Update on Voluntary Administration of Termite Resources
12.09.2014 | FSCwire
West Perth, WA (FSCwire) - IMX Resources (ASX: IXR, TSX: IXR, IXR.WT) advises that further to the announcement on 19 June 2014 of the appointment of a voluntary administrator to Termite Resources NL, the second meeting of creditors is scheduled to be held on 15 September 2014.GARY SUTHERLAND
Managing Director
For further information, please contact:
IMX Resources Ltd.
Gary Sutherland, Managing Director
Tel: +61 8 8311 1110
Media
Nicholas Read/Paul Armstrong – Read Corporate
Telephone: +61 8 9388 1474
E: info@readcorporate.com.au
Phil Hoskins, Chief Executive Officer
Tel: +61 8 8311 1110
About IMX Resources Limited
IMX Resources Limited is an Australian-based exploration company, listed on the Australian Securities Exchange and Toronto Stock Exchange (‘TSX’), with projects located in Australia and East Africa.
In Tanzania, IMX controls the Nachingwea Property in south-eastern Tanzania. The Nachingwea Property lies in the world-class Mozambique Belt which is prospective for graphite, nickel, gold and copper mineralization.
At Nachingwea, IMX is carrying out exploration at its Chilalo graphite prospect and at its Kishugu gold prospect and there is a significant nickel resource at its Ntaka Hill nickel project.
In Australia, IMX is also progressing development options for its Mt Woods Magnetite Project. Studies indicate that a smaller scale, lower cost project may be developed utilizing infrastructure that has been used by the Cairn Hill Mine. Efforts to secure a partner to support development of the Mt Woods Magnetite Project are continuing.
Cautionary Statement: The TSX does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
On 19 June 2014, IMX announced the appointment of Voluntary Administrators to Termite Resources NL (“Termite”). Termite is wholly-owned by an incorporated joint venture entity, the board of which comprises nominees of IMX and Taifeng Yuanchuang International Development Co., Ltd. Termite holds the joint venture's interests in the Cairn Hill iron ore mine, located 55 kilometres south-west of Cooper Pedy in South Australia.
The first meeting of Termite creditors was held on 30 June 2014. The second meeting of Termite creditors is scheduled to take place on 15 September 2014.
Visit: www.imxresources.com.au