Image Resources NL Stock Market Press Releases and Company Profile
Quarterly Activities Report
Quarterly Activities Report

Perth, Feb 1, 2018 AEST (ABN Newswire) - Image Resources NL (googlechartASX:IMA) provides the Company's Quarterly Activities Report for the quarter ended 31 December, 2017.

HIGHLIGHTS

- Zircon prices continue to rise;

- Boonanarring Project NPV increased to A$197M;

- A number of indicative funding proposals evaluated and a preferred debt provider selected with due diligence well advanced;

- Interim equity funding of A$4M raised 11 December; and

- Final project regulatory approval received 30 October.

To view the full report, please visit:
http://abnnewswire.net/lnk/D9B1ZFUR


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



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 9) (Last 30 Days: 33) (Since Published: 7754)