Graphex IPO - Reminder of Closing Date for Priority Offer to IMX Shareholders
With strong support for the Graphex initial public offer, in order for IMX shareholders to secure Graphex shares under the priority offer, applications must be received by 5:00 pm (WST) on Tuesday 26 April 2016.
For further information, please contact:
IMX Resources Ltd.
Phil Hoskins – Managing Director
Tel: +61 8 9388 7877
Stuart McKenzie – Commercial Manager and Company Secretary
Tel: +61 8 9388 7877
Michael Weir/Richard Glass – Citadel-MAGNUS
Telephone: +61 8 6160 4903
About IMX Resources Limited
IMX Resources is an Australian minerals exploration company that holds a significant tenement package at the Nachingwea Property in south-east Tanzania. The Nachingwea Property hosts the Chilalo Graphite Project, the Ntaka Hill Nickel Project and the Kishugu and Naujombo Gold Prospects.
IMX’s primary focus is on developing the high-grade and coarse flake Chilalo Graphite Project. The Pre-Feasibility Study (‘PFS’) released on 23 November 2015 outlined a low cost, high margin operation, with attractive project economics and confirmed the potential viability of a small scale open pit mining and conventional flotation processing operation. The PFS is based on a high-grade Indicated and Inferred JORC Mineral Resource of 9.2 Mt grading 10.7% Total Graphitic Carbon (‘TGC’), comprised of an Indicated Resource of 5.1 Mt grading 11.9% TGC for 613,800 tonnes of contained graphite and an Inferred Resource of 4.1 Mt grading 9.1% TGC for 370,300 tonnes of contained graphite. Chilalo is located approximately 220 km by road, from the deep water commercial Mtwara Port, the majority of which is a sealed main road. IMX aims to become a respected supplier of high quality graphite.
The Company has entered into a Memorandum of Understanding with China Gold Investment Co. Ltd. and CN Docking Joint Investment and Development Co. Ltd. (a wholly owned subsidiary of China National Building Material Group Corporation), under which the parties have agreed to an exclusive negotiation and due diligence period, ceasing on 31 July 2016, for developing the Chilalo Graphite Project.
To find out more, please visit www.imxresources.com.au.