IMX Resources Limited: Gravity Survey Extends the Area of Potential Mineralisation at Ntaka Hill Nickel Sulphide Project

IMX Resources Limited: Gravity Survey Extends the Area of Potential 
Mineralisation at Ntaka Hill Nickel Sulphide Project 
PERTH, AUSTRALIA -- (Marketwire) -- 02/03/13 -- IMX Resources Limited
(TSX:IXR)(TSX:IXR.WT)(ASX:IXR) ('IMX' or the 'Company') is pleased to
report that results from a recently completed gravity survey campaign
in the Ntaka Hill-Lionja trend, within its Nachingwea land package,
have indicated the presence of a significantly larger area of
ultramafic rocks associated with the Ntaka Hill Nickel Sulphide
Project ('Ntaka Hill') that have the potential to be mineralised.  
The gravity survey highlighted the extent of ultramafic rocks, which
host the nickel mineralisation at Ntaka Hill, within the dense
ultramafic rocks surrounded by less dense altered sedimentary rocks
or para-gneisses. The image of the gravity survey clearly outlines
the more dense rocks surrounded by less dense 'country' rock (see
Figure 1).  
The large extent of the newly interpreted ultramafic rocks away from
the existing areas of known mineralisation at Ntaka Hill provides a
significantly larger area for the Company to target its exploration
aimed at extending the known Nickel Sulphide Resource.  
These findings have the potential to impact on the development
options for Ntaka Hill.   
Managing Director Neil Meadows commented: "We are very encouraged by
the results of the gravity survey, highlighting the potential
increase in the extent of ultramafic rocks and mineralisation at
Ntaka Hill and remain confident that there are further zones of
mineralisation to be discovered. Enhancing our understanding of the
area of mineralisation and therefore the potential size of the
resource is a priority for the 2013 drilling program, the results of
which will be central to the Company's decisions on development of
the project."  
Preparations for the 2013 drilling program are well advanced and on
track for commencement subsequent to the Tanzanian wet season. 
NEIL MEADOWS, Managing Director  
To view "Figure 1. Ntaka Hill Gravity Image," please visit the
following link:
http://media3.marketwire.com/docs/IXR0301_Figure1.pdf. 
About IMX Resources Limited  
IMX Resources Limited is an Australian based mining and base and
precious metal exploration company listed on the Australian
Securities Exchange ('ASX') and Toronto Stock Exchange ('TSX'), with
exploration projects located in Australia, Africa and North America.  
In Africa, IMX owns and operates the highly prospective Nachingwea
Exploration Project in southeast Tanzania, which includes the
potentially world-class Ntaka Hill Nickel Sulphide project.
Nachingwea is highly prospective for nickel and copper sulphide, gold
and graphite mineralisation. The Ntaka Hill Nickel Sulphide Project
is one of the world's best un-developed nickel sulphide projects and
has the potential to produce a very clean, high-quality premium
nickel concentrate.  
In Australia, IMX operates and owns 51% of the Cairn Hill Mining
Operation, located 55 kilometres south-east of Coober Pedy in South
Australia, where it produces a premium coarse-grained
magnetite-copper-gold DSO product at a rate of 1.8Mtpa.  
IMX is actively developing the Mt Woods Magnetite Project on the
highly prospective Mt Woods Inlier in South Australia. IMX currently
has a JORC Inferred Resource of 569Mt @ 27% Fe at the Snaefell
Magnetite Deposit and a Global Exploration Target of between
200-380Mt @ 25-35% Fe elsewhere in the project. Studies indicate that
coarse grained concentrates that could be produced at Snaefell have
the potential to produce a direct sinter feed product which has the
potential to attract a significant price premium.  
IMX has also entered into a joint venture with OZ Minerals Limited
(the Mt Woods Copper-Gold JV Project) to explore the Mt Woods
tenements for copper and gold. OZ Minerals Limited is spending a
minimum of $20 million for a 51% interest in the non-iron rights,
with IMX retaining a 49% interest in the non-iron ore rights and 100%
of the iron rights.  
IMX owns 25.65% of Uranex (ASX:UNX), which is a dedicated uranium
exploration company, which is developing the Mkuju Uranium project in
southern Tanzania.  
Visit: www.imxresources.com.au  
Forward-looking Statements: This News Release includes certain
"forward-looking statements". Forward-looking statements and
forward-looking information are frequently characterised by words
such as "plan," "expect," "project," "intend," "believe,"
"anticipate", "estimate" and other similar words, or statements that
certain events or conditions "may", "will" or "could" occur. All
statements other than statements of historical fact included in this
release are forward-looking statements or constitute forward-looking
information. There can be no assurance that such information of
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
information. Important factors could cause actual results to differ
materially from IMX's expectations.  
These forward-looking statements are based on certain assumptions,
the opinions and estimates of management and qualified persons at the
date the statements are made, and are subject to a variety of risks
and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements or information. Such factors include the
inherent risks involved in the exploration and development of mineral
properties, the uncertainties involved in interpreting drilling
results and other geological data, fluctuating metal prices, the
possibility of project cost overruns or unanticipated costs and
expenses, the ability of contracted parties (including laboratories
and drill companies to provide services as contracted); uncertainties
relating to the availability and costs of financing needed in the
future and other factors. Mineral resources that are not mineral
reserves do not have demonstrated economic viability. Exploration
Target tonnage quantity and grades estimates are conceptual in nature
only. These figures are not resource estimates as defined by the JORC
(2004) or NI 43-101, as insufficient exploration has been conducted
to define a mineral resource and it is uncertain if further
exploration will result in the target being delineated as a mineral
resource.  
IMX undertakes no obligation to update forward-looking statements or
information if circumstances should change. The reader is cautioned
not to place undue reliance on forward-looking statements or
information. Readers are also cautioned to review the risk factors
identified by IMX in its regulatory filings made from time to time
with the ASX, TSX and applicable Canadian securities regulators. 
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. 
Contacts:
IMX Resources Limited
Neil Meadows
Managing Director
+61 8 9388 7877
nmeadows@imxres.com.au
www.imxresources.com.au 
Professional Public Relations
Tony Dawe
Investor Relations
+61 8 9388 0944
tony.dawe@ppr.com.au
 
 
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