Perth, April 7, 2008 AEST (ABN Newswire) - Image Resources (ASX: IMA) is pleased to announce that all the Company's shares subject to Opes Prime margin lending facilities have been sold in an orderly fashion.
Managing Director, George Sakalidis said the prompt sale of the overhanging shares demonstrated strong levels of support from both international and local investors.
The operations of the Company have been unaffected by these events. The next step in the Company's continuing growth is the release of its preliminary North Perth Basin resource statement which is anticipated within the next month.
No other directors are exposed to margin loan arrangements secured by IMA shares.
About Image Resources NL
Image 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.
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