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Image Resources NL
Summary
| Project: | Boonanarring | |
|---|---|---|
| Deposit: | Boonanarring | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 6/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 28-6-2018: Image Resources NL announces a Feasibility Study report for its Boonanarring deposit at the Boonanarring project. Updated BFS results incl. pre-tax NPV of A $235M (0.08%), IRR of 125%. Image Resources NL (ASX: IMA) (“Image” or “the Company”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Not stated (TZ Mineral International Pty Ltd ) | |
| ABSTRACT: | Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to announce further enhanced project economics based on an update of the Bankable Feasibility Study (BFS) for its 100%-owned, high-grade Boonanarring and Atlas mineral sands deposits located in the infrastructure-rich North Perth Basin, with the zircon-rich Boonanarring project located approximately 80km north of Perth, Western Australia. The BFS was updated to reflect significantly higher zircon price forecasts recently published by TZ Mineral International Pty Ltd (TZMI) (Figure 1) as well as updating other mineral sands prices and the USD:AUD foreign exchange rate to a flat rate of USD0.75. | |
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