AIMR Aim Res.

    RNS Number : 7477W
  AIM Resources Limited
  16 June 2008
   

    AIM RESOURCES LIMITED 

    16 JUNE 2008

    APPOINTMENT OF CHIEF EXECUTIVE OFFICER/EXECUTIVE DIRECTOR 


    AIM Resources Limited ("AIM Resources", "the Company") (ASX: AIM; AIM: AIMR) is pleased to announce the appointment of Mr Scott Lowe as
Chief Executive Officer and Executive director of the Company, effective as of 12 June 2008.

    Since the departure of Mr Marc Flory in April 2008, the Company has been pursuing an appointment to the Managing Director position
currently held on a temporary basis by Mr Bill Cash. After reviewing various options and potential candidates, the Board has made the
decision to appoint Mr Lowe as the Company's Chief Executive Officer, with a view to a transition to the Managing Director position over the
next six months. 

    The Chairman Mr Vic Bradley said, "the appointment of Mr Lowe as Chief Executive Officer is an endorsement of the strong, disciplined
management and broad mining experience that he has brought to the Company since his appointment as Chief Operating Officer in November 2007.
In particular, Scott's management of the development of the Perkoa Zinc Mine in Burkina Faso, has added considerable value to the Company."

    Before joining AIM Resources, Mr Lowe 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 BHP Billiton's Global Energy Coal business, General Manager Business Development &
Operating Excellence, Mine Manager and Marketing & Logistics co-ordinator.

    In addition to his mining career, Mr Lowe 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.


    The information required to be disclosed in accordance with paragraph (g) of Schedule 2 of the AIM rules, with respect to the
appointment of Scott Lowe to the AIM Resources Board, is set out in Appendix 1.


    Market Update

    Since its last market update in March 2008, the Company has been working on a number of issues, including development of the Perkoa Zinc
Mine and project funding options. The Company plans to provide a further market update of progress next week. 





    Should you require further information please contact:

    Vic Bradley
    Chairman
    Ph:      +1 416 363-8238
    Fax:    +1 416 363-7238

    Bill Cash
    Managing Director
    Ph:     + 61 2 9357 9000

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



    Appendix 1

    Mr Scott Frederick Lowe is aged 45, and has held the following directorships over the last five years:

    Douglas Colliery Limited
    Douglas Colliery Services Limited
    Duvha Opencast Services (Pty) Limited
    Ingwe Colliers Limited
    Lehlaka Property Dev. (Pty) Limited
    Manhattan Syndicate Limited
    Middleburg Mine Services (Pty) Limited
    Rietspruit Mine Services (Pty) Limited
    Richards Bay Coal Terminal Co. Limited

    In addition, Mr Lowe is currently a director of the following AIM Resources subsidiary companies:

    African Platinum Limited
    Platinexco (Pty) Limited
    Lepelle Platinum (Pty) Limited
    Nantou Mining Limited B.V.

    Mr Lowe's wife, Jennifer Lowe holds 7,100 shares in AIM Resources. Mr Lowe does not have an interest in the ordinary shares or options
of AIM Resources.


    www.aimresources.com.au

This information is provided by RNS
The company news service from the London Stock Exchange
 
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