Slide 1: Image Resources NL - May 2016
For personal use only ASX:IMA May 2016 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: Investment Highlights
Investment Highlights 3 For personal use only Focused on bringing Boonanarring into production in early 2017 Location advantage Situated in the heart of WA mineral sands province, just north of Perth Adjacent to major highway, access to power & gas Neighboured by majors Tronox and Iluka Boonan
Slide 4: Corporate Snapshot
CorporateSnapshot Corporate Snapshot 4 For personal use only Management highly experienced in mining and mineral sands Share Code: IMA Key Management Share Price: A$0.08 Collis Thorp – Chief Executive Officer 12 Month Price Range: A$0.046 – 0.11 Mechanical Engineer, previous MD Cable Sands, CEO Moly
Slide 5: About Murray Zircon & OZC
About Murray Zircon & OZC 5 For personal use only Experienced & well-credentialed partners Murray Zircon Incorporated joint venture, 65% owned by OZC Owns and operated the Mindarie mineral sands project in 150km east of Adelaide in South Australia Redeveloped & recommenced mining in 2011/2012,
Slide 6: Boonanarring Project Schedule
Boonanarring Project Schedule 6 For personal use only Aiming for first production in early 2017 2015 2016 2017 May May Aug Aug Nov Nov Sep Sep Sep Dec Dec Mar Mar Feb Jun Feb Jun Jan Jan Apr Apr Oct Oct Oct Jul Jul MZ due diligence / agreements Execution of agreements CPs & transaction completion
Slide 7: Boonanarring Approvals
Boonanarring Approvals 7 For personal use only Approvals are well-advanced Mining Lease & General Purpose Lease Part IV, Environmental Protection Act (WA) – PER EPBC Act (Commonwealth) FIRB Approval for merger as contemplated in the MoU Landowner access agreements Section 5C Groundwater Abst
Slide 8: North Perth Basin Projects
North Perth Basin Projects 8 For personal use only High VHM and very high Zircon grade at Boonanarring Ore HM Slimes VHM Ilmenite Leucoxene Rutile Zircon Probable Reserves (Mt) (%) (%) (%) (%) (%) (%) (%) Boonanarring1 14.4 8.3 17.0 80 47 6 3 25 Atlas1 9.7 8.1 15.5 74 55 1 7 11 TOTAL 24.1 8.2 16.4 7
Slide 9: Boonanarring Project
Boonanarring Project 9 For personal use only Image’s flagship asset Initial Feasibility Study completed in July 2013 with a mine life of 7 years Feasibility Study update underway incorporating detailed mine planning and the Murray Zircon WCP EPA approved, water licence imminent – other require
Slide 10: Appendices
For personal use only APPENDICES THE TEAM RESOURCES & RESERVES 10
Slide 11: Competent Person's Statement
APPENDICES Competent Person’s Statement 11 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 an
Slide 12: Key Management
APPENDICES Key Management 12 For personal use only Collis Thorp (FAICD) – Chief Executive Officer Collis Thorp joined Image in May 2014. He has enjoyed a career of over 45 years in the resources industry, encompassing a broad range of commodities. His 18 years of mineral sands experience includes se
Slide 13: Directors
APPENDICES Directors 13 Current Directors For personal use only George Sakalidis – Exploration Director George Sakalidis is an exploration geophysicist with over 25 years’ industry experience, during which time his career has included extensive gold, diamond, base metals and mineral sands exploratio
Slide 14: Directors
APPENDICES Directors 14 Mr Patrick Mutz – Managing Director For personal use only Patrick Mutz has more than thirty years of international mining industry experience in technical (metallurgist), managerial, consulting and executive roles in all aspects of the industry from exploration through projec
Slide 15: Reserves
Reserves 15 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% Refer to the 31 May ASX release http:// 1 Refer to the 31 May ASX releas
Slide 16: Resources (1/3)
Resources (1/3) 16 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
Slide 17: Resources (2/3)
Resources (2/3) 17 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 7.9
Slide 18: Resources (3/3)
Resources (3/3) 18 For personal use only COOLJARLOO NORTH PROJECT (2.5% CUT OFF) 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 15,200,
Slide 19: Contact
Contact Contact 19 For personal use only Principal Office Principal Contact Ground Floor, 23 Ventnor Avenue Collis Thorp, CEO West Perth WA 6005 Office:+61 8 9485 2410 Mobile:+61 413 705 075 www.imageres.com.au Email: cthorp@imageres.com.au
Slide 20: For personal use only
For personal use only 20