IMX Appoints Azure Capital as Corporate Advisor

IMX Appoints Azure Capital as Corporate Advisor 
WEST PERTH, AUSTRALIA -- (Marketwire) -- 02/04/13 -- IMX Resources
Limited (TSX:IXR)(TSX:IXR.WT)(ASX:IXR) ('IMX' or the 'Company') is
pleased to announce that it has appointed Azure Capital Limited
('Azure') as its corporate advisor. 
One of Azure's first tasks will be to assist IMX in an evaluation of
the Mt Woods Magnetite Project (the 'Mt Woods Project'), prior to
advising the Company on the strategic commercial options for the
project.  
IMX has defined a JORC Inferred Mineral Resource of 569 million
tonnes at 27% Fe at the Snaefell Magnetite Deposit and a global
exploration target of between 200-380 million tonnes at 25-35% Fe
elsewhere across the Mt Woods' Project area. The Company has also
previously completed a scoping study on the project with the Snaefell
resource as the basis.  
Managing Director Neil Meadows commented: "The appointment of Azure
to assist in developing commercial options for the Mt Woods Project
is a positive step towards realising the value of our investment in
the project. It also represents a significant vote of confidence in
IMX, our projects and our people by Azure and we look forward to
working closely with them in the future." 
In addition to advising the Company on the strategic commercial
options for the Mt Woods Project, Azure has been mandated to advise
the Company across a broad range of corporate issues, including the
ongoing exploration and development work programs within the
Nachingwea property in Tanzania, and extracting maximum value from
the Ntaka Hill Nickel Sulphide Project.  
NEIL MEADOWS, Managing Director 
About IMX Resources Limited 
IMX Resources Limited is an Australian based mining and base and
precious metals 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 south-east 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-d
eveloped 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 (the Mt
Woods Copper-Gold Joint Venture Project) to explore the Mt Woods
tenements for copper and gold. OZ Minerals is spending a minimum of
$20M for a 51% interest in the non-iron rights, with IMX retaining a
49% interest in the non-iron rights and 100% of the iron ore rights.  
IMX owns 25.65% of Uranex (ASX:UNX), a dedicated uranium exploration
company, which is developing the Mkuju Uranium project in southern
Tanzania.  
Visit: www.imxresources.com.au 
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.  
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
fluctuating metal prices, uncertainty in equity markets and other
factors. Mineral resources that are not mineral reserves do not have
demonstrated economic viability.  
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.  
Competent Persons / Qualified Person / NI 43-101 Statement  
Information relating to the Inferred Mineral Resource at the Snaefell
Magnetite Deposit is based on data compiled by Mr Peter Hill who is a
Member of the Australian Institute of Geoscientists, and who is a
full-time employee of the Company. Mr Hill has sufficient relevant
experience to qualify as a Competent Person under the 2004 Edition of
the Australasian Code for reporting of Exploration Results, Mineral
Resources and Ore Reserves. Mr Hill consents to the inclusion of the
data in the form and context in which it appears. 
Contacts:
IMX Resources Limited
Neil Meadows
Managing Director
+61 8 9388 7877
nmeadows@imxres.com.au 
Professional Public Relations
Tony Dawe
Investor Relations
+61 8 9388 0944
tony.dawe@ppr.com.au
 
 
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