IMX Resources Limited is pleased to announce it has completed an Inferred Mineral Resource estimate for its Zeppelin deposit that forms part of the Company’s Ntaka Hill Nickel Sulphide Project, located in south-east Tanzania. The Inferred Mineral Resource estimate for the Zeppelin deposit is located in close proximity to the Ntaka Hill resource, where calculated at a cut-off grade of 0.20% Ni, there is a Measured and Indicated Mineral Resource of 12.8Mt at 1.21% Ni and 0.25% Cu for 155kt of contained Ni and 32kt of contained Cu respectively and an Inferred Mineral Resource of 45.0Mt at 0.30% Ni and 0.07% Cu for 135kt of contained Ni and 32kt of Cu respectively.

The Mineral Resource estimate for the Zeppelin deposit is based on data obtained from 26 diamond drill holes totalling 4,462m, completed to explore for and delineate the various sulphide lenses at a nominal 65m drill section spacing. The drilling data included 20 holes of exploration diamond drilling completed during 2012. The Zeppelin deposit has now been defined over 465m and remains open uplunge to the north, down plunge to the south and down dip to the west and work to date indicates that it forms part of a larger system of stacked mineralized zones which may be connected. The Sleeping Giant deposit and the Zeppelin, H, NAD013 and L deposits have the potential to comprise a single mineralised system, conducive to open-pit mining.

The assays from the Zeppelin mineralisation also indicate consistently high nickel tenor, similar to the mineralisation in the Sleeping Giant, NAD013, H and L deposits which have been shown to exhibit excellent metallurgical performance and allow for production of a high grade nickel concentrate. Representative drill core samples from the Zeppelin deposit have been taken and are currently en-route to G & T Metallurgical Laboratories in Kamloops, Canada, where the mineralogical characteristics will be assessed and flotation tests will be carried out to determine the metallurgical response of the mineralisation to the same processing flow sheet as the other mineralised zonesIMX Managing Director Neil Meadows said, “This is an important step forward in advancing the Ntaka Hill Project. The mineral resources have the potential for lower cost open pit mining and the similarity with nearby mineralisation that demonstrated encouraging metallurgical test work results, indicates that material from Zeppelin will also show good metallurgical performance.”