New Hematite Occurrence at Mt Woods Project Emphasizes DSO Expl

FSC / Press Release 
New Hematite Occurrence at Mt Woods Project Emphasizes DSO Exploration Potential 
8.4 Metres @ 59.1% Fe 
West Perth, Australia, April 03, 2014 /FSC/ - IMX Resources Limited(ASX: IXR,
TSX: IXR, IXR.WT) is pleased to advise that it has identified a significant
occurrence of high-grade hematite from previous drilling at its Mt Woods
Project, located near its operating Cairn Hill Mine in South Australia. 
The recent extension of the Cairn Hill Mine (see ASX announcement 1 April 2014)
and exploration for direct shipping hematite are key pillars in the Company's
strategy to establish a minimum five year life at the Cairn Hill operation. This
occurrence enhances confidence that further discoveries of direct shipping
hematite ore ("DSO") on the Mt Woods tenements will be made, supporting the
Company's ongoing exploration efforts in the region. 
The intersection was identified in core drilled by former JV partner OZ Minerals
Limited ("OZ Minerals") who were exploring for copper. Assaying of the hematite
rich interval returned: 
8.4 metres @ 59.1% Fe (from 406.7m, see Table 1). 
This intersection at Fyans is too deep and narrow to be of direct economic
significance, but clearly demonstrates that the geochemical processes that
created Arrium's hematite mineralisation at Peculiar Knob were also active on
the Mt Woods tenements. 
IMX only recently took possession of the core and visual inspection of the
iron-rich intersection from the Fyans Prospect (hole DD12FYA002) confirmed
strong mineral and textural similarities with the style of hematite
mineralisation at Arrium Limited's nearby Peculiar Knob mine. The Fyans Prospect
is located approximately 11km south-west of Peculiar Knob (see Figure 1). 
IMX's recent DSO exploration work has shown that gravity surveys and magnetics
data are reliable and cost-effective exploration tools for hematite under cover
(see ASX announcement 21 March 2014). Since announcing this exploration
information on 21 March 2014, IMX is not aware of any new information or data
that materially affects the information included in that announcement. 
Table 1: Hematite Fe% intercepts in hole DD112FYA002 - Fyans Prospect 
------------ ------ ------- ------  -------  ------ ------- ---------  --------- 
Main iron 
Hole        From    To    Width   Fe %    P %    S %    SiO2 %        mineral
------------ ------ ------- ------ -------- ------ ------- --------- -----------
DD12FYA002    384.0  389.3    5.3    49.80   0.03   0.02    20.75      Magnetite
DD12FYA002    406.5  414.9    8.4    59.10   0.04   0.10    11.70       Hematite
  Includes    411.0  414.9    3.9    61.30   0.04   0.14     8.42       Hematite
------------ ------ ------- ------ -------- ------ ------- --------- -----------
Intersections calculated using (greater or equal)30% Fe, Internal waste
(less than or equal)4m, for details of sampling techniques, see Appendix 1.
Internal waste great than or equal to 4m, for details of sampling techniques,
see Appendix 1. 
Managing Director Gary Sutherland said the discovery of a significant interval
of high-grade DSO hematite from historical drilling was an important
"While this intersection in itself is not economic, it provides conclusive
evidence that high-grade coarse specular hematite mineralisation does indeed
occur on our Mt Woods tenements. 
"It provides further encouragement to apply the geophysical techniques over the
Company's large Mt Woods tenement package. 
"This reinforces the validity of our broader strategy which is aimed at building
on the strong foundations of our existing South Australian iron ore business to
create a minimum five-year life for our Cairn Hill operation," he added. 
Gary Sutherland
Managing Director 
For further information, please contact: 
Gary Sutherland
Managing Director
Tel: +61 8 9388 7877 
Phil Hoskins
Chief Financial Officer
Tel: +61 8 9388 7877 
Paul Armstrong/Nicholas Read - Read Corporate
Telephone: +61 8 9388 1474
Competent Person's Statement 
Information in this announcement relating to exploration results in connection
with the Mt Woods hematite exploration program 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 IMX. Mr Hill has sufficient relevant experience to
qualify as a Competent Person under the 2012 Edition of the Australasian Code
for the Reporting of Exploration Results, Mineral Resources and Ore Reserves and
as a qualified person under Canadian National Instrument 43-101. Mr Hill
approves and consents to the inclusion of the information in the form and
context in which it appears. 
About IMX Resources Limited 
IMX Resources Limited is an Australian-based mining and exploration company,
listed on the Australian Securities Exchange and Toronto Stock Exchange ("TSX"),
with projects located in Australia and East Africa.
In Australia, IMX operates and owns 51% of the Cairn Hill Mine, located 55km
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. This
operation generates cash flow which underpins the IMX investment proposition. 
IMX is also actively exploring for direct shipping hematite at its Mt Woods
tenements, located near the Cairn Hill Mine, and progressing development options
for its Mt Woods Magnetite Project. Studies indicate that a smaller scale, lower
cost project may be developed utilising existing infrastructure already in use
at the Cairn Hill Mine. Efforts to secure a partner to support development of
the Mt Woods Magnetite Project are continuing. 
In Africa, IMX owns the highly prospective Ntaka Hill Nickel Sulphide Project,
located within the broader 6,800km2 Nachingwea Exploration Project in
south-eastern Tanzania which is prospective for nickel and copper sulphide, gold
and graphite mineralization. Ntaka Hill is a potentially world-class nickel
sulphide project which is being explored under a US$60 million exploration joint
venture with MMG Exploration Holdings Limited. 
Cautionary statement: The TSX does not accept responsibility for the adequacy or
accuracy of this news release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
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 or 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. These factors
include the inherent risks involved in the exploration and development of
mineral properties, the uncertainties involved in interpreting geological data,
fluctuating metal prices, the possibility of project cost overruns or
unanticipated costs and expenses, the ability of contracted parties to provide
services as contracted, uncertainty concerning relevant regulatory approvals,
uncertainties relating to the availability and costs of financing needed in the
future and other factors. 
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
Figure 1. Location of Fyans Prospect at Mt Woods with infrastructure and
regional deposits/prospects 
Please click on the link below to view the image: 
Appendix 1: JORC 2012 Table 1 
Section 1. Sampling Techniques and Data 
To view Section 1 table, please click on the following link: 
Section 2. Reporting of Exploration Results 
To view section 2 table, please click on the following link: 
To view section 2 table, please click on the following link: 
Source: IMX Resources Limited (ASX: IXR, TSX: IXR, IXR.WT)
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-0- Apr/03/2014 22:25 GMT
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