Thanks Booey, and your right it is excellent and worth of...

Thanks Booey, and your right it is excellent and worth of reproduction on this forum:-


The other news worth noting this week came out of Image Resources . This Perth-based junior has just announced that a second Chinese player, a private financial group based in Beijing, has signed a memorandum of understanding covering Image’s heavy minerals deposit in the North Perth Basin, with its high zircon grades. In February an MOU was also signed with a company associated with the Hainan provincial government in southern China.

Image has made some extraordinary discoveries in the basin, much of it near the operations of Iluka and the foreign-controlled Tiwest joint venture. Extraordinary in size as well as grade. (Meanehile, Image has also returned zircon grades up to 45 per cent in the Eucla Basin.)

It was only a matter of time before these heavy minerals assets became the subject of a bidding war, or a takeover of Image.

Consider the prize: all of 6.4 million tonnes of contained heavy mineral (limonite, zircon, rutile/leucoxene), most of that at the advanced Cooljarloo deposit. Image is targeting 20 million contained tonnes across all its properties. It is on its way: at the Atlas deposit there is an open-ended 900m high grade zone near the surface.

Watch this space!