Image Resources NL (ASX:IMA) Quarterly Activities Report - ABN Newswire (@ABN_Newswire)

Image Resources NL (ASX:IMA) Quarterly Activities Report
  
Quarterly Activities ReportPerth, July 29, 2021 AEST (ABN Newswire) - Image Resources NL (
ASX:IMA) is pleased to report record high quarterly HMC production for the June quarter, breaking the previous record set in Q1 2021, from its 100%-owned, high-grade, zircon-rich Boonanarring mineral sands project, located 80km north of Perth in the North Perth Basin in WA.
Continued strong HMC production, due to higher than expected HM ore grades, and relatively high HMC stock levels, provides a firm base for the Company to meet its CY2021 production and sales guidance. Higher commodity prices and a recent more favourable FX could support the conversion of additional Mineral Resources to Ore Reserves which in turn could extend mine life at Boonanarring into FY2023 and thus delay the planned move to Atlas.

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