Exploration target balloons at Mt Forrest
PERTH (miningweekly.com) – Metals Developer IMX Resources has increased the exploration target at its Mt Woods magnetite project to between 1.5-billion and 1.8-billion tons, after the discovery of a new iron-rich magnetite formation at the Axehead and Tomohawk North prospects.
The ASX- and TSX-listed company said on Wednesday that six prospects were drilled at the South Australian project, which increased the Mt Woods exploration target by between 168-million and 214-million tons.
“The latest results have boosted our global exploration target for Mt Woods beyond one-billion tons and confirms that the Mt Woods project has significant resource upside, as we have only scratched the surface from an exploration perspective,” said IMX MD Neil Meadows.
He noted that the company believed that the Mt Woods project had excellent development potential, with the ability to produce high-grade, coarse-grained magnetite concentrate that was in strong demand globally, and was attracting premium prices from steel producers.
“IMX is working hard to find a development partner to realise this potential for shareholders,” Meadows added.
Earlier this year, IMX appointed a corporate adviser to assess options for its Mt Woods magnetite project.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation