Image Resources NL ( (AU:IMA) ) has provided an update.
Image Resources NL has made significant progress in the development of its Atlas project, with construction advancing despite delays due to bushfires. The company has secured a US$20 million HMC Offtake Prepayment Facility with a Chinese partner, ensuring the Atlas project’s funding through to its first revenue anticipated in Q2 2025. The successful execution of this agreement positions Image Resources for a return to positive cash flow in the first half of 2025, as they aim to deliver on time and budget.
More about Image Resources NL
Image Resources NL is a company operating in the mineral sands industry, focusing primarily on the extraction and production of heavy mineral concentrate (HMC). The company has a market focus on mineral sands projects in Australia, recently advancing the Atlas project.
YTD Price Performance: 16.00%
Average Trading Volume: 50,430
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €62.59M
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