IMX Resources: Chilalo Graphite Reserve Confirms Robust Potential
West Perth WA (FSCwire) – IMX Resources Limited (ASX: IXR) (‘IMX’ or the ‘Company’) is pleased to announce the declaration of the maiden Ore Reserve for its Chilalo Graphite Project located in south-east Tanzania. The Ore Reserve estimate was prepared primarily to assist in addressing concerns raised by the Australian Securities and Investments Commission (‘ASIC’) in relation to a prospectus lodged by Graphex Mining Limited (‘Graphex’) on 4 April 2016 (the ‘Original Prospectus’) (see ASX announcements 27 April 2016 and 3 May 2016).
SOURCE: INDIANA RESOURCES
DATE: MAY 10, 2016