Image Resources NL (ASX:IMA) is constructing a mine and processing plant at its 100%-owned, high-grade and zircon-rich Boonanarring Mineral Sands Project in Western Australia. The Company has all necessary approvals, project funding and the plant and equipment to produce up to 250,000 tonnes of heavy mineral concentrate per annum under a 100% off-take agreement. First production is scheduled for 4th QTR 2018.
Image Resources Plans & Latest Developments:
Image Resources is focused on construction and commissioning of its flagship Boonanarring Mineral Sands Project located 80 kilometres north of Perth, Western Australia. Boonanarring is one of the highest HM grade, zircon-rich mineral sands deposit in Australia. It is fully
permitted, requires project capital costs of only AU$52M, and has a construction period of only six months. The Company owns the processing equipment to make an HMC product, and the land covering the first two years of mining and the location of the processing plant. The Company has a binding off-take agreement for 100% of HMC production for the life of mine.
Board of Directors / Management / Major Shareholders:
The Board of Image has many years of combined experience in mineral sands mining, processing, sales and marketing, with a special focus on zircon and zircon processing into final products. The management team also has many years of mineral sands mining and processing
experience and in particular with the use of the plant and equipment to be incorporated into the Boonanarring Project. The largest shareholder is Murray Zircon Pty Ltd, a former mineral sans mining company located in South Australia. The shareholder base is very supportive of developing Boonanarring.
Why should investors invest in you?
A key reason to invest in Image Resources is share price growth on the back of a rapidly recovering mineral sands commodity market, especially for zircon which constitutes 70% of total revenue from the Boonanarring Project. The company also has plans to develop a second operating centre on one of its other deposits.
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Image Resources will be presenting their mining projects to prospective investors at IMARC. Click here to claim your complimentary investor pass.