Image Resources NL is pleased to report that high demand for mineral sands commodities, coupled with limited supplies, is driving mineral sands commodity prices to rise substantially, and is delivering 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. The [...]
Image Resources NL is pleased to provide the following preliminary September Quarterly results stemming from production at its high-grade, zircon-rich Boonanarring Mineral Sands Project located 80km north of Perth. Benchmark Pricing for HMC The benchmark price for zircon used to price Image's heavy mineral concentrate , has been rising steadily on a quarter basis throughout CY2021. The average price for Q3 was 8.3% higher [...]
Image Resources NL continued to build on its success in 2020 to achieve record production in the half year ended 30 June 2021. The following summarises the key drivers of operational and financial performance for 1H 2021: - Record heavy mineral concentrate production of 187kt for 1H 2021 compared to 167kt for 1H 2020. Strong HMC production in the March quarter of 85kt was followed by record HMC production in Q2 of 102kt [...]
Image Resources NL is pleased to report record high quarterly HMC production for the June quarter, breaking the previous record set in Q1 2021, from its 100%-owned, high-grade, zircon-rich Boonanarring mineral sands project, located 80km north of Perth in the North Perth Basin in WA. Continued strong HMC production, due to higher than expected HM ore grades, and relatively high HMC stock levels, provides a firm base for [...]
Image Resources NL is pleased to advise it has received encouraging assay results from initial drilling on both Image's 100%-owned Erayinia Gold tenement and the King Gold Farmin Prospect. The King Prospect is located in the heart of, and completely surrounded by, Erayinia and Image's adjacent 100%-owned Madoonia Downs tenement, and is located 135km SE of Kalgoorlie in Western Australia. Image's exploration expenditures [...]
Image Resources NL is pleased to provide the following preliminary June Quarterly results stemming from production at its high-grade, zirconrich Boonanarring Mineral Sands Project located 80km north of Perth. HMC Production Heavy mineral concentrate production reached a new Quarterly record high of 102k tonnes on the back of record high average ore grade of 12.1% HM. HMC production was 20% higher than the previous highest [...]
Image Resources provides the Company's latest presentation at Mineral Sands Conference. Investor Snapshot Opportunity to invest in company transitioning to profitable mining operator - Company fully funded to positive cashflow o $50M as debt; $25M as equity - Project construction underway - Plant and equipment already acquired - First production scheduled for 4th QTR 2018 - Cashflow positive forecast in 1st QTR 2019 [...]
Image Resources is pleased to announce its Equity Raising has closed fully subscribed. The AU$25m Equity Raising was launched on 11 March 2018 with Euroz Securities Limited, the Sole Lead Manager and Sole Bookrunner. Demand has come from new and existing investors. In accordance with the Subscription Deed with Vestpro International, Vestpro will be subscribing for 131,936,921 Shares under the Equity Raising. New shares [...]
Image Resources is pleased to announce it has entered into two Equity Subscription Deeds to fully underwrite the issue of 250 million fully paid ordinary Image shares at an issue price of 10 cents to raise AU$25M . - Image launches fully underwritten AU$25M Equity Raising - Cornerstone investor secured for minimum 10.1% position - Euroz appointed as Sole Lead Manager and Sole Book Runner - Completion of Equity Raising to [...]
Image Resources is pleased to announce that the Company has entered into a Loan Note Subscription Agreement with Pala Investments Limited and Castlelake IV, L.P. and CL V Investment Solutions LLC which are entities controlled by Castlelake L.P. as the Loan Note Holders, to raise AU$50M1 from the issue of senior secured loan notes. AU$50M to be raised from the issue of senior secured loan notes - Funds to be used for [...]
Image Resources is pleased to advise the Company is finalising the issue of a contract to BMD Constructions for the construction of the site entry road intersection for its 100%-owned, high-grade, zircon-rich Boonanarring Mineral Sands Project located in the infrastructure-rich North Perth Basin, located 80km north of Perth, Western Australia. The issue of this contract will be the first project construction related [...]
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 [...]
