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09/20/13 - A$0.10
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imx resources ltd (IXR) Details

IMX Resources Limited is engaged in prospecting, exploring, extracting, and producing minerals primarily in Australia, Tanzania, Mozambique, and India. The company principally explores for iron, gold, nickel, copper, magnetite, base metal, and precious metal deposits. It primarily holds 100% interest in the Nachingwea exploration project that consists of the Ntaka Hill nickel sulphide project and is located in the Lindi and Mtwara regions of south-eastern Tanzania. The company was incorporated in 1985 and is based in North Adelaide, Australia.

Founded in 1985

imx resources ltd (IXR) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: A$285.7K
Company Secretary
Total Annual Compensation: A$124.0K
General Manager of Cairn Hill Operations
Total Annual Compensation: A$385.5K
General Manager of Exploration
Total Annual Compensation: A$296.1K
General Manager of Projects
Total Annual Compensation: A$286.4K
Compensation as of Fiscal Year 2013.

imx resources ltd (IXR) Key Developments

IMX Resources Announces Management Changes; Announces Closure of its South Australian Office on September 30

IMX Resources announced that it will be making a number of additional changes to its board and senior management team, effective from the end of September 2014. Mr. Nick Corlis, who commenced with IMX earlier this year as General Manager Exploration, has been appointed to the Board as Executive Director-Exploration. Nick is a geologist with over twenty years of domestic and international experience in the resources sector, and was previously General Manager Business Development for Flinders Mines. The company's Chief Financial Officer, Mr. Phil Hoskins, has been appointed Acting CEO. Phil has been CFO at IMX since January 2012. IMX's Company Secretary, Mr. Stuart McKenzie, has been appointed to the combined role of General Manager Commercial and Company Secretary. Stuart has over twenty-five years' experience in senior commercial roles. He was previously Company Secretary with Anvil Mining Limited. IMX's Chairman, Dr. Derek Fisher, will assume a more `hands on' role to support the Company's management team during this transition period. Dr. Fisher has more than forty years' experience at all levels of the industry, and was co-founder and Director of Anvil Mining and co-founder and CEO/Managing Director of Moly Mines Limited. IMX will also be closing its South Australian office on September 30, and will retain a small Perth office at Level 2, 41 Colin Street, West Perth and a regional office in Tanzania, both with significantly reduced staffing levels.

IMX Resources Limited Presents at Africa Down Under Conference, Sep-04-2014 01:50 PM

IMX Resources Limited Presents at Africa Down Under Conference, Sep-04-2014 01:50 PM. Venue: Pan Pacific Perth & Novotel Perth Langley, Perth, Western Australia, Australia. Speakers: Nick Corlis, General Manager Exploration.

IMX Resources Limited Announces Geophysics Confirms Large Scale Graphite Potential at Chilalo ­New High Grade Target Identified

IMX Resources Limited announced that it has confirmed and expanded the graphite potential of its Nachingwea property, located in south-east Tanzania after completing initial geophysical analysis on the extensive VTEM survey data sets covering the majority of the company's 6,800 km2 tenement holding, with graphite targets apparent over the entire license area. The VTEM analysis has confirmed that the Chilalo Prospect is the high priority graphite target within the broader Nachingwea Property, with the prospect composed of multiple layers of interpreted graphite horizons ranging in thickness from 50 m to +200 m. The horizons at the Chilalo prospect alone, account for over 54 lineal kilometers of strike. Drilling at Chilalo is expected to commence in October 2014 to test the best targets, confirm the extent of the mineralization, grades, flake size fractions and provide samples for metallurgical test work. In addition, the analysis has identified the Chilalo North Prospect, located to the north-east of Chilalo, which represents as a very high intensity VTEM anomaly, measuring approximately 300 m x 500 m, with the potential to host a significant volume of high-grade graphite mineralization. Three rock chip samples collected from the Chilalo North Prospect have been assayed, returning grades of 17.5%, 17.6% and 19.5% carbon. The geophysical analysis follows the recently reported rock chip results from Chilalo, where 65 rock chip samples returned grades of between 4.8% and 29.6% carbon, with an average grade of 12.9% carbon. A total of 41 rock chips returned grades of greater than 10% carbon. IMX confirms that since announcing these exploration results on 25 July 2014, it is not aware of any new information or data that materially affects the information included in that announcement. The Chilalo Prospect is located within the Usagaran (Mozambique belt) system, which is well known for hosting high-grade, coarse flake graphite deposits such as Syrah Resources Limited's Balama deposit and Uranex Limited's Nachu Project (located immediately adjacent to the Chilalo Prospect on IMX's eastern tenement boundary). IMX has previously intersected graphite at the Ntaka Hill Project, 20 km south-west of Chilalo, whilst targeting nickel sulphide mineralization. Photos of the diamond core from Ntaka Hill show the coarse flake nature of the graphite mineralization, with a similar style of mineralization expected at Chilalo.


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