Image Resources NL traded at 0.05 this Wednesday February 4th. Looking back, over the last four weeks, Image Resources NL lost 1.82 percent. Over the last 12 months, its price fell by 39.33 percent. Looking ahead, we forecast Image Resources NL to be priced at 0.05 by the end of this quarter and at 0.05 in one year, according to Trading Economics global macro models projections and analysts expectations.
Image Resources NL is an Australia-based mineral sands focused mining company. The Company is engaged in operating an open-cut mine and ore processing facility at its 100%-owned, high-grade, zircon-rich Boonanarring Project, located 80 kilometers (km) north of Perth in the infrastructure rich North Perth Basin. The Boonanarring Project comprises a zircon rich open pit mine and wet concentrate plant (WCP). The project produces zircon rich, heavy mineral concentrate (HMC) which is exported to international markets through the port of Bunbury. The Company’s Atlas Development Project is s located 90 km north of Boonanarring. Its mineralization extends from surface to 16 meters (m) depth and has an average thickness of 3.5 m and a maximum thickness of 12 m. The Company’s tenements are located in Western Australia, and all mineral sands related tenements are located in the North Perth Basin, across a combined area of 1,704 square kilometers.