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.

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.