IMX Resources Ltd. - Appointment of Managing Director
20.10.2015 | FSCwire
West Perth WA (FSCwire) - IMX Resources (ASX: IXR, TSX: IXR, IXR.WT) (‘IMX’ or the ‘Company’) is pleased to announce the appointment of Mr Phil Hoskins as Managing Director, with immediate effect.Mr Hoskins has held the role of Chief Executive Officer since September 2014 and prior to that, spent almost three years as the Company’s Chief Financial Officer.
Mr Hoskins is a senior executive with more than 10 years of broad finance and commercial experience across resources exploration, project development and production as well as large-scale property developments requiring debt and equity financing.
His key focus at IMX has been guiding the Company through the discovery and development of its flagship Chilalo Graphite Project in south-eastern Tanzania. A Pre-Feasibility Study (‘PFS’) on Chilalo, one of the highest-quality flake graphite deposits in the world, is due to be completed next month.
IMX Chairman, Dr Derek Fisher, welcomed Mr Hoskins’ appointment.
“Phil has made a substantial contribution to IMX and led the Company’s repositioning, with our efforts directed firmly at development of the Chilalo Graphite Project and exploration at our highly prospective Nachingwea Property. It is appropriate that he now assumes the role of Managing Director and continues to steer the Company through this exciting growth phase,” he said.
“The release of the Chilalo PFS in November is highly anticipated by the Board and we are confident it will go a long way towards unlocking the value we see in this project. In addition, Phil and other IMX executives have developed extensive relationships with potential graphite partners throughout China that we expect will be formalised before the end of the calendar year.”
The Company confirms that there will be no material changes to Mr Hoskins’ existing employment agreement and his remuneration will remain the same (see ASX announcement 10 March 2015).
DEREK FISHER
Chairman
About IMX Resources Limited
IMX Resources is an Australian minerals exploration company that holds a 5,800 km2 tenement package at the Nachingwea Property in south-east Tanzania. The Nachingwea Property hosts the Chilalo Graphite Project, the Ntaka Hill Nickel Project and the Kishugu and Naujombo Gold Prospects. IMX’s primary focus is on high-grade, high quality graphite and it is rapidly advancing development of the Chilalo Graphite Project. Chilalo is located approximately 220 km by road from the deep water commercial Mtwara Port, the majority of which is a sealed main road. IMX aims to become a respected supplier of high quality graphite for the clean technology economy.
To find out more, please visit www.imxresources.com.au.