts of sulphides and copper minerals were identified the second drillhole.
The third drillhole intersected variably altered porphyritic syenite from surface to the end-of-hole at 521m. Pyrite was
observed in variable quantities throughout the length of the hole along with intermittent trace amounts of chalcopyrite.
Brecciation as well as hematite and sericite alteration generally increased with depth with hematite alteration and pyrite
content increasing significantly below 470m depth.
The first three drillholes tested targets in the Kitumba region.
Samples from the first three drillholes have been prepared at Genalysis in Johannesburg. These samples have been
shipped to Genalysis in Perth for assay. The high level of exploration activity globally has resulted in signicant backlogs of
samples at laboratories and assay results are awaited.
Drilling is likely to continue during the December quarter until the onset of the wet season.
Background
The Mumbwa Copper-Gold Project lies within a known mineralised iron oxide copper-gold (IOCG) terrain in west central
Zambia and covers nearly 5,200 km2 and containing numerous prospects. The project area is prospective for IOCG
deposits similar to the world class examples of Olympic Dam (South Australia) and Ernest Henry (Queensland).
Drilling will focus initially on the Kitumba region, where drilling by BHP Billiton in the mid to late 1990s encountered
significant mineralisation in eight of nine drillholes over a strike length of approximately 6km. However, this historical
drilling tested areas peripheral to the targets indicated by the recent interpretation of new FalconTM data. A key drill target
is a major feature (800m wide with a 2.4km long, north-south strike) which corresponds with a strong uranium anomaly
along an exposed ridge at the Kitumba region. This feature has not been drill tested previously, except by drillhole KD3 in
the extreme north, which intersected 60m at 0.6% copper and 0.11 g/t gold.
First-pass drilling of targets in the Mutoya and Worm regions is also planned.
The 2006 drilling program is planned to comprise eleven drillholes extending to a vertical depth of approximately 500m.
This major drilling program is planned to take approximately six months and be completed during the December quarter.
AIM Resources is earning a 70% interest the Mumbwa Copper-Gold Project from BHP Billiton and is budgeting to spend
US$1.5 million on the project during 2006.
► MOKOPANE NICKEL- PLATINUM PROJECT (AIM RESOURCES 100%)
Given the Companys focus on progressing the Perkoa and Mumbwa Projects, AIM Resources is considering various
alternatives to create value from the project at a time of historically high platinum and nickel prices.
The Mokopane Nickel-Platinum Project area comprises 960 hectares on the northern limb of the Bushveld Igneous
Complex. Mokopane comprises five known mineralised areas with 15,330 metres of exploration drilling having been
concentrated primarily on southern portion of projects. Infrastructure is excellent and the project is well located being
immediately south of Robert Friedlands African Minerals Platreef Project and along strike from Anglo Platinums
Potgietersrust Platinum (PP Rust) operation that produced around 205,300 platinum-equivalent ounces last year.
AIM RESOURCES REPORT FOR SEPTEMBER 2006 QUARTER
6
► CORPORATE
Cash & Investments
As at 30 September 2006, AIM Resources had A$7.2 million in cash, at call deposits and share market investments.
During the quarter, AIM Resources realised approximately A$1.5 million from the sale of its investment in Discovery Nickel
Limited.
Placement
On 20 October 2006, AIM Resources announced a placement to professional and sophisticated investors of 30.0 million
shares at A$0.12 per share, raising A$3.6 million before expenses.
Issued Capital
As at 25 October 2006 the Company had:
647,214,031 ordinary shares on issue;
137,316,789 listed options at a strike price of 10 cents, expiring 30 June 2009;
20,000,000 unlisted options at various strike prices and expiry dates; and
14,000,000 performance rights expiring 30 November 2007.

The RNS seems to take hours to catch up with the ASX even with price sensitive information.
The revised NPV is equivalent to around 28p per share although believe this takes no account of the forthcoming dilution resulting from the Perkoa financing package. Also it's based on an price of $4000/tonne for zinc, which is lower than the current price but may be optimistic for 2008 - Barclays Capital has raised its forecast average for 2007 to $3675/tonne when the supply demand balance is likely to be restored by the opening of new mines. Nevertheless with assay results also expected from Mumbwa and potential value from the Mokopane project it's hardly surprising there's been a jump in the sp this morning.

19% rise on ASX overnight - volume 21m+. Zinc, Lead Rise to Records in London After Inventories Decline Nov. 7 (Bloomberg) -- Zinc and lead rose to records in London after inventories of both metals dwindled, reducing supplies. LME-tracked inventory of zinc, used to galvanize steel, dropped 1.8 percent to 99,550 tons, the exchange said today in a daily report. Stockpiles have plunged 79 percent in the past year to the lowest level since April 1991. ``At current rates of decline, LME zinc inventories could be depleted by midway through next year,'' John Meyer, a London- based analyst at Numis Securities said via telephone. Zinc for delivery in three months on the London Metal Exchange rose as much as $70.15, or 1.6 percent, to $4,500.15 a metric ton. It traded at $4,491 as of 10:58 a.m. local time. The contract has more than doubled in the past twelve months. Consumers are tapping the stockpiles to fill a supply deficit forecast at 448,000 tons this year and 18,000 tons next year, according to Brook Hunt forecasts cited by Meyer. Record zinc prices have boosted stocks of zinc miners. Shares of Korea Zinc Co. and Zinifex Ltd., the world's largest producers, advanced to records today. Other zinc-related stocks, including trading company Hunan Zhuye Torch Metals Co., also gained. ``Zinc prices are expected to stay at high levels next year because supplies aren't something that can be easily increased,'' said Kim Hyung Chan, who helps manage about $500 million at KTB Asset Management Co. in Seoul. ``Prices may not rise rapidly like this year in 2007, but it will definitely not fall back to previous levels. This is positive for zinc stocks.''

In November 1 interview, following the publication of the latest quarterly report, director Scott Reid says Seymour Pierce 'managing $US20m capital raising towards the end of this year' - also 'expecting results from the initial (Mumbwa) drilling programme within the next month, or so'. Full (5 minute) interview can be heard on www.brr.com.au.

Assuming that AIMR has control over the phasing of the Mumbwa assay report and the placing of US$20 worth of shares by Seymour Pierce then the calculation, presumably. is that the Mumbwa report will have a positive effect on the share price.

....volume of 44m+ on ASX overnight......

AIM Resources Limited
10 November 2006


AIM RESOURCES LTD ('the Company')

10 November 2006

Response to query from ASX

The Company today received a letter from the Australian Stock Exchange ('ASX')
querying the recent share price change and share trading volumes on the
Australian Stock Exchange.

The Company responded that it is not aware of any information concerning it
which, if known, might reasonably be regarded as an explanation for the recent
trading in the shares of the Company.

The company is unable to offer any explanation for the price changes and the
increase in the volume in the securities of the Company other than the increase
in the zinc price.

The Company also confirmed that it is in compliance with Listing Rule 3.1 of the
ASX.

A copy of the ASX query letter and the Company's response is available on the
ASX website

www.asx.com.au

Anyone know why AIMR is up 26% this morning? Not complaining though :-)

Hmmmmmmmmmmm closed 39.5% up on the Aussie market so something must be brewing.

Yes, the volume was 35m+ too - the ASX letter doesn't seem to have had much effect. The speculation is probably about the results from Mumbwa combined with undervaluation on the basis of the continuing high zinc price. At this stage it looks as if the dilution resulting from the $20m share issue will be less than expected.

3.85m buyer (T-trade) at 11.13.....

From the Independent

"Aim Resources found some solid buying support on rumours the company is poised to report a significant uranium find in Africa. The company said it knew of no reason for the share price movement last week, when the stock rallied from 5p, but more demand saw the shares add 2.62p to 11.12p"

Director's interest/significant shareholder notices on ASX

This presumably accounts for some of the recent surge in the sp :

AIM Resources Limited
17 November 2006


AIM Resources Ltd ('the Company')

Becoming a Significant Shareholder

The Company has been advised on 17 November 2006 that North Sound Capital LLC
has acquired a beneficial interest in a total of 51,688,777 ordinary shares
(7.93%) of the Company and accordingly is now a significant shareholder as
defined by the AIM Rules.

Further details of the acquisitions of shares are as follows:

Date Consideration Number of shares acquired
13 November 0.0846 1,150,000
14 November 0.1081 5,600,000
14 November AUD$0.2597 10,190,774
15 November 0.1245 3,800,000
15 November AUD$0.3208 26,964,974
15 November AUD$0.33 121,865
16 November AUD$0.2923 2,611,164
16 November 0.1078 1,250,000

The registered holders are North Sound Legacy Institutional Fund LLC and North
Sound Legacy International Limited, both of which's shareholdings are under the
voting control of North Sound Capital LLC.

Latest Lonsec analysis on www.aimresources.com.au (issued when the share price was 6.5p) gives base and upper share valuations equivalent to 10.1p and 25.1p with zinc prices of $US0.68/lb and $US1.40/lb respectively. Takes into account dilution for issued options and equity raising of $US20m at 6.0p per share.

Another substantial holder:
http://sa.iguana2.com/cache/1c1e7b9cd5f8e6c3c9bb2653bc98b365/ASX-AIM-343906.pdf

Hi,

AGM in Australia today and some very big buying of shares been going on. Share price now up 15% today alone. Frank Brewer, who ever he is, bought 41,000,000 shares yesterday...he's made alot on money already!

TAKEN FROM OZ BULLETIN BOARD :- and nicked from the other side!

hedge funds are snapping up AIM, thse have an uncanny knack at picking the right time to buy, Mumbwa drill results have been stated to be reported within this month, there is nine days left of this month, so hold on Mumbwa should be announced soon.
........................................................................................................................
A REMINDER FROM ME SAGEM OF WHAT TO EXPECT ;-


Highlights

The Mumbwa licence area contains a large iron oxide copper-gold mineralisation system with anomalous uranium providing confidence in the Olympic Dam exploration model.


Joint Venture with BHP Billiton, with AIM Resources earning a 70% interest.


The Kitumba region of Mumbwa is the most advanced, where BHP Billiton drilling in the mid-late 1990s intercepted significant mineralisation in eight of nine holes drilled.


A total of 23 exploration targets were identified by a FalconTM geophysical survey.


A major drilling program is being undertaken over the second half of 2006. The planned program is for 5,500m in eleven drillholes.

All resolutions passed at the AGM. They included approval for issuing up to 250m shares during the 3mth period following the AGM at a minimum price per share of 80% of the price on ASX. So at this stage it looks as if the dilution from the $20m share issue will be substantially less than forecast by Lonsec.

Also:

Increased Holding in the Company

The Company has been advised on 30 November 2006 that North Sound Capital LLC
has acquired a beneficial interest in a further 6,897,450 ordinary shares taking
their holding to 58,586,227 ordinary shares (8.98%) of the Company.

Zinc, nickel price forecasts boosted

ANGELA BARNES , Globe and Mail Update

Two brokerage firms have hiked their zinc and nickel price forecasts substantially, in the face of robust metal demand, supply constraints and continued strength in metal prices. The changes promoted a round of profit-estimate and price-target revisions for a number of mining stocks.

RBC Dominion Securities Inc. boosted its zinc price forecast for 2007 to $2 (U.S.) a pound from $1.50 and to $1.85 from $1.40 for 2008. It adjusted forecasts for zinc in 2009 and 2010 to $1.75 from $1.30 and to $1.90 from $1.30, respectively.

RBC Dominion also increased its nickel price forecasts, going to $12.50 a pound from $10 for 2007 and to $12.50 from $6 for 2008.

While the RBC team led by Fraser Phillips said their analysis suggests that spot commodity prices, with the exception of uranium, have peaked, metal prices seem set to continue at historically high levels because of strong demand and supply constraints. Despite our forecast of a modest slowdown in global economic growth in 2007 and some signs of softness in certain end-use markets, metal demand continues at very high levels, the team said in a market comment this morning.

At the same time, supply remains constrained by years of under-investment and production disruptions are exacerbating the problem, they said. Furthermore, they added inventories for all the metals are currently well below critical levels and are forecast to remain there throughout our forecast period.

The upbeat report suggests that there will be opportunities for investors to outperform the overall market by investing in mining shares next year, though the analysts warn that investors will need to be more selective in 2007 than they were this year.

Analysts John Redstone and John Hughes of Desjardins Securities Inc. also picked up on the strong metal price theme and boosted their forecasts for zinc and nickel. They expect inventories of both metals to be completely depleted by the end of 2007. They said in a report that the metal market is relying on China becoming a net exporter of zinc and zinc alloy in order to reduce the gap between supply and demand next year. However, China has remained a net importer through the first 10 months of this year, they noted. They boosted their 2007 price projection for zinc to $1.80 a pound from $1.40.

AIM Resources Limited
('AIM Resources' or 'The Company')

Issue of Securities

The Company announces that it has placed, through Seymour Pierce Limited,
Westwind Partners, Inc., Paradigm Capital Pty Ltd and Cartesian Capital Pty
Limited a total of 81,893,238 fully paid ordinary shares ('Placement Shares')at
an issue price of A$0.29 (11.6p) per share to raise up to approximately
AUD$23.75 million (circa 9.5 million) before expenses.

The net proceeds of the placing will be applied to continue the Company's mine
development plan for its high-grade Perkoa zinc mine development in Burkina
Faso. Development on site at Perkoa is continuing, including the commencement of
excavation work on the box cut for the decline development.

This placement has been made pursuant to the shareholders' approval granted at
the Annual General Meeting held on 30 November 2006.

The funding mix for the Perkoa Zinc Project is continually under review and may
change from that announced on 18 October 2006 based upon market conditions.
Discussions are continuing with the banks and the off-takers. When this is
finalised an announcement will be made to the market.

Application has been made for the Placement Shares to be admitted to trading on
AIM and dealings are expected to commence on 29 December 2006.

happy, happy :-) up 41% this morning !!! Up 45% in OZ on over 92 million shares traded.
There is drilling news and just look at the depth of the mineralisation on the 8th hole!
http://sa.iguana2.com/cache/a81e3033c0e1e04632dc419828d94cd0/ASX-AIM-362582.pdf

AIM up on copper hit From Mining News.

Kate Haycock
Tuesday, 22 May 2007

A SUBSTANTIAL hit of 655m at 0.46% copper from its first drilling at the Mumbwa joint venture in Zambia has given AIM Resources a solid boost on the Australian Securities Exchange today.


On the back of the news, the junior's shares rose 33% or 7c to 28c in morning trading.

The "encouraging" results came from the eighth hole in the company's initial drilling program at the project, AIM said, and indicated the presence of significant mineralisation on the tenement.

The assays from the other seven holes, which the company did not release today, were "in line with historical results from previous drilling in the area".

The overall intercept, from 42m, also hosted higher grade sections including 317m at 0.79% copper and 42m at 2.01% copper.

The company also said it was currently in discussions with a drilling company to target further anomalies indicated by the initial drilling program.

Sydney-based AIM is earning a 70% share in the project from BHP Billiton, which had conducted initial exploratory drilling at the prospect before entering into the joint venture in 2004.

AIM managing director Marc Flory was unavailable for comment on the results.

A good write up and buy note in the Shares Mag yesterday and a brilliant tick up since last week. Shares say buy on good news potential.
Di

Up 20% in Oz on 100m shares traded...well thats me more than doubled my money on AIMR but more to come so I'm hanging around for some more.
DYOR etc
Di :-)

A very interesting read in Mining Journal http://www.mining-journal.com/wms_magazine/pdf/WMS0709scr.pdf go to page 20 and 21..talks of turning AIMR into AS$1 billion company
Di

AIM Resources Limited
20 September 2007


AIM RESOURCES LIMITED

20 September 2007

DRILLING JUMBO FOR PERKOA
MINE ARRIVES IN BURKINA FASO

AIM Resources Limited ('AIM Resources') wish to advise that a drilling jumbo
('jumbo') has arrived in Burkina Faso from Ghana, and is awaiting customs
clearance. The jumbo will be used for development of the Perkoa zinc mine,
situated 120km west of the country's capital Ouagadougou in West Africa.
Drilling jumbos are standard mining equipment used in the development of
underground mine roadways and extraction of ore.

The jumbo is a Sandvik Axera 7 model, which is comprised of an electro-diesel
operated engine with two articulated hydraulic booms, which each host a drill
head and carousel loaded with drilling rods. The carousel allows drilling rods
to be changed by the operator from within the cabin, while the articulated boom
allows drilling at any orientation. The hydraulic controlled drilling system,
with added automatic functions allows productive high quality excavation, while
on board instrumentation enables accurate positioning of drill angle, drill
depth and drill position.

Typically, these machines are used during the development of underground
roadways, and can drill in a fan pattern at various diameters ranging from 43mm
to 64mm.

Initially the Jumbos will be used in the development of the portal (the main
entry into the mine) and the decline from the recently constructed box cut.
Following development of the decline, the jumbos will be utilised through out
the mining operation for the cut and fill phase of mining.

Should you require further information please contact:

Marc Flory
Managing Director
+ 61 2 9357 9000

Fiona Owen
Grant Thornton Corporate Finance
Ph: +44 20 7383 5100

Qualified Person

The information in this report which relates to exploration at the Perkoa Zinc
Mine has been reviewed and approved for release by Mr Adama Barry, MSc
(Geology), who has 20 years experience in mineral exploration, and is a
full-time employee of Nantou Mining Limited BV. Mr Barry has consented to
inclusion of this information in the form and context in which it appears.


www.aimresources.com.au

AIM Resources Limited
08 October 2007

AIM RESOURCES LIMITED

8 October 2007

CHIEF OPERATING OFFICER APPOINTED
FOR PERKOA ZINC PROJECT, BURKINA FASO

AIM Resources Limited are pleased to announce the appointment of Mr Scott Lowe
as Chief Operating Officer for the Perkoa Zinc Project in Burkina Faso, West
Africa.

Scott is a senior business executive with more than 25 years experience and a
proven track record in a variety of senior management roles across a number of
countries. He possesses tertiary qualifications in Mining Engineering and
postgraduate qualifications in Business Management. He also holds a Mine
Manager's Certificate of Competency and a Diploma in Marine Terminal Operations
completed at King's Point Merchant Marine Academy in New York, USA.

Previously, Scott was employed by BHP Billiton for over 20 years, in a number of
roles including Vice President Operations Ingwe in South Africa, Vice President
HSEC for BHPB's global Energy Coal businesses, General Manager Business
Development & Operating Excellence, Mine Manager and Marketing & Logistics
co-ordinator.

In addition to his mining career, Scott worked for P&O, one of the world's
largest infrastructure and stevedoring companies, at vice president level with
global responsibilities covering a range of complex business and cultural
environments.

Operating from AIM Resources' head office in Sydney, Scott will oversee
management of the Project from mining and processing, to transport of zinc
concentrates. This appointment is effective from 1 November 2007.

AIM Resources' Managing Director, Mr Marc Flory said, 'the appointment of Mr
Lowe to the team provides additional strength to the Company as we continue
development of the Perkoa Zinc Project. Scott's' experience in the fields of
mining and logistics will be an asset to the Company as we progress in our
development of the first zinc mine in West Africa'.

Should you require further information please contact:

Marc Flory
Managing Director
+ 61 2 9357 9000

Fiona Owen
Grant Thornton Corporate Finance
Ph: +44 20 7383 5100

Qualified Person

The information in this report which relates to exploration at the Perkoa Zinc
Mine has been reviewed and approved for release by Mr Adama Barry, MSc
(Geology), who has 20 years experience in mineral exploration, and is a
full-time employee of Nantou Mining Limited BV. Mr Barry has consented to
inclusion of this information in the form and context in which it appears.


www.aimresources.com.au

AIM Resources Limited
30 October 2007

AIM RESOURCES LIMITED

30 October 2007



Quarterly Activities Review

for the period ending 30 September 2007



HIGHLIGHTS

Fund raising through share placement, approved by shareholders at EGM,
raised gross proceeds of A$90.02 million.

Corporate head office relocated to new premises in Sydney, Australia.

Appointment of Chief Financial Officer/Company Secretary.

Grant Thornton Corporate Finance appointed as Nominated Advisor.



PERKOA, (AIM Resources Limited 90%)

Sales Agreement for offtake of zinc concentrates was signed with
Votorantim Metais Zinco SA.

Renewal of exploration permits covering 310 sq. km, adjacent and
surrounding the current Perkoa exploitation permit.

Follow-up exploration program drilled 9 holes for 2,402 metres.

Geotech drilling of 5 holes in vicinity of box cut and decline.

Delivery of long lead items to the Perkoa mine, including a Sandvik
Axera 7 drilling 'jumbo' for underground development of the main
access decline.



MUMBWA, (AIM Resources / BHP Billiton Joint Venture)

Geochemical soil sample results returned elevated gold values
coincident with the anomaly for drill hole SG36-001.

Results from recent drilling campaign were integrated with existing
data to implement follow up drilling program, proposing 15 cored holes
for 10,000 metres.



MOKOPANE, (AIM Resources Limited 74%)

Investigating options for drilling northern anomalies to better define
resource status.



CORPORATE

In June 2007, the Company initiated a fund raising program in London and North
America, through the allocation of shares and options. At the EGM held in August
2007, shareholders approved the allocation of shares and options for raising
capital to fund the continued development of the Perkoa Zinc Mine in Burkina
Faso, as well as other exploration activities in Africa.



The Company raised A$90.02M through the allocation of 290,385,000 ordinary
shares at $0.31 each, and 145,192,500 options with an exercise price of $0.45
expiring 28 September 2010.



In line with the Company's growth plan, the corporate head office was relocated
to new premises within Sydney's greater central business district. This
expansion reflects growth in the Company as it matures to become a zinc
concentrates producer.




AIM Resources Limited is now located at:

Level 2, Suite 201
80 William Street
Sydney, NSW, 2011
Australia
Ph: +61 2 9357 9000
Fx: +61 2 9332 1336



In addition, the senior management team was further strengthened by the
appointment of Mr Chris Brown as Chief Financial Officer and Company Secretary.
Chris has over 20 years experience in senior finance roles of public companies
in Australia and New Zealand, including CFO/Company Secretary for Sydney Gas Ltd
and General Manager Accounting for AGL. Chris is a chartered accountant and a
member of the New Zealand Institute of Chartered Accounts.



Throughout the quarter, the Company appointed Grant Thornton Corporate Finance
as Nominated Advisor for its listing on the AIM Market in London. With offices
in Sydney and London, Grant Thornton International is one of the world's leading
organisations of accounting and consulting firms, operating in 113 countries
with 521 offices worldwide.



Cash & Investments

As at 30 September 2007, AIM Resources had A$85.6 million in cash and short term
deposits.



Issued Capital

As at 30 September 2007 the Company had:

1,058,849,953 ordinary shares on issue;
131,959,105 listed options at an exercise price of 10 cents, expiring 30
June 2009;
145,192,500 unlisted options an exercise price of 45 cents, expiring 28
September 2010;
10,000,000 performance rights expiring 30 November 2008.



PERKOA ZINC PROJECT, BURKINA FASO (AIM Resources Limited 90%)

Development at the Perkoa Zinc Project continued throughout the quarter with
civil construction works dominating this period of activity. Construction of the
accommodation village and site offices were in advanced stages and are expected
to be completed soon. Infrastructure to construct the processing plant is
progressing with the preparation of foundations nearing completion.



Mining operations were disrupted during the quarter, caused by the onset of the
annual wet season. The majority of annual rain, for this part of Burkina Faso,
typically falls during the months of July and August. This season, the onset of
the rain was delayed, resulting in prolonged rain throughout September which
caused some damage to roadways that required some remediation work in the early
part of October 2007. The recently constructed box cut accumulated some water
during these rains, which was promptly pumped out through the introduction of
additional pumps.



The Seboun Dam, recently constructed by the Burkina Faso Government, will be
used by the Company as a supplementary source of water for the processing plant.
The influx of rain into the catchment area has ensured that this dam is now at
full capacity and overflowing. The reservoir basin of the Seboun Dam has a
storage capacity of 10,000,000 m3, which is considered small in comparison to
the volume of water collected in its catchment area. The Company proposes to
withdraw 1,000m3/day from the Seboun Dam, which represents less than 4% of total
capacity over an annual period. Based on previous years, the Dam is expected to
recharge during the seasonal rains.



The appointed EPC manager for the project, DRA, continued with the preparation
of the processing plant area and associated infrastructure. A series of 5
drillholes were drilled near the box cut for Geotech purposes. The additional
data recorded will be integrated into the current drill hole database and used
during further development of the decline from the box cut.


Byrnecut Mining, the appointed underground mining contractor, has progressed
with activities onsite, including the mobilisation of a Sandvik Axera 7 'Jumbo'
drilling rig via Ghana to Burkina Faso, following mechanical service and safety
check. The Jumbo represents one of the long lead items, which was secured by
the Company approximately 18 months ago. By securing this piece of machinery
early in the development of the project, the Company avoided the increase in
prices for mining equipment, which has been the trend recently in the current,
buoyant mining industry. The Jumbo will be used early in the development phase
for advancing the decline, and later for assisting in the extraction of ore from
narrow zones.



Other site infrastructure currently under construction includes civil works by
Banlaw, fuel farm facility by Shell Oil, the installation of diesel powered
generators by AG Delmas (subsidiary of Caterpillar), site offices and
accommodation by National and Overseas, and health care clinic by International
SOS for medical services.



Perkoa Zinc - Concentrate Off-take Arrangements

During the quarter, the Company secured a sales agreement with Votorantim Metais
Zinco SA for the offtake of approximately one third of Perkoa zinc concentrates.
Votorantim Metais Zinco SA ('Votorantim'), a division of The Votorantim Group,
is Latin America's leading producer of refined Special High Grade Zinc metal.
Votorantim intends to process the zinc concentrates from Perkoa through the Juiz
de Fora zinc smelter in Brazil and the Cajamarquilla zinc smelter in Peru.



Letters of Intent, signed by Xstrata and Boliden, are currently in negotiation
with the Company for the remaining two thirds of zinc concentrates. While the
Company was hoping to have all these agreements in place, there was some delay
related to unsettling on the American markets during August and September, and
further delays attributable to the European summer vacation period. Ongoing
discussion should have these agreements finalised in the near term.



The proposed offtake route involves trucking the zinc concentrates by road to
the railhead at Koudougou (35 km from the mine site), where it will be loaded
onto train for transport to the port in Abidjan, Cote d'Ivoire. The distance
from Koudougou to Abidjan is approximately 1,050 km by rail.



Perkoa - Exploration

During the quarter, the Company was granted the renewal of 2 exploration
permits, numbered 2007/07-098 and 2007/07-099, covering an area of 133.44 km2
and 177.12 km2 respectively. The exploration permits encompass the area
immediately adjacent to and surrounding the exploitation permit for the Perkoa
Zinc Mine, which the Company intends to explore for additional resources.



In Burkina Faso, an exploration permit is granted for an initial period of 3
years, which has a maximum of 2 renewal periods of 3 years each, totalling 9
years. The surface area of the permit must be less than 250 km2, which must be
reduced by 25% on second renewal. The permit holder must submit a proposed
exploration programme and budget, and work must commence within 6 months after
the grant.



The Company identified 9 airborne Electro-Magnetic ('EM') anomalies which it
ground tested using Induced Polarisation ('IP') techniques. The IP survey
confirmed 6 of the 9 EM anomalies show consistent resistivity and chargeability
readings comparable with that over the Perkoa deposit. It was proposed to drill
3,600 m from 6 EM anomalies using reverse circulation and core drilling
techniques.



A total of 9 holes were drilled for a total of 2,402 m from 4 EM anomalies.
Observation of drill chips and drill core identified pyrite and pyrrhotite in
some holes, however no massive intersections of sphalerite were identified.
Samples were taken for geochemical analysis based on lithological and
mineralogical intervals. These samples were initially sent to SGS Laboratories
in Ouagadougou for analysis, however some delay in the processing of these
samples has lead the Company to consider other options for analysis.


The Company is trialling a batch of soil samples to ALS Laboratories, and
pending suitable sample processing rates and accredited analysis, the Company
will consider despatching remaining samples for testing. The Company is awaiting
results from the laboratories which will determine the sequence and priority of
any follow up drilling.



Two anomalies were not drilled during this program as seasonal rain had impeded
access to the drill sites. It is proposed to drill these anomalies at a later
date.



Perkoa - Sociological

During the quarter, the Company presented awards at the annual ceremony for the
Perkoa Learning Centre. Local authorities, Vic Bradley - Chairman and Marc Flory
- Managing Director, representing AIM Resources Ltd, and other guests attended
the Ceremony, which applauded 70 students, both adults and children, who
attended the Centre for the past 9 months. The Perkoa Learning Centre is
focussed on teaching its students how to read and write in their local language
as well as French. The results for the community were very encouraging, and the
Company intends to pursue the progress this project into the new year.



The Perkoa Learning Centre was established in 2006 and currently supports 2
teachers and an education facility. This education initiative was setup by the
Company following a demographics study aimed at identifying sociological issues
within the community. The Company is committed to funding the program, which is
targeting higher enrolment and graduation numbers.



Mumbwa Copper-Gold Project (AIM Resources / BHP Billiton Joint Venture)

During last financial year, the Company contracted MSA Geoservices to conduct a
cored drilling program and limited soil geochemistry survey over the 11
anomalies identified by BHPB's 3D interpretation of FalconTM gravity gradient,
magnetic and radiometric data using SolidEarthTM propriety software. In
February 2007, 8 holes were drilled for a total of 4,105.17 meters, as shown in
Table 1, being comprised of 7 vertical holes and one hole (SG36-001) inclined at
70 degrees towards the East.


TABLE 1 - Summary of drillholes and Samples collected

Drill hole End of Hole Sample Number of Samples Collected
ID Depth (m) Interval
S1-001 499.15 8.12 to 499.15 m 246
S1-002 500.60 6.45 to 500.60 m 248
S3-001 520.80 8.00 to 520.80 m 270
S26-001 390.75 230.96 to 390.75 m 75
S30-001 500.27 349.00 to 395.00 m 36
S4-001 500.50 23.00 to 479.50 m 265
S36-001 697.40 42.00 to 697.40 m 349

21.00 to 61.00 m
88.00 to 144.00 m
195.00 to 251.00 m
281.00 to 294.00 m
S2-001 495.70 313.00 to 361.00 m 188
443.60 to 444.50 m
463.30 to 465.50
478.2 to 479.2 m
8 holes 4,105.17 1,677



The drill core was sampled for geochemical analysis testing for 17 elements
including copper, gold and uranium, with assay results for the best intersected
interval for each drill hole displayed in Table 2. The 7 vertical holes did not
intersect significant mineralisation and assay results for the core was in line
with historical grades from previous sampling in the area. The eighth hole,
S36-001, intersected a considerable thickness of mineralisation, over most of
its length, with discrete intervals of higher grade mineralisation. This hole
was drilled to a total depth of 697.4 metres, targeting an anomalous gravity and
radiometric feature with a strike length of 2.4 kilometres.






TABLE 2 -Geochemical Core Sample Assay Results.
Drill hole Intersection Average Cu Intersection Average Au Intersection Average U
interval interval interval
ID From/To (m) (ppm) From/To (m) (ppb) From/To (m) (ppm)
S1-001 114.4 to 125.4 885 357.2 to 367.2 30.17 357.2 to 367.2 41.78
S1-002 314.6 to 324.6 1985 314.6 to 324.6 15 494.8 to 500.6 23.05
S3-001 461.4 to 471.4 2379 461.4 to 471.4 61 299.4 to 309.4 88.05
S26-001 248.96 to 258.96 285 374.96 to 384.96 21 374.96 to 384.96 20.04
S30-001 377.0 to 387.0 255 377.0 to 387.0 2 377.0 to 387.0 16.01
S4-001 338.0 to 348.0 3902 451 to 461 31 149.0 to 159.0 31.5
S36-001 180.0 to 190.0 33819 156.0 to 166.0 222 359.3 to 370.1 372
S2-001 89.0 to 99.0 1012 197.0 to 207.0 26 197.0 to 207.0 15.58



As previously reported, the intercepts of drill hole SG36-001 yielded 655.4m @
0.46 copper including:

317m @ 0.79% copper,

18m @ 0.20g/t gold,

42m @ 2.01% copper, including

4m @ 5.56% copper.



Drill hole SG36-001 intersected variably altered syenite, quartz porphyry and
hematitic breccias. Green copper-phosphate was observed from 172m to 305m depth
and some thin veins and blebs of pyrite/chalcopyrite occur from 280m depth.
Massive hematite replacement with abundant pyrite and trace amounts of
chalcopyrite were intersected from 640m to the end of hole.



In addition to the drilling, a limited geochemical soil sampling survey was
undertaken over 7 of the recently drilled anomalies and the historical Lulu
prospect. The survey was aimed at identifying if a geochemical signature exists
over these selected sites. Each drill site was sampled by 2 perpendicular lines,
each 1 km in length, with the drill hole collar situated at the central point.
Samples were collected at 50 m intervals along each line, and included a series
of duplicate samples for quality control purposes. A total of 356 samples were
collected as shown in Table 3.

Both the geochemical core and soil samples were prepared and analysed by
Genalysis Laboratory Services Pty Ltd, which is accredited by the National
Association of Testing Authorities Australia (NATA). Samples were prepared by
Genalysis, Johannesburg and analysed by Genalysis, Perth.




TABLE 3 - Summary of Geochemical Soil Samples collected from the Mumbwa Project.

Drill hole Number of Samples Sample Spacing
Target And Sample Type
S1-001 42 soil samples; 50 meters

2 duplicate soil samples.
S1-002 42 soil samples; 50 meters

2 duplicate soil samples.
S3-001 42 soil samples; 50 meters

2 duplicate soil samples.
S26-001 42 soil samples; 50 meters

2 duplicate soil samples.
S30-001 42 soil samples; 50 meters

2 duplicate soil samples.
S4-001 42 soil samples; 50 meters

2 duplicate soil samples.
S36-001 42 soil samples; 50 meters

2 duplicate soil samples.
Lulu prospect 42 soil samples; 50 meters
2 duplicate soil samples.
4 trench samples.

356 samples



Upon submission of samples to the laboratory, it was found that the material
collected from soil sampling was not sufficient for analysis, and the samples
needed to be composited to make up the required volume. After compositing of
the samples, a total of 164 samples were assayed for an 11 element suite
including copper and gold.



The soil geochemical assays revealed an elevated gold expression over the site
of drill hole SG36-001, and mid tenor copper values over drill sites for S3-001
and S4-001. Over the S36 anomaly, gold values ranging from 12 ppb to 63 ppb were
received, whilst other sites typically returned gold values less than 13 ppb,
and mostly under 10 ppb. Anomalies S3 and S4 returned copper values of a higher
order tenor than other sites. It appears there is a relationship influenced by
topography, as higher concentrations are found closer to bedrock. It is also
considered that the thicker, transported overburden material in low lying areas
has a greater effect on sample dilution.



Exploration Outlook

The Company has planned a second phase of the drilling campaign, with MSA
Geoservices being consulted to supervise drilling of additional cored holes.
The drilling proposal is expecting to core drill over 10,000m from 15 holes and
includes the collection of approximately 4000 samples. In particular it is
planned to further evaluate anomaly SG36 by a systematic step out approach, with
targets located about 400m vertical depth from surface. In addition, a mobile
metal ion soil sampling program will be conducted over existing anomalies to
retest some of the anomalous values returned in the previous soil sample
program. It is anticipated that the investigation will allow the mobility of
metal ions to be determined, and further the understanding of mineralised IOCG
systems.



MOKOPANE NICKEL-PLATINUM PROJECT (AIM Resources Limited 74%)

The Mokopane Nickel-Platinum Project is situated near the township of Mokopane
on the northern limb of the Bushveld Igneous Complex in South Africa. The
Mokopane Project area comprises 960 hectares and contains a JORC compliant
inferred resource. The Company is considering various alternatives to create
value from the project at a time of historically high platinum and nickel
prices.



Exploration Outlook

At Mokopane, the five known mineralised areas can be described as the Southwest,
West, Northwest, Northeast, and Far North areas, of which only the Southwest
Area has been extensively drilled to define a JORC compliant Inferred Resource
estimated at 39.7 million tonnes at 0.146% nickel, 0.085% copper, 0.22 g/t
platinum and 0.33g/t palladium.



The Company is considering a percussion drilling program to further define the
resource status from all 5 mineralised areas with the view of establishing a
JORC compliant reserve. The proposed drill program would aim to increase the
density of drilling data over the 4 mineralised areas in the north, which
previously have only been lightly drilled. In addition, extensions of the
Southwest Area would be examined at depth and along strike.



MSA Geosciences have been engaged to prepare an exploration program aimed at
delineating the current resource with the view of establishing a JORC compliant
reserve.



Should you require further information please contact:



Marc Flory

Managing Director

Ph: + 61 2 9357 9000



Fiona Owen

Grant Thornton Corporate Finance

Ph: +44 20 7383 5100



Qualified Person

The information in this report which relates to exploration at the Perkoa Zinc
Mine has been reviewed and approved for release by Mr Adama Barry, MSc
(Geology), who has 20 years experience in mineral exploration, and is a
full-time employee of Nantou Mining Limited BV. Mr Barry has consented to
inclusion of this information in the form and context in which it appears.

The information in this report which relates to Exploration Results at the
Mumbwa Copper-Gold Project has been reviewed and approved for release by Mr
Michael J Robertson, MSc, Pr.Sci.Nat., MSAIMM who has 20 years experience in
mineral exploration, and who is a full-time employee of MSA Geoservices and has
sufficient experience in relation to the style of mineralisation and type of
deposit under consideration to qualify as a Competent Person as defined by the '
Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves' (The JORC Code 2004 Edition) and as a Qualified Person under the
AIM Rules. Mr Robertson has consented to inclusion of this information in the
form and context in which it appears..




www.aimresources.com.au

Material errors in the Independent Persons Report as filed with the Canadian regulatory authorities and withdrawal of its convertible debenture fundraising that was initially announced on 13 November 2007...

shows poor indecisive management resulting in disastrous drop in its sp. A$80 million in available cash is questionable.



AIM Resources Limited
31 December 2007

AIM RESOURCES LIMITED

31 December 2007

UPDATE ON TSX LISTING PROGRESS AND WITHDRAWAL OF CONVERTIBLE DEBENTURE OFFERING


AIM Resources Limited (the 'Company') (ASX:AIM) (AIM London:AIMR) wishes to
provide the following update on its proposed listing on the Toronto Stock Exchange ('TSX') and to advise the withdrawal of its convertible debenture fundraising that was initially announced on 13 November 2007 ('Offering').

In connection with its proposed TSX listing, the Company, on 6 December 2007,
filed with Canadian regulatory authorities a Canadian preliminary non-offering
prospectus ('Preliminary Non-Offering Prospectus') and associated documents,
including an Independent Qualified Persons Report on the Company's Perkoa Zinc
Project in Burkina Faso prepared in accordance with the Canadian Code for the
reporting of Resources and Reserves - National Instrument 43-101 ('Independent
Persons Report'). The Company is currently working through comments on the
Preliminary Non-Offering Prospectus received from the Ontario Securities Commission on 21 December 2007.

Regrettably, the Company has recently discovered material errors in the
Independent Persons Report as filed with the Canadian regulatory authorities.
The Company's management and Board are investigating the errors and conducting a detailed analysis of the Independent Persons Report's financial assumptions and projections, with a view to clarifying the report's financial integrity.

The Company has over A$80 million in available cash and is continuing the
development of the Perkoa Zinc Project. The Company is currently putting
together a strategy to extend the existing resource at Perkoa.

The events as detailed above have resulted in the Company deciding to withdraw
the Offering. Future financing initiatives will be reconsidered when the detailed analysis of the Independent Persons Report has been completed, which is expected to be within the next four weeks.

The TSX listing application is being progressed with the Company's advisors and
the Canadian regulatory authorities and a further update on the application will
be given once the listing timetable becomes more certain and the Canadian
Preliminary Non-Offering Prospectus can be finalised.

This share has tanked and now will almost certainly be de-listed from the AIM[post AGM vote].
In the latest RNS it says that if I do nothing that my shares[i hold 15000 of them current total value ~40,for a loss of 110] will be transferred to the aussie market.
Given the low value of my holding is it worth letting it ride on the aussie market in the vain hope they ever recover and can I trade them if I do.
Yet another of my wonderful share choices.

For those who think I have the Jonah touch I also hold GIP/AMER/RIFT/SER/IVE/and HAWK. all currently languishing at a loss:(

Alex

You can certainly pick them!

I'd be inclined to hang on to them in case anything useful comes out of Mumbwa or the S African interests. I sold mine about 18mths ago for an average of around 12p when I came to the conclusion that the price of zinc was starting a long term downward trend - surprised and disappointed to see that Perkoa had to be mothballed, though.

my thoughts too. Believe when metal prices recover this will return to profitability/commercial viability.

just worried about trying to sell them when thay are only listed on ASX. will talk with my broker,HB. it must be possible just incurring a greater charge.

Bon chance
Alex