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Image Resources NL
Summary
| Project: | Boonanarring | |
|---|---|---|
| Deposit: | Boonanarring | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 26-6-2017: Image Resources NL announces an Exploration/Drilling Update report for its Boonanarring deposit at the Boonanarring project. Drilling results incl. 8m @ 23.8% HM. Image Resources NL (Image or the Company) (ASX: IMA) is pleased to announce that | |
| Resources: | (Reserve, P+P): 20Mt @ 7.2% THM at project (2.0% HM cut-off) | |
| CP/QP: | [Overall Report]: George Sakalidis (Internal) | |
| ABSTRACT: | Image Resources NL (Image or the Company) (ASX: IMA) is pleased to announce that assay results confirm enriched zircon grades in recently collected composite samples taken over a previously announced 5.6 km northern extension of high-grade mineralisation associated with the Boonanarring mineral sands deposit (ASX release 13/03/2017). The Boonanarring deposit is located 80km north of Perth and is 100%-owned by Image. The deposit is arguably the highest HM grade, high-zircon undeveloped mineral sand deposit in Australia and is the subject of recently announced strong bankable feasibility study results (ASX release 30/05/2017). Managing Director, Patrick Mutz commented “These latest results are very significant given the Company’s mandate to fast-track development of the Boonanarring project and move the Company to first production in early 2018. Confirmation of enriched zircon in the high-grade extension area which is within economic pumping distance of the planned location of the wet concentrator plant at Boonanarring should add significantly to the upside potential of the project.” Executive Exploration Director, George Sakalidis commented, “The high-zircon results of the composite test work confirms that the 5.6km northern extension has the same enriched zircon mineral assemblage as the Boonanarring deposit and will add to the mine life of the Boonanarring project and also adds to the Company’s inventory of high-grade mineral sand deposits in the North Perth Basin.” | |
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