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.

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.