FINANCE VIDEO: Image Resources (ASX:IMA) CEO George Sakalidis Speaks at RIU Sydney Resources Round-up
Sydney, May 14, 2010 (ABN Newswire) - FINANCE VIDEO: Image Resources (
ASX:IMA) CEO George Sakalidis Speaks at RIU Sydney Resources Round-up.
Image Resources (ASX:IMA) currently holds 28 projects totalling in excess of 7,000 sq km in area ranging from grass roots to advanced projects with drilling targets. This large portfolio of projects is mainly focused on gold, nickel and mineral sands and ranges in location from the Pilbara, Eastern Goldfields, Southern Cross, Forrestania and North Perth Basin regions in Western Australia to the Eucla Basin of South Australia.
In keeping with its strategy of maintaining a high level of activity on its large tenement holding and yet conserving funds for new project acquisition, Image has farmed out several of its projects to companies with the skills and financial resources to effectively explore and add value to these projects. These joint ventures include the Emu Lake JV (nickel, Jubilee Mines earning 60%), Trojan JV (gold and base metals, Troy Resources earning 60%), Jilbadgie JV (gold and nickel, Westonia Mines earning 65%) and Bronco Plains JV (gold, Troy Resources earning 60%). In addition Image has a joint venture with Meteoric Resources NL under which Meteoric has earned 100% of Image's interest in eight projects in WA, with Image retaining a 1% gross royalty interest.
View the video at this link:
http://www.abnnewswire/press/en/62862/Image-Resources
About Image Resources NL
Image Resources NL (ASX:IMA) is a mineral sands focused mining company operating an open-cut mine and ore processing facility at its 100%-owned, high-grade, zircon-rich Boonanarring Project, located 80km north of Perth in the infrastructure rich North Perth Basin.
Boonanarring is arguably one of the highest grade, zircon-rich mineral sands projects in Australia. Construction and project commissioning were completed on-time and on-budget in 2018. Production commenced in December 2018 and HMC production ramped-up to exceed name-plate capacity in only the second month of operation. The Company achieved profitability in Q1 2019 and was cashflow positive in Q2 2019 and is now at steady state production.
