Image Resources 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 [...]
Image Resources is pleased to announce a placement of 40,000,000 new ordinary shares at an issue price of 10 cents per share to qualified institutional and sophisticated investors to raise $4,000,000 . The Placement was significantly oversubscribed and the funds raised will enable the Company to continue to advance planning and preparations for the development of the Company's 100%-owned, high-grade, high-zircon [...]
Image Resources is pleased to announce updated Bankable Feasibility Study results for its 100%-owned, high-grade Boonanarring and Atlas mineral sands deposits located in the infrastructure-rich North Perth Basin, with Boonanarring approximately 80km north of Perth, Western Australia. FX: - Project Pre-Tax NPV of AU$197M at 8% discount rate - Project Pre-Tax IRR of 104% - Payback period of 16 months UNCHANGED BFS METRICS [...]
Image Resources is pleased to announce Image has received the final approval required for the construction and commissioning of its 100%-owned Boonanarring Minerals Sand Project located approximately 80 km north of Perth in the North Perth Basin. As a central pillar of the process of fast-tracking the development of its high-grade, high-zircon Boonanarring project, Image has been focused on the receipt of all necessary [...]
ABN Newswire interviews Managing Director Patrick Mutz at the International Mining and Resources Conference (IMARC) in Melbourne, Australia. Following the company's presentation to investors at IMARC 2017, Patrick Mutz is interviewed about the minerals sands project the company is developing. With 100% of the product already sold, the company is preparing for shipping of high grade heavy mineral concentrate. To view the [...]
Image Resources provides the Company's Quarterly Activities and Cashflow Reports. HIGHLIGHTS Boonanarring Project Capital Financing The Company's primary focus during the quarter was investigating and actively seeking project finance to support the development of its 100%-owned, high-grade Boonanarring mineral sands project in the North Perth Basin in WA, in accordance with the bankable feasibility study (BFS) announced [...]
Image Resources provides the Company's latest presentation at 121 Mining Investment, Hong Kong. Company Description and Focus Emerging mineral sands producer Actively focused on fast-tracking the development of its 100%-owned, high-grade and high-zircon flagship Boonanarring mineral sands project in the North Perth Basin in Western Australia. First production targeted for 2nd QTR 2018. Upside Potential Upside [...]
Image Resources is pleased to announce another significant increase in the price for zircon, effective 1 October 2017, which brings the total increase in the price of zircon to 22% since Image announced to the ASX the results of its bankable feasibility study (BFS) on 30 May 2017. Importantly, the higher zircon spot price increases the Boonanarring Project Spot Price NPV (used to determine borrowing limits) by 47 [...]
The directors of Image Resources submit the financial report of the Company for the half-year ended 30 June 2017. REVIEW AND RESULTS OF OPERATIONS The total loss from continuing operations for the half-year ended 30 June 2017 was $3,870,237. The Company's activities during the six month period are summarised in this report which, unless otherwise stated, should be read as if dated 30 June 2017. Activities during the [...]
Image Resources is an emerging mineral sands producer actively focused on fast-tracking the development of its 100%-owned, high-grade and high-zircon flagship Boonanarring mineral sands project in the North Perth Basin in Western Australia. First production targeted for early 2018. To the presentation, please visit:
Image Resources is pleased to announce that Breakaway Research has completed an independent research report on the Company. As disclosed in the research report, Breakaway Research were commissioned by Image to prepare the report. To view the research report.
Image Resources is pleased to announce a 60% increase in ore tonnes in the 'proved' category of Ore Reserves for its 100%-owned Boonanarring Minerals Sand Project located 120 km north of Perth in the North Perth Basin. As part of the process of fast-tracking the development of the high-grade Boonanarring project, Image completed grade control drilling in March 2017 designed to increase the confidence level of the [...]