Ann: Mt Woods Scoping Study Demonstrates Developm, page-3

re: Ann: Mt Woods Scoping Study Demonstrates ... IMX Resources: Mt Wood magnetite project viable for development

http://www.proactiveinvestors.com.au/companies/news/44094/imx-resources-mt-wood-magnetite-project-viable-for-development-44094.html

IMX Resources (ASX/TSX:IXR) could mine magnetite from Mt Woods at lower capital and project complexity than current magnetite projects in Australia a Scoping Study has found today.

The Scoping Study concluded that the infrastructure required to develop the Mt Woods Project is already in place and could be used by IMX’s Cairn Hill mine.

The Mt Woods project is located approximately 15 kilometres south-west of IMX’s operating Cairn Hill Mine (IMX 51%) near the town of Coober Pedy in South Australia.