China offtake deal offers cashflow

摘要

IMX RESOURCES LTD aims to bring its Cairn Hill iron ore and copper project in Coober Pedy into production by early next year and, in the process, help to revitalise the South Australian town. Trial mining began at Cairn Hill early last month and is proposed to produce 20,000 tonnes of run-of-mine ore grading 50 percent magnetite and 0.4 percent copper, ahead of a start to commercial mining slated for the September quarter.