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Image Resources NL
Summary
| Project: | Boonanarring | |
|---|---|---|
| Deposit: | Boonanarring | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 1/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-1-2017: Image Resources NL announces a Resource Estimation report for its Boonanarring deposit at the Boonanarring project. Updated mineral resource estimate, doubling of total tonnage. Image Resources NL (ASX: IMA) (“Image” or “the Company”) is please | |
| Resources: | (Resource, Total): 43.7Mt @ 5.6% HM at project (2.0% HM cut-off) | |
| CP/QP: | [Resources]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to announce a doubling of the total tonnes of mineral resources for its 100%-owned Boonanarring Minerals Sand Project located 120 km north of Perth in the North Perth Basin. As part of the bankable feasibility study being conducted for the Company’s high-grade Boonanarring and Atlas mineral sand projects, Optiro Pty Ltd (Optiro) has completed an update of the Mineral Resource estimate for Boonanarring in accordance with the guidelines of the JORC Code (2012). When compared to the Mineral Resource estimate for Boonanarring prepared for Image for its 2013 feasibility study, the total tonnes of Mineral Resources have increased by 103% from 21.5 million to 43.7 million tonnes, albeit at lower HM grade and mineral assemblage as detailed below. A summary of the Mineral Resource estimate by Optiro for the Boonanarring deposit as at January 2017, reported at a cut-off grade of 2.0% total heavy minerals (HM), is presented in Table 1. The Mineral Resource summary from 2013, reported at a cut-off grade of 2.5% HM is shown in Table 2. | |
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