Business
Financial Statement for Year Ended 30th June 2021
Financial Statement for Year Ended 30th June 2021.
About this update from Imc Exploration Group Plc
[{"type":"text","content":"\n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO. 596/2014 OF THE EUROPEAN PARLIAMENT AND THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (THE \"MARKET ABUSE REGULATION\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n .\n \n FINAL RESULTS FOR THE YEAR 1ST JULY 2020 TO 30TH JUNE 2021\n \n IMC Exploration Group Public Limited Company\n \n Chairman’s Statement for the Year ended 30 June 2021\n \n The Directors of IMC Exploration Group plc (“IMC” or the “Company”) are pleased to present the audited financial results for IMC for the twelve months to 30th June 2021. The consolidated financial statements appearing below (which do not form the full statutory Report and Accounts of the Company) are taken from the Directors’ Report and Financial Statements for the year ended 30 June 2021 posted to shareholders, a copy of which will be available from IMC’s website at https://www.imcexploration.com/.\n The last year has been a very eventful time for IMC, both on the corporate and exploration fronts. Further work on our spoils and tailings’ project has been carried out. Additional trial pits were excavated proving greater depths than expected at West Avoca and indicating the presence of a larger tonnage of spoils and tailings than had originally been estimated in the CSA Global Report (2019). The gold assays from these trial pits combined with the expected increase in tonnage indicates the existing gold Exploration Target at West Avoca will represent further potential. Significantly elevated copper, lead and silver grades are also present.\n IMC will commission an update of the existing West Avoca Exploration Target with the objective of upgrading it to an Inferred Resource. This will complement the JORC-compliant CSA Global commissioned IMC Mineral Resource Estimate (‘MRE’) on East Avoca where an inferred resource of ca. 20,000 gold oz. was reported.\n Further, gold mineralisation was confirmed in appraisal drilling at North Wexford. Zones of gold mineralisation were present throughout rhyolites. During appraisal drilling on its North Wexford gold project, IMC intersected a 47m mineralised ac...