The Board of IMX Resources NL (ASX:IXR) is pleased to announce it has signed a detailed
Heads of Agreement with Jilin Tonghua Iron & Steel (Group) Mining Co., Ltd (“Tonghua Mining”)
for the offtake of Cairn Hill ROM magnetite / copper ore in South Australia and a share placement
at 85 cents per share to raise $13.93 million.
The sales offtake arrangement is Tonghua Iron & Steel’s first foray into the Australian resources
sector.
Sales Offtake
major chinese steel group invests in imx resou, page-3
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