News Market Reports CEO Interview Series Events & Exhibitions

Image Resources Nl

ASX:IMA ISIN:AU000000IMA1

May 26, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Image Resources Nl Company Summary

Image Resources is an active, innovative, Australian-based mineral explorer with a substantial portfolio of gold, nickel and mineral sand prospects in Western Australia. Incorporated in 1994, Image was formed to utilise an extensive Australian aeromagnetic database compiled over many years by the Company's founders. Image has used this powerful and unique data set, together with the experience and interpretive skills of its management, to acquire a range of prospects with high mineral potential.

DIRECTORS / OFFICERS

Mr George Sakalidis Managing Director Mr Sakalidis is an exploration geophysicist with over twenty years experience during which time his career has included extensive gold, diamond, base metal and mineral sand exploration. He, with others, has compiled one of the largest aeromagnetic databases in Australia, which is now held by Image Resources. Using this database, Mr Sakalidis has been involved in a number of discoveries including gold discoveries, such as the Three Rivers deposit and the Rose deposit in Western Australia. Mr Sakalidis was instrumental in the acquisition of the Image Resources exploration tenements and the design and interpretation of the magnetic surveys that led to the discovery of the large mineral sands resources at Magnetic Mineral's Dongara Project. Mr Sakalidis a director of Meteoric Resources NL, and was a founding director of Magnetic Minerals Limited and was previously a director of North Star Resources NL.
Mr Peter Thomas Non-Executive Chairman Mr Thomas, a lawyer, has specialised for over twenty years in the provision of corporate and commercial advice to ASX listed companies. He has been responsible for the structuring and restructuring of many companies, has been involved with the listing of and has served as (both an executive and non executive) director of a number of listed companies. Mr Thomas was a founding director of aspiring mineral sands producer Magnetic Minerals Limited.
Mr Roger Thomson Executive Director-Exploration Mr Thomson is a geologist with more than thirty years experience in mineral exploration, mining geology and management in Australia, Africa, South America and SE Asia. Mr Thomson has held the positions of General Manager Exploration with Delta Gold Ltd and Sons of Gwalia Ltd and has been responsible for, or closely associated with, making economic discoveries of gold and tantalum in Australia. He successfully managed the programme that led to the discovery of the multi-million ounce Sunrise gold deposit, near Laverton in Western Australia. Mr Thomson is an Associate of the Royal School of Mines, a Member of the Australasian Institute of Mining and Metallurgy, a Member of the Australian Institute of Geoscientists and a Member of the Society of Economic Geologists. He is a director of Mariana Resources Ltd and Meteoric Resources NL.

ANNUAL REPORT

COMPANY DATA

	Headquarters	Level 2, 16 Ord Street

		WEST PERTH WA 6005

	Telephone	+61-8-9485-2410

	Fax	+61-8-9485-2840

	Principal Sector	Materials

	Principal Industry	Mining & Metals

	Listed	2002/07/04

	Homepage	www.imageres.com.au

Key Developments: Image Resources Nl

	Image Resources NL (ASX:IMA) Announces Advice Of Record Date DEC 17, 2010 12:20 - Article Views: 2,110 Image Resources NL (ASX:IMA) (PINK:IMREF) (Image), in its capacity as trustee of the Image Shareholders Trust (IST), holds 12,500,000 shares issued to it by force of the incorporation of Potash West NL (ACN 147 346 334) (Potash). The terms of the IST provide that those shares (Distributable Shares) are to be distributed by Image on a pro rata basis to the persons registered as holders of ordinary fully paid shares in Image as at a record date to be set by the board of Image

	Image Resources (ASX:IMA) Obtain New 62km2 Tenement Covering Atlas Deposit Extension NOV 16, 2010 10:39 - Article Views: 1,020 Image Resources NL (ASX:IMA) (PINK:IMREF) has recently increased its landholding to 150km2 at the Cooljarloo heavy mineral project by addition of a 62km2 tenement E70/997 (Munbinia Project). This 100%-owned tenement is situated directly south of the very prospective Atlas deposit which includes a Measured and Indicated Resource of 12.1M tonnes at 7.4% HM containing 895,000 tonnes of HM. The core of the Atlas deposit (+5% HM) extends for approximately 5km.

	Image Resources NL (ASX:IMA) Announces A$1.25m Capital Raising To Accelerate Exploration And Evaluation NOV 9, 2010 13:29 - Article Views: 1,205 Image Resources NL (ASX:IMA) (PINK:IMREF) is raising A$1,250,000 by issuing 3,125,000 shares at A$0.40 per share to a combination of sophisticated and professional investors.

	Image Resources NL (ASX:IMA) Overall Grade Increases From 6.3%HM To 7.4%HM At Atlas Measured Resource OCT 27, 2010 10:34 - Article Views: 1,242 Image Resources NL (ASX:IMA) (PINK:IMREF) is pleased to announce that it has upgraded the majority of the JORC compliant resources at its Atlas deposit to a Measured classification. The Measured Resource is now 11.1Mt at 7.78% heavy minerals (HM) plus an Indicated Resource of 1.1Mt at 3.2%HM mainly confined to the northern end of the deposit.

	Image Resources NL (ASX:IMA) Signed Memorandum Of Understanding With Diatreme Resources Limited (ASX:DRX) Over Zircon Rich Heavy Mineral Deposits SEP 22, 2010 09:51 - Article Views: 2,272 Image Resources NL (ASX:IMA) (PINK:IMREF) and Diatreme Resources Limited (ASX:DRX) are pleased to announce that a Memorandum of Understanding has been signed in respect of the "Cyclone Extended" and "Cyclone" heavy mineral deposits in Western Australia.

	Image Resources NL (ASX:IMA) And Integra Mining Limited (ASX:IGR) Signed Farm-In Agreement On Aldiss Gold Project SEP 6, 2010 12:54 - Article Views: 2,583 Emerging gold producer Integra Mining Limited ("Integra") (ASX:IGR) is pleased to report the Company has entered into Farm-in and Joint Venture Agreements with Image Resources NL ("Image") (ASX:IMA) on two tenements along strike of Integra's Aldiss Gold Project located some 130 kilometres east of Kalgoorlie in Western Australia.

	Image Resources NL (ASX:IMA) 90% Increase In Eucla Basin Tenure AUG 13, 2010 10:29 - Article Views: 2,777 As part of its ongoing heavy mineral exploration in the Eucla Basin, Image Resources NL (ASX:IMA) (PINK:IMREF) has applied for three tenements covering 775km2 approximately 80km west of its Serpentine Lakes tenements and adjacent to its Wanna South and Forrest Lakes tenements. This acquisition brings Image's tenement holdings in this part of the Eucla Basin to 1,623km2.

	Over 6 Million Tonnes Heavy Mineral Estimated At Image Resources NL (ASX:IMA) Cyclone And Cyclone Extended JULY 23, 2010 10:31 - Article Views: 2,110 Image Resources NL (ASX:IMA) (PINK:IMREF) has completed its maiden resource estimate for the Cyclone Extended heavy mineral (HM) project in the Eucla Basin, which abuts the Cyclone deposit held by Diatreme Resources (ASX:DRX). Following a data swap with Diatreme, Image has completed a global estimate for both Cyclone and Cyclone Extended in order to properly set its Cyclone Extended resource in context with the whole mineral deposit.

	Magnetic Resources NL (ASX:MAU) A$1.26m Placement At 45 Cents Acquired By New Private International Investor JULY 21, 2010 10:29 - Article Views: 2,925 Magnetic Resources NL (ASX:MAU) is pleased to advise that Singapore-based private investor, Mr Hian-Siang Chan, has acquired a 5.63% interest in the Company following a private placement of 2,800,000 fully paid ordinary shares at 45 cents per share together with an off-market purchase of 1,000,000 fully paid ordinary shares from Image Resources NL at the same price.

	Image Resources NL (ASX:IMA) Encounters More High Grades At Gingin And Recieves Government Grant For Cooljarloo JUNE 11, 2010 10:27 - Article Views: 2,434 Image Resources NL (ASX:IMA) (PINK:IMREF) has encountered further high grade heavy minerals at its newly discovered 16km-long target zone at Gingin in the North Perth Basin.