IMX Resources Limited (IMX) is a dual-listed iron ore mining and base and precious metals exploration company based in Perth, Western Australia (ASX/TSX ticker code: IXR).
IMX operates the Cairn Hill Mining Operation, located 55 kilometres from Coober Pedy in South Australia, which produces 1.8Mtpa of a unique coarse-grained magnetite-copper DSO (Direct Shipping Ore) product. The product is mined and crushed at site before being trucked and railed to Port Adelaide, where it is then shipped to China. Cairn Hill is a joint venture between IMX Resources (51%) and Sichuan Taifeng (49%).
IMX owns and operates the highly prospective Nachingwea Regional Exploration Project in south-east Tanzania, which includes the Ntaka Hill Nickel Sulphide Project, widely regarded as one of the best undeveloped nickel sulphide projects in the world. Nachingwea is a large tenement package, located approximately 200 kilometres from the port of Mtwara, with the potential to host multiple mineralised systems. Recent exploration has proven occurrences of high-grade and disseminated nickel and copper sulphides, gold and graphite.
IMX is actively exploring its Mt Woods Magnetite Project in South Australia, where it has identified the Snaefell Magnetite Deposit and a number of other substantial magnetite exploration targets. IMX is seeking to develop a 5-10Mtpa mining project at Snaefell and is presently seeking a cornerstone investor willing to fund the project development costs.
IMX retains a pipeline of strategic investments and a portfolio of base and precious metal exploration assets in Australia and southern Africa.
Level 2,41 Colin Street,West Perth WA 6005 Australia T: +61 8 9388 7877 F: +61 8 9382 2399