Image Resources receives approval for Murray Zircon stake in minsands project

By Kasia Patel
Published: Friday, 07 August 2015

The agreement between Image Resources and Murray Zircon will speed up the Boonanarring mineral sand project’s development, subject to shareholder approval. In exchange for a 47% stake in Image, Murray Zircon will provide equipment and expertise at the project, enabling production to start sooner.

ASX-listed Image Resources Ltd has received Foreign Investment Review Board (FIRB) approval for the previously announced transaction with Murray Zircon Pty Ltd, which gives the company an interest in Image and a security interest in its Boonanarring mineral sands tenements in Western Australia (WA).

South Australian producer Murray Zircon signed...

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