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...