IMX Resources Limited: Appointment of Country Manager, Tanzania
PERTH, AUSTRALIA -- (Marketwire) -- 02/06/13 -- IMX Resources Limited
(ASX:IXR)(TSX:IXR)(TSX:IXR.WT) ('IMX' or the 'Company') is pleased to
announce the appointment of Heavenlight Edward Kavishe ('Kavishe') as
Country Manager, Tanzania, reporting to the Company's Managing
Director, Neil Meadows.
As Country Manager, Kavishe will be responsible for general
administration at IMX's offices in Dar es Salam, where he will be
based, and will work closely with Tanzanian government authorities
and industry stakeholders. Kavishe will also support the Company's
activities in community relations and regulatory and legal
While he was born and raised in Tanzania, Kavishe has lived, studied
and worked in Bulgaria, the United Kingdom, Japan, Canada and the
U.S.A. He holds degrees in Engineering and Business Administration
and post-graduate qualifications in business administration, project
management, privatization and utility regulation.
Kavishe has held leadership positions within Tanzanian government
agencies, including the National Development Corporation and the
Parastatal Sector Reform Commission, which was responsible for the
restructure and privatization of state owned enterprises under the
office of the President of the United Republic of Tanzania.
Managing Director Neil Meadows commented: "Kavishe's appointment
enhances our in-house capability and better positions the Company to
manage the development of the Ntaka Hill Nickel Sulphide Project and
to execute our growth strategy."
NEIL MEADOWS, Managing Director
About IMX Resources Limited
IMX Resources Limited is an Australian based mining and base &
precious metal exploration company dual-listed on the Australian and
Toronto stock exchanges (ASX:IXR)(TSX:IXR)(TSX:IXR.WT), 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 nicke
l sulphide projects and
has the potential to produce a very clean, high quality premium
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 JV 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), which is a dedicated uranium
exploration company, which is developing the Mkuju Uranium project in
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. There can be no assurance that the Proposed Transaction and
further activities in connection with the Proposed Transaction will
be successfully completed within expected time limits.
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.
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
IMX Resources Limited
+61 8 9388 7877
Professional Public Relations
+61 8 9388 0944
Press spacebar to pause and continue. Press esc to stop.