Exploration for high grade graphite, gold and nickel.
IMX Resources Limited is an Australian-based exploration company, listed on the Australian Securities Exchange and Toronto Stock Exchange, with exploration projects located in Tanzania, East Africa.
In Tanzania, IMX controls the Nachingwea Property in south-eastern Tanzania. The Nachingwea Property lies in the world-class Mozambique Belt which is prospective for graphite, nickel, gold and copper mineralization.
At Nachingwea, IMX is carrying out exploration at its Chilalo graphite prospect and at its Kishugu gold prospect and there is a significant nickel resource at its Ntaka Hill nickel project.
Exploration - Tanzania
IMX’s activities are focused on the highly prospective Nachingwea Property (IMX 85%, MMG 15%), a substantial land package (6.800km2) located in south-eastern Tanzania. The Nachingwea Property includes the Chilalo Graphite Prospect, the Kishugu Gold Prospect and the Ntaka Hill Nickel Sulphide Project.
At Chilalo, assays from 65 historical rock chip samples returned grades between 4.8% and 29.6% carbon, with an average grade of 12.9%, of which 41 samples were greater than 10% carbon. Additional assays from rock chip samples at Chilalo North returned 17.5%, 17.6% and 19.5% carbon.1
At Kishugu, exceptional gold in soil anomalies represent an outstanding exploration opportunity. Results of soil sampling have identified an extensive, coherent, gold-in-soil anomaly measuring 600m by 5.5km, with peak gold values of 904ppb Au, 793ppb Au and 437ppb Au.1
Ntaka Hill Mineral Resource
At Ntaka Hill, there is a significant mineral resource2 as follows:
• Total Measured and Indicated Resources: 20Mt @ 0.58% nickel and 0.13% copper (0.3% nickel cutoff) for 117,000 tonnes of contained nickel metal; and• Total Inferred Resources: 36Mt @ 0.7% nickel and 0.14% copper (0.3% nickel cutoff) for 238,500 tonnes of contained nickel metal.
IMX is manager of activities at the Nachingwea Property under a joint venture with MMG who holds a 15% interest.