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IMAGE RESOURCES COMPLETES SALES OF 70,000 TONNES HMC INVENTORY IN JUNE QUARTER

Jul.8 2019      Source:

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 Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to advise it has finalised the sale and shipping of 70,000 tonnes of heavy mineral concentrate (HMC) inventory during the June QTR from its 100%-owned, high-grade, zircon-rich Boonanarring mineral sands project located 80 km north of Perth in the infrastructure-rich North Perth Basin in Western Australia.

 On 27 May 2019 Image announced it had secured sales agreements for 70,000 tonnes of HMC inventory across 3 bulk shipments, from its HMC off-take partners Shantou Natfort Zirconium and Titanium Co., Ltd (“Natfort”) and Hainan Wensheng High-Tech Materials Co.,Ltd (“Wensheng”). These three shipments were successfully completed in May and June as scheduled.

 The concentration grade is about 22% which 4 tons come out of 1 tons of finished zircon, Its annual output will arrive at 60,000 tons per year.


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