Image Resources NL

Image Resources NL (ASX:IMA)(PINK:IMREF) An impressive 900m-long high-grade zone now identified at the Atlas resource, containing grades of more than 20% HM up to 140m wide and 6m thick. This open-ended high-grade zone is likely to significantly increase the contained heavy minerals (HM) in the resource when the Atlas model is updated.

Image Resources NL (ASX:IMA)(PINK:IMREF) has carried out infill aircore drilling on the Atlas resource to provide greater confidence in the grade and continuity of the mineralisation and to upgrade the status of the resource.

Image Resources NL (ASX:IMA)(PINK:IMREF) would like to offer you details of a presentation titled "Enhancement of Resource at Cooljarloo and up to 45% Zircon in Eucla" which was made available by Mr George Sakalidis, Managing Director, to Boardroomradio on Tuesday 24 February 2009 at 2:00pm AEST.

Image Resources NL (ASX:IMA)(PINK:IMREF) As reported in Image's December 2008 quarterly report, an infill aircore drilling programme has been carried out on the southern extent of the Atlas resource at Cooljarloo (Image 70%) with the aim of closing the drill spacing to 200m x 20m to provide greater confidence in the grade and continuity of the mineralisation and to upgrade the status of the resources

Image Resource NL (ASX:IMA)(PINK:IMREF) Results from the remaining 80% of the samples taken from first-pass aircore drilling at Image Resources' 100%-owned Serpentine Lakes during the September 2008 quarter have now been received. The 466sq km Serpentine Lakes project is situated along strike from the zircon-rich 1.8Mt Cyclone prospect. The Image drilling was aimed at strike extensions of the Cyclone mineralisation and testing of other targets on the Barton paleo-shoreline.

Image Resource NL (ASX:IMA)(PINK:IMREF) Quarterly Activities Report to Dec 31, 2008.

Image Resource NL (ASX:IMA)(PINK:IMREF) is pleased to report that a Memorandum of Understanding (MOU) has been signed with the China Hainan Provincial Bureau of Geological Exploration (HPBGE) regarding its North Perth Basin mineral sands project.

Image Resource NL (ASX:IMA)(PINK:IMREF) is pleased to report that following separate Memoranda of Understanding (MOUs) being reached with two local mineral sands producers, Image has agreed to release composite samples from, and resource models of, its North Perth Basin project to enable the producers to further assess these resources.

Image Resource NL (ASX:IMA)(PINK:IMREF) is pleased to announce a new joint venture on an 85sq km tenement (E70/3041) with unlisted Kingsreef Pty Ltd, increasing its tenement holdings in the North Perth Basin to approximately 2,410sq km. The joint venture tenement is strategically located on the productive Gingin Scarp between Iluka's operating Gingin mine and the Regans Ford heavy mineral (HM) deposit.

Image Resource NL (ASX:IMA)(PINK:IMREF) is pleased to announce a new joint venture on a 107sq km tenement (E70/2742) with unlisted Derby Mines Pty Ltd, increasing its tenement holdings in the North Perth Basin to approximately 2,330sq km.