Highlights:
- 199 million tonnes total Mineral Resources at 2.8% total heavy minerals
o 137 million tonnes (69%) in JORC Measured and Indicated categories
o Image's total Mineral Resources accessible by dry mining triples to 284 million tonnes
- 5.5 million tonnes contained heavy minerals
o Image's total contained heavy minerals accessible by dry mining doubles to 11.0 million tonnes
o Image's current production of heavy mineral concentrate is approximately 0.3 million tonnes per annum
- 84% valuable heavy minerals ("VHM") within mineral assemblage
- 19% zircon plus rutile in total heavy minerals
- Mineralisation located from surface in some places with low overall average strip ratio.
In
The first order of business with new ownership of the Eneabba Tenements was verification and reporting of Mineral Resources on behalf of Image by the Company's JORC Competent Person Mrs
Total Mineral Resources reported for all seven projects as presented in Table 1 is 199 million tonnes at 2.8% total heavy minerals ("THM") containing 5.5 million tonnes of heavy minerals. Other positive attributes of these Mineral Resources include 84% valuable heavy minerals in the mineral assemblage, a combined total of 19% zircon plus rutile in the heavy minerals, a low average strip ratio and relatively low slimes and oversize contents. Refer to Table 1* on page 3 for the full details of the Mineral Resource estimates.
The Eneabba Tenements are considered accessible by dry mining techniques and therefore these new Mineral Resources effectively more than triple the Company's total Mineral Resources accessible by dry mining, from 85 million tonnes to 284 million tonnes.
These new Mineral Resources also effectively double the Company's contained heavy minerals in its total Mineral Resources accessible by dry mining, from 5.5 million tonnes to 11.0 million tonnes.
The final project associated with the Eneabba tenement package, which covers three mining leases ("MLs"), remains outstanding pending
The projects associated with the Eneabba tenement package are located approximately 275km north of
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/75K1904H
About
Boonanarring is arguably one of the highest grade, zircon-rich mineral sands projects in
Contact:
Managing Director
+61 8 9485 2410
info@imageres.com.au
www.imageres.com.au
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