Traders,

 

AIM Exploration Inc (AEXE) is on breakout watch today.

 

The uptrending chart is so bullish and the breakout chart is intact, so we definitely want you to focus on this play today.

 

We think AEXE could finally be ready to breakout from this gradual uptrend.

 

AEXE has only recently began trading but has shown some nice upwards momentum recently with solid trading liquidity, bouncing from around $0.30 to $0.50.

 

 

 

 

 

About AEXE...

 

IM Exploration Inc. (AEXE) is a Beverly Hills, California headquartered company with an operational office in Manila City, Philippines that operates as a junior mining company focusing on global mining, exploration and production.

 

The company currently has two existing projects, a 40% interest in a Feldspar mine and production plant located in the Philippines and an Anthracite coal project located in Peru. The Feldspar mine is currently producing and will be undergoing upgrades for expanded production. The operation is controlled by Paladino Mining and Development Corp. The Anthracite Coal project, AEXE owns and controls through its wholly owned subsidiary Aim Exploration SA. It is considered to be high grade Anthracite Coal mining properties in the Alto Chicama basin, in the province of Otuzco in Peru.

 

 

Previous & Present Activities

 

The assets encompass 1,000 hectares of mining concession property consisting of three sites of 600, 200 and 200 hectares respectively. Percana SA initially acquired these properties based on indications of the presence of high grade anthracite coal. Illegal artisan miners have started operating multiple one-entry mines on the property, which further indicates the presence and mine-ability of these deposits. To verify the geology and quality of the coal, Percana SA commissioned local geologists to compile a technical report on the 1,000 hectares. Although the report yielded optimistic estimates of resources, reserves and economics, it does not meet public reporting standards.

 

Consequently, Aim commissioned Gustavson Associates (of Colorado, USA) to visit the site, and to recommend plans for commencing mining projects on the property. The visit occurred at the end of 2013, and the report thereof outlined a four-phased approach for obtaining an "Indicated & Measured" classification for the deposits, and for compiling a Preliminary Economic Assessment. Aim now has a 36-month operations plan that accounts for the steps recommended by Gustavson, while enabling the company to immediately commence the business of selling coal sourced from artisan miners on and around its property.

 

 

Future Activities

 

Stage I of this plan will span months 1 - 18, and will involve two main elements. The first will be formalizing an agreement with the miners on Aim's property. The agreement will require them to sell their output to Aim, restrict their mining activities to the current area, and impose specific safety standards. The Peruvian government has instructed these groups to formalize an agreement with Aim, or to vacate the property. The company also intends to secure sourcing contracts with artisan miners on other properties in the area. The second element will be to setup a depot in Otuzco, from where Aim will service domestic customers.

Stage II will span months 19 - 24 and will also entail two main initiatives. The first will be commissioning mines operated by Aim. These mines will be setup as drilling, exploration and mine plans are completed across different sections of the property. The second initiative will be to develop a supply chain from Otuzco to the Port of Salaverry, from where coal can be shipped to international customers in the Pacific region.

Stage III will span months 25 - 36 and will build on the preceding stages by focusing on increased volume and further market development.

 

You can learn more about AEXE on their website http://www.aimexploration.com

AIM Exploration Announces Strong Advisory Board To Assist In Taking The Anthracite Coal Properties Into Production And Sales

BEVERLY HILLS, Calif., Nov. 12, 2014 /PRNewswire/ -- AIM Exploration, Inc. (AEXE), operates as a junior mining company focusing on global mining, exploration and production. We are pleased to announce the formation of a very strong advisory board to assist management to take AEXE's anthracite coal properties into production and sales.

"Mr. Gurr will be heading further exploration of the Anthracite properties to determine how to expand production. Mr. Tito and Mr. Chumpitaz Cama will be working on the ground and assisting in expanding current production from the independent mining contractors and mapping out and putting additional tunnels into production for AEXE. Mr. Chen will be marketing the Antracite in China and has currently contacted several interested parties." - J.R. (Bob) Todhunter, President

Karl D. Gurr: Mr. Gurr is a Mining Engineer holding a Bachelor Degree in Science (Geology) and a second Bachelor Degree in Engineering (Mining). He has more than 39 years of experience. He has been involved in project management, construction management, evaluation of projects for financing, site remediation, budget control, cost estimating, underground mining, surface mining, geologic exploration, feasibility studies, mine designs, reserve evaluations, international projects, acquisition evaluations, team management, productivity improvements, worker's safety programs, equipment selection, and mine operations. Mr. Gurr is currently a Sr. Mining Consultant/Geologist with Gustavson Associates (US) with extensive experience in Coal Properties. 

Chen Yangqian: Mr. Chen Yangqian, a successful professional from Xiamen City in Fujian Province of the People's Republic of China, was the former Chief of Staff of XIAMEN COMMERCIAL AND FOREIGN TRADE CORPORATION and later on assumed the position of Chairman of XIAMEN STATE COMMODITIES AND DUTIES CORPORATION. He is a respected name in the fields of Investment and Trade, Mining and Engineering in China and Southeast Asia given his work experience in the Government Bureaus and Government state owned companies and complemented by his profound knowledge on Chinese policies. He has various connections with many companies such as CNTC - China National Technical Import and Export Corporation, CCTEG-China Coal Technology Engineering Group Corp and CMEC-China Machinery Engineering Corporation. He will be AEXE's representative in China and will be working to develop the market for our Anthracite Coal and Feldspar reserves.

Tito Lindorfo: Mr. Lindorfo is a geology engineer with over 30 years of field and managerial experience within the Peruvian environment. His professional career includes diverse work assignments from topography development of pits, to exploration galleries and field sampling, and the management of construction projects. He has worked in the coal, gold and copper operations. He is currently a Manager / Consultant with CSIMLSAC (Peru), and will bring technical and local market insights to AEXE's activities.

Manuel Chumpitaz Cama: Mr. Chumpitaz Cama is a trained geological engineer with deep expertise in geology, cartography and environmental engineering. He has been involved in Peruvian mining projects in varying capacities that include: surface topography, map evaluations, geological exploration, construction management and geochemistry sampling. Since 1994, Manuel has held technical and managerial roles in over 45 private and public sector projects across Peru. He will bring this diverse experience to Aim's operations.

 

Read in full at http://finance.yahoo.com/news/aim-exploration-announces-strong-advisory-161600408.html

 

More Recent News...

• AIM Exploration Completes Feldspar Quality Test Production Order With First Client; Begins Final Negotiations With This Client To Supply Its Entire 2015 Production Requirements PR Newswire (Mon 20 Oct)
• AIM Exploration Acquires a Total of 648 Hectares of a Producing Feldspar Mine in the Philippines and a 1,000-Hectare High Grade Anthracite Coal Project in Peru in Pre-Production Stage PR Newswire (Fri 17 Oct)

 

All the best today.

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