Image has been aware of building institutional investor interest in the stock, however, limited liquidity in IMA shares has presented a hurdle to the crystallization of some of this demand.
Today's partial divestment by Murray Zircon has facilitated the introduction of select new institutional investors to the register and the Company welcomes them as new investors.
Managing Director and CEO
Murray Zircon has always been, and continues to be a supportive shareholder, and we are grateful Murray Zircon has been able to provide liquidity to facilitate new institutional investors joining our register.
We look forward to continuing to have Murray Zircon as a major shareholder and we welcome our new shareholders to the register.'
Image Resources Background Information
Image is Australian's newest mineral sands mining company, operating open-cut mining and ore processing facilities at its 100%-owned, high-grade, zircon-rich
Image completed its inaugural full year (CY2019) of successful operations with performance exceeding targets in all major categories, including significantly higher HMC production and lower operating costs than forecast. CY2019 market guidance was met after being increased twice during the year.
The Company is focused on maintaining its strong operational and health, safety and environmental performance and has prioritised the identification of new Mineral Resources and Ore Reserves, within economic pumping distance of the current wet concentration plant, to extend the mine life at Boonanarring.
Contact:
Tel: +61 8 9485 2410
Email: info@imageres.com.au
Web: www.imageres.com.au
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