In South Australia, IMX Resources holds seven exploration licences southeast of Coober Pedy, which together form the Mt Woods Project.
The Mt Woods Project is considered to be highly prospective for magnetite and base metals mineralisation. The Mt Woods Inlier hosts IMX’s Cairn Hill iron ore-copper-gold mine and OZ Minerals Ltd’s Prominent Hill copper-gold mine.
The licences are the basis of two operating projects;
IMX intends to develop a substantial magnetite mining business in South Australia based on the quality resources and deposits identified within the Mt Woods Iron project area. Where possible, IMX will be seeking to utilise its existing mining and transport infrastructure in the region to support the development of an expanded magnetite mining business.
To date over half a billion tonnes of magnetite mineral resources have been identified at the Snaefell deposit, located 12 km from the Cairn Hill Mine. Recent drilling has identified a new zone of magnetite mineralisation at the Tomahawk prospect.
In addition there are a number of other iron ore prospects and new targets, including Fitzgerald Dam, Bumblebee and Penrhyn that are undergoing further exploration.
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