Company Information for IMX Resources NL

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Company Statement

IMX’s business strategy is to create shareholder value through a diversified portfolio. The Company maintains maximum exposure for shareholders through their multi commodity portfolio approach, coupled with geographical diversity. In 2007, IMX shareholders will be exposed to AU$19 million in exploration through joint ventures and companies in which IMX is the major shareholder, with only AU$1.5 million of that expenditure being sourced from their own funds.

Current Operations

Mt Woods
The Mt Woods Inlier lies 50km south east of the mining centre of Coober Pedy in South Australia, and is one of Australia’s premier exploration areas.

Kangaroo Dam
Kangaroo Dam is the most advanced of Company’s PGE projects. Results  have included 22m @ 0.95g/t Pt+Pd+Au from 149m in drill hole KDD003. This mineralisation is hosted within brecciated mafic gneiss with disseminated to massive Pprrhotite aggregates up to 10cm in size.

Black Hill
Black Hill is an IOCG  copper/gold project and displays similar style mineralisation to Prominent Hill and Olympic Dam. The project is still in the early exploration phase following 2 phases of RAB drilling and a single RC drill traverse consisting of three holes (MWRC001-003) which were drilled on 50m centres to follow up the anomalous results from the first RAB drill program. All three RC holes returned anomalous results with a best result of 1m @ 1.7% Cu and 0.1g/t Au from 72m in strongly weathered amphibolite.

Mt Paisley
Mt Paisley is an IOCG  copper/gold target. It is a major gravity & magnetic feature lying between Prominent Hill & Olympic Dam. Previous drilling in the vicinity of the planned holes indicates up to 800m of cover. IMX has been looking to source a deep hole diamond rig to drill up to 2 holes since mid 2006.

Cairn Hill
IMX’s objective for the Cairn Hill project is to bring it into production as soon as possible. IMX is finalizing the feasibility studies and government approvals. The objective is to commence mining in CY 2007. The initial phase of the mine is planned to produce 1.4Mtpa of magnetite (iron ore) / copper / gold ore, with a 10 year mine life. The ore ranks as some of the is the highest grade iron ore in Australia with 71% Fe equivalent DSO product.

Joint Ventures:
IMX Resources currently has two joint ventures covering tenements in Tanzania with Lonmin Plc. In 2007 IMX made a strategic decision to relinquish the operatorship of these projects back to Lonmin to focus on its core projects.

Mibango
Mibango is a PGE project located in Tanzania and operated by the world’s 3rd largest PGE producer, Lonmin Plc.

IMX is diluting to 35% interest in Mibango, and Lonmin is earning 65%. In order to obtain that 65%, Lonmin is required to spend a minimum of US$2m per annum, and complete the Bankable Feasibility Study by 31 March 2012. Lonmin is spending US$2.5m in exploration in 2007 on detailed helimag and VTEM surveys.

Luwumbu
IMX is diluting their interest in the Luwumbu project to 27%. Luwumbu is a PGE project, with a 12km strike length of mineralisation.

Lonmin has the right to earn 51% equity interest once they have produced an indicated JORC resource, and a further 19%  by taking the project through to a Bankable Feasibility Study. To achieve this, Lonmin must spend US$1.5m per annum and the BFS must be completed before 31 March 2009.

In 2007, Lonmin will spend US$4.2m and plans to complete 15,000m of diamond drilling at the Luwumbu project.  

Geographical Spread

Australia, Africa and India

Board of Directors and Key Management

Johann Jacobs	Chairman
Duncan Robert McBain	Managing Director
Stephen Hunt	Non Executive Director
Tony Haggarty	Non Executive Director
Bianca Manzi	Exploration Manager

Company Address Level 2 28-42 Ventnor Avenue PERTH, Western Australia, Australia 6005 Telephone: +61 8 9486 8688 Facsimile: +61 8 9486 8699 Email: gdm[at]goldstreammining.com.au Website: http://www.goldstreammining.com.au

Additional Address/Key Contact TANZANIA OFFICE 7th Floor, PPF Tower Ohio/Garden Streets Dar es Salaam Telephone: +255 22 213 1492

Annual General Meeting November

Year End 30 June

Related News

10/05/08 - IMX Chief Counts Backwards From Christmas As Cairn Hill Moves Closer To Cash Flow
31/01/08 - IMX Gets Ready To Transition From Explorer To Producer
10/05/07 - Goldstream Chases Its Runaway Offspring

Most Recent Statement

15/07/08 - IMX Resources announces 'Report for the Quarter Ended 30 June 2008'
08/07/08 - Initial Pit Drilling Results at Cairn Hill
01/07/08 - ORE EXPOSED AT TRIAL MINE AT CAIRN HILL
16/05/08 - NACHINGWEA NICKEL JV TO UNDERTAKE EXPANDED 2008 EXPLORATION PROGRAM
04/02/08 - $13.93 MILLION PLACEMENT FUNDS RECEIVED FROM JILIN TONGHUA IRON & STEEL (GROUP) MINING CO LTD
30/01/08 - IMX RESOURCES APPOINTS NEW DIRECTOR