Quarterly Activities Report
Perth, Feb 1, 2018 AEST (ABN Newswire) - Image Resources NL (
ASX: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 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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