Indiana Resources Ltd.

IMX Resources is pleased to announce that it has delineated an extensive new gold-in-soils anomaly located approximately 35km north-east of its Kishugu Gold Prospect on its Nachingwea Property in south-eastern Tanzania. The location of Naujombo and its proximity to Kishugu are shown in Figure 1. The new anomaly, which has been named Naujombo, was identified from geochemical and geophysical datasets. It is in a similar [...]

IMX Resources is pleased to advise that the scoping report and terms of reference for the environmental impact assessment study (EIA) on the Company’s proposed graphite mine development at Chilalo in south-eastern Tanzania have been approved by the National Environment Management Council of Tanzania. This follows the Council’s review of the scoping report and terms of reference for the EIA and the Council’s registration [...]

IMX Resources is pleased to advise that the Tanzanian Fair Competition Commission has approved the Ntaka Hill Nickel Project joint venture with Loricatus Resource Investments, an investment vehicle of Mauritius-based mining private equity fund, Fig Tree Resources Fund II. This follows receipt of the Ntaka Hill retention licence on 13 April 2015, and means that all conditions precedent to the transaction have now been [...]

IMX Resources is pleased to advise that Perth-based processing engineering consultancy group BatteryLimits Pty Ltd recently completed its high-level study into the feasibility of various development options for IMX’s Chilalo Graphite Project in south-eastern Tanzania. “The high-level study confirms that the Chilalo Graphite Project presents a near-term development opportunity and supports our decision to commence a [...]

IMX Resources is pleased to announce that the development of the Chilalo Graphite Project has been accepted for registration by the National Environment Management Council. This follows the Council’s review of the Company’s development plans at Chilalo and the potential environmental and social impacts associated with such development. The next step is to prepare a full Environmental and Social Impact Assessment (ESIA [...]

IMX Resources is pleased to advise that it has received a prepayment of US$300,000 under the joint venture agreement over the Ntaka Hill Nickel Project with Loricatus Resource Investments, an investment vehicle of Mauritius-based mining private equity fund, Fig Tree Resources Fund II. The prepayment, which follows receipt of the Ntaka Hill retention licence on 13 April 2015, represents US$300,000 of the total upfront [...]

IMX Resources is pleased to advise that it has signed a Memorandum of Understanding with China-Base Ningbo Foreign Trade for the future sale of graphite concentrate from the Company’s Chilalo Project. China-Base Ningbo represents end users interested in high purity, coarse flake graphite for manufacture of batteries for electric vehicles. Based on the recently announced initial metallurgical results, they consider Chilalo [...]

IMX Resources is pleased to advise that it has cleared a key regulatory hurdle required for completion of its joint venture agreement with Loricatus Resource Investments, an investment vehicle of Mauritius-based mining private equity fund, Fig Tree Resources Fund II. The Tanzanian Ministry for Energy and Minerals has granted a five year retention licence over the Ntaka Hill tenement, one of the two tenements that is the [...]

IMX Resources is pleased to announce that it has successfully raised A$1.57 million (before costs) to fast-track its 100%-owned Chilalo Graphite Project in Tanzania. The Company has completed a share placement of 157 million shares at an issue price of 1.0 cent per share to sophisticated and professional investors. A number of new institutional investors participated in the Placement which was oversubscribed.

IMX Resources is pleased to announce that its strategy to fast-track the development of its Chilalo Graphite Project in south-eastern Tanzania has taken a major step forward with the completion of a maiden Inferred Mineral Resource, in accordance with JORC 2012. The Mineral Resource estimate, comprising 7.4 million tonnes grading 10.7% Total Graphitic Carbon (TGC), for 792,000 tonnes of contained graphite (within the >5 [...]