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Aim Exploration Inc.
9107 Wilshire Boulevard
Suite 450
Beverly Hills, CA 90210
aimexploration.com
PROFILE:
Aim Exploration Inc. (AEXE) is a Beverly Hills, California headquartered company with operational offices in Manila City, Philippines . Aim operates as a junior mining company focusing on global mining and exploration. The company currently has two existing projects, a 40% interest in a Feldspar mine located in the Philippines and an Anthracite coal project located in Peru. The Feldspar mine is currently producing and is undergoing upgrades for expanded production. The operation is controlled in a Joint Venture with Paladino Management & Development Corp. The Anthracite Coal project AIM owns and controls through its wholly owned subsidiary Aim Exploration Inc. is considered to be a high grade Anthracite Coal mining property in the Alto Chicama basin, in the province of Otuzco in Peru. Aim SA acquired these rights by purchasing these assets from Percana Mining Corp (Percana SA), a Peruvian corporation.
Market Potential
Anthracite coal is a highly desirable resource with a variety of uses. It is primarily used in the manufacturing of steel, the production of cement, and the generation of electricity. 70% of the steel produced globally relies on coal (World Coal Association, 2013); 200kg of coal is required to produce one ton of cement (Van Oss, 2012); and 41% of global electricity production relies on coal (Clemente, 2012). Anthracite is the highest ranking coal because it is older and harder, contains more carbon, has lower moisture content, and burns hotter than any other type of coal. Comprising only 1% of global reserves, anthracite is also the cleanest burning fossil fuel on the planet (Cornerstone, 2013).
Aim intends to sell its output to domestic and international customers. From a domestic view, Peru imports about 90% of the coal that it consumes, which indicates a strong domestic demand (EIA, 2012). From an export view, the global steel industry is the primary driver of anthracite demand. China and India are expected to comprise 50.5% of this global demand in the short-term, which makes them the highest potential consumers of anthracite (World Steel Association, 2013). China stopped exporting anthracite in 2009 in order to meets its domestic needs. Aim’s strategic proximity to the Port of Salaverry (about 200km) will enable the company to service this significant Pacific market.
Competitive Advantage
Aim has a variety of advantages. The company has a team of technical experts on ground in Peru, and has also recruited advisors and directors who bring complementary skills to the venture. In terms of infrastructure, power lines run through Aim’s property, while a river runs adjacent to the site. The road network from the site to Otuzco can support 25-ton trucks. From Otuzco to Salaverry, the road is paved and well maintained, and can support up to 50-ton trucks. There are also accommodation facilities close to the property that can cater to Aim employees and contractors. Other distinct advantages are:
- Competitive labor wages in Peru, and competitive storage and stevedoring costs at the port.
- The ability to extract deposits with minimal or no coal washing.
Aim will compete with small scale Peruvian miners, and two larger players: Vena Resources Inc. and Black Hill SAC. Given the size of the global market and the desirability of anthracite coal, the company does not anticipate that these firms will impede the success of this opportunity.
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OTCQB: AEXE
Market Value:
34,680,000 a/o Nov 13, 2014
Shares Outstanding:
68,000,000 a/o Nov 06, 2013
Float
31,500,000 /o Nov 06, 2013
Authorized Shares:
250,000,000 a/o Nov 06, 2013
Shareholders of Record:
42 a/o Nov 06, 2013
Short Interest
5,808 (100%) Oct 31, 2014
Transfer Agent:
Globex Transfer LLC.
RECENT NEWS:
Aim Exploration Brief Report by BrokerBank Securities, Inc.
AIM Exploration Announces Strong Advisory Board To Assist In Taking The Anthracite Coal Properties Into Production And Sales
KEY EXECUTIVES:
James Robert Todhunter
President
Greg Formoso
Director
Guil Rivera
Director
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