mongolia project

From today's announcement:
Regular progress updates will
be announced and published over coming months.

IMXM has advised that the initial exploration on the Project, between September and December 2010 has
covered 4,500m of a drilling program, consisting of 9 drill holes and 8 well logging. 216 core coal samples have
been collected and assayed. The current drilling program is based on 2,000m by 2,000m scale.
IMXM has advised MUI that it has discovered coal in the Licence area and will commence the next phase of the
drilling program promptly, with a view to defining a JORC compliant coal resource.


With coal discovered in the licence area and the next phase of the drilling program in progress, this looks like a positive outlook re the IMXM coal project.