Slide 1: August 2014
For personal use only August 2014 ASX:IMA 1
Slide 2: Forward Looking Statement
Forward Looking Statement 2 For personal use only Certain statements made during or in connection with this communication, including, without limitation, those concerning the economic outlook for the mining industry, expectations regarding prices, exploration or development costs and other operating
Slide 3: Overview
Overview 3 For personal use only Exciting suite of projects Location, location, location • Heart of WA mineral sands province • Nearly 300mt of resources Dry mining – 64mt @7.1% => 4.5mt HM plus Dredging – 236mt @ 2.1 => 4.9mt HM • Low sovereign risk Boonanarring • Reviewing project studies • Target
Slide 4: Corporate Snapshot
Corporate Snapshot 4 For personal use only Focus: Mineral sands in North Perth Basin Share Code: IMA 12 Month Price Range: A$0.10 – A$0.18 per share Securities on Issue: 147.2m shares & 8.8M options Market Cap: A$16.5m Liquid Assets: A$1.4m at 30 June 2014 Debt: nil Top 20 Shareholders: 47.25%
Slide 5: Board & Management
Board & Management 5 For personal use only Experienced board and management Key Management Jon O’Callaghan Managing Director Collis Thorp Chief Operating Officer George Sakalidis Technical Director Non-executive Directors Peter Thomas NED Chairman Jeff Williams NED John Jones NED Locally available e
Slide 6: Our Projects
Our Projects 6 For personal use only Prime objective is to optimise and realise the value of our assets Boonanarring/Red Gully Targeting resource expansion EPA, water approvals imminent Moving towards development Evaluating development options Atlas/Cooljarloo Resource expansion and realising value
Slide 7: Boonanarring & Red Gully
Boonanarring & Red Gully 7 For personal use only Strategy • Increase resource base => min 10 mine year life • Review project studies => determine work to complete DFS • EPA, water approvals imminent • Marketing, off-take • Evaluate development, financing options => stand alone => JV => sale • Drilli
Slide 8: Boonanarring & Red Gully: Looking to increase resource base
Boonanarring & Red Gully 8 For personal use only Looking to increase resource base Boonanarring Resource: 21.5mt @ 8.5% => 1.77mt HM Gingin North (extensions) Resource: 2.4mt @ 5.5% => 140kt HM Target: up to a further 325-400kt HM @ 4-5% Red Gully (infill programme) Resource: 6.0mt @ 7.7% => 460kt H
Slide 9: Atlas/Cooljarloo Project
Atlas/Cooljarloo Project 9 For personal use only Near surface, high grade resource Atlas Resource: 10.8mt @ 7.8% => 854k t HM Target: Atlas South Options: Develop, JV, sale Upside (increase resources) Target: 15km (Munbinia) 8km (Munbinia West) up to 675-810kt HM @5- 6% Work Programme (2014/15) • Gr
Slide 10: Chandala/Gingin Project
Chandala/Gingin Project 10 For personal use only Potential for another large deposit Resource: Gingin Sth - 8mt @ 6.1% => 495kt HM Target: up to a further 1.3-1.5mt HM @ 5-6% Upside (large resources) • Focus presently on scarp • Other targets away from scarp being investigated Work Programme (2014/1
Slide 11: Bidaminna Project
Bidaminna Project 11 For personal use only Potential for large scale deposit Resource: 44.6mt @ 3% => 1.3mt HM Dredging material Target: up to an additional 100-150mt @ 2-4% HM Work Programme (2014/15) Characterisation drilling at Winooka Target: 34km – watch this space Refer to Resources Table page
Slide 12: Other Projects
Other Projects 12 For personal use only Near term value realisation opportunities Helene, Hyperion deposits • 15.2mt @ 5.4% => 810k t HM • Realise value: Discussions for JV or sale Mullering Brook (part of Cooljarloo Project) • Mineral delineation (target: around 2.3mt HM @3%) • Realise value: Discu
Slide 13: Summary
Summary 13 For personal use only An exciting suite of projects Boonanarring/Red Gully Targeting resource expansion EPA, water approvals imminent Moving towards development Evaluating development options Atlas/Cooljarloo Resource expansion and realising value Gingin/Chandala Targeting a second, large
Slide 14: Appendices
For personal use only APPENDICES THE TEAM RESOURCES & RESERVES 14
Slide 15: Competent Person Statement
COMPETENT PERSON STATEMENT 15 For personal use only COMPETENT PERSON’S STATEMENT – EXPLORATION RESULTS The information in this presentation that relates to exploration results is based on information compiled by George Sakalidis who is a member of the Australasian Institute of Mining and Metallurgy.
Slide 16: Key Executives
APPENDICES Key Executives 16 For personal use only Jon O’Callaghan – Managing Director Mr O'Callaghan is a corporate finance specialist, with almost 25 years’ experience in the financing, growth and development of natural resource companies. Previously based in Perth, Mr O’Callaghan has been based i
Slide 17: Non-Executive Directors
APPENDICES Non-Executive Directors 17 For personal use only Peter Thomas – Chairman Mr Thomas was a practising solicitor from 1980 until June 2011, specialising in the provision of corporate and commercial advice to the resource industry. Since the mid-1980s, he has served on the boards of various l
Slide 18: Reserves
Reserves 18 For personal use only PROBABLE RESERVES (2.5% cut off) ORE HM GRADE CONTAINED HM ZIRCON IN HM Mt HM % kt % Zircon Boonanarring 14.4 8.3% 1,200 24.5% Atlas 9.7 8.1% 800 11.0% TOTAL JORC RESERVES 24.1 8.2% 2,000 19.1%
Slide 19: Resources
Resources 19 For personal use only BOONANARRING/RED GULLY PROJECT (2.5% CUT OFF) Ore HM Slimes HM VHM Ilmenite Leucoxene Rutile Zircon (t) (%) (%) (t) (%) (%) (%) (%) (%) Boonanarring Deposit Measured 3,000,000 7.8 10.1 230,000 70 49 1 3 17 Indicated 14,300,000 9.0 17.2 1,270,000 80 49 6 3 22 Inferr
Slide 20: Resources (cont.)
Resources …./cont 20 For personal use only ATLAS/COOLJARLOO PROJECT (2.5% CUT OFF) Ore HM Slimes HM VHM Ilmenite Leucoxene Rutile Zircon (t) (%) (%) (t) (%) (%) (%) (%) (%) Atlas Measured 9,700,000 8.5 15.3 820,000 76 52 5 8 11 Atlas Indicated 1,080,000 3.2 19.2 34,000 74 53 8 7 6 TOTAL 10,780,000 7
Slide 21: Resources (cont.)
Resources …./cont 21 COOLJARLOO NORTH PROJECT (2.5% CUT OFF) For personal use only Ore HM Slimes HM VHM Ilmenite Leucoxene Rutile Zircon (t) (%) (%) (t) (%) (%) (%) (%) (%) Helene Indicated 11,500,000 4.6 18.6 520,000 84 70 1 3 11 Hyperion Indicated 3,700,000 7.8 19.3 290,000 71 56 0 6 9 TOTAL 15,20
Slide 22: Contact Us
CONTACT US 22 For personal use only www.imageres.com.au Principal Office 5 Mumford Place +61 8 9485 2410 BALCATTA WA 6021 admin@imageres.com.au
Slide 23: For personal use only
For personal use only 23