Image Resources NL Stock Market Press Releases and Company Profile
121 Mining Investment Hong Kong Presentation
121 Mining Investment Hong Kong Presentation

Perth, Oct 16, 2017 AEST (ABN Newswire) - Image Resources NL (googlechartASX:IMA) (googlechartIMREF:OTCMKTS) provides the Company's latest presentation at 121 Mining Investment, Hong Kong.

Company Description and Focus

Emerging mineral sands producer

Actively focused on fast-tracking the development of its 100%-owned, high-grade and high-zircon flagship Boonanarring mineral sands project in the North Perth Basin in Western Australia.

First production targeted for 2nd QTR 2018.

Upside Potential

Upside potential at and near Boonanarring

- Confirmed potential to extend mine life with high grade mineralisation (ASX announcement 13 March & 26 June 2017);

o Assuming mineralisation in extension area is identical to known Ore Reserves in all aspects and economics; two years of additional mine life could add AU$60M to project NPV.

- Potential to process lower grade overlying layer of mineralisation;

- Potential to process ores from several other deposits with high grade mineral resources in the vicinity;

o Red Gully, Regans Ford, and Gingin (South and North).

To view the full presentation, please visit:
http://abnnewswire.net/lnk/BBR9663Y


About Image Resources NL

Image Resources Ltd ASX:IMAImage Resources NL (ASX:IMA) is a mineral sands focused mining company operating an open-cut mine and ore processing facility at its 100%-owned, high-grade, zircon-rich Boonanarring Project, located 80km north of Perth in the infrastructure rich North Perth Basin.

Boonanarring is arguably one of the highest grade, zircon-rich mineral sands projects in Australia. Construction and project commissioning were completed on-time and on-budget in 2018. Production commenced in December 2018 and HMC production ramped-up to exceed name-plate capacity in only the second month of operation. The Company achieved profitability in Q1 2019 and was cashflow positive in Q2 2019 and is now at steady state production.

abnnewswire.com 


Contact

Patrick Mutz
Managing Director
T: +61-8-9485-2410
E: info@imageres.com.au
www.imageres.com.au



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