Image Resources NL (AU:IMA) has released an update.
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Image Resources NL is advancing with its Atlas project, having secured several key permits and anticipating the start of construction in Q3 2024, with potential commissioning by early 2025. Despite delays, significant progress was made in the June quarter, and the company closed out the previous year with A$46 million in cash reserves, planning to fund the relocation of Boonanarring equipment to Atlas. Additionally, a positive pre-feasibility study on the Yandanooka project has prompted progression to a bankable feasibility study.
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