Image Resources NL

Image Resources NL is pleased to provide a summary of another challenging and successful quarter of operations at its 100%-owned, high-grade, zircon-rich Boonanarring mineral sands project, located 80km north of Perth in the North Perth Basin in WA. While heavy mineral concentrate production was significantly lower QoQ, this was due to lower ore grade which was forecast. Similarly, HMC sales were down substantially QoQ [...]

Image Resources NL's continuing strong operational performance at Boonanarring was positively augmented with development planning for the next stage of mining at Atlas, commencement of a feasibility study for a standalone dredge mining operation at Bidaminna, the acquisition of a strategic package of tenements in the Eneabba area for future development and the earn-in and acquisition of 80% ownership of the King Gold [...]

CY2021 was another successful year for Image Resources NL , having completed its third full year as a profitable Australian mining company. The March 2021 quarter was marked by two major milestones for the Company. In February 2021 the Company announced the early repayment of its debt, and on 17 March 2021 the Company announced an intention to pay an inaugural dividend of $0.02 per share, on the back of a CY2020 net [...]

Image Resources NL is pleased to advise it has finalised a binding sale and purchase agreement with Sheffield Resources Ltd. to acquire the McCalls Mineral Sands Project located 100km north of Perth in Western Australia . McCalls contains Mineral Resources estimated at 5.8 billion tonnes at 1.4% total heavy minerals for 84 million tonnes contained THM, and 75 million tonnes of contained valuable heavy minerals with [...]

Image Resources NL is pleased to provide a Mineral Resources update on seven of the eight projects associated with the Company's recent strategic acquisition of a package of tenements located in the historic Eneabba mineral sands mining district in Western Australia , located 275km north of Perth. Highlights: - 199 million tonnes total Mineral Resources at 2.8% total heavy minerals o 137 million tonnes in JORC Measured [...]

Image Resources NL provides an annual update of Ore Reserves at its 100%-owned, high-grade, zircon-rich Boonanarring and 100%-owned, high-grade Atlas mineral sands projects located in the infrastructure-rich North Perth Basin in Western Australia. This update is presented as at 31 December 2021 to align with the Company's calendar year reporting period. - Boonanarring Ore Reserves of 3.9Mt at 7.1% THM and 19% zircon in [...]

Image Resources NL refers to its ASX announcements dated 21 and 28 January 2022 regarding the notices given by Murray Zircon Pty Ltd to the Company under sections 203D and 249D of the Corporations Act 2001 seeking to spill the Board of Image. Image has received correspondence from lawyers advising they act for a Murray Zircon director, Mr Songhui Xu, and Murray Zircon minority shareholder X.Q. Enterprises Limited alleging [...]

Image Resources NL is pleased to announce its intention to pay a 2 cent fully franked dividend once the Calendar Year 2021 annual financial results have been finalised. Results are expected to be announced in the first half of March with the dividend expected to be paid as soon as practicable thereafter, but likely towards the end of April 2022. Dividend Strong provisional financial results and continuing strong demand [...]

Image Resources NL is pleased to report that high demand for mineral sands commodities, coupled with limited supply, is continuing to push commodity prices higher, and delivered increased cashflow and profitability in 2H 2021 from mining operations at the Company's 100%-owned, high-grade, zircon-rich Boonanarring mineral sands project, located 80km north of Perth in the North Perth Basin in WA. There were further mineral [...]

Image Resources NL is pleased to advise it has completed the strategic acquisition of a package of mineral sands tenements in the historic Eneabba mining district located 275km north of Perth in Western Australia. The package of tenements was acquired from Sheffield Resources Limited under an asset sale and purchase agreement announced on 29 November 2021. The full package of tenements consists of 8 exploration licences [...]