Indiana Resources: Difference between revisions
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IMX Resources Limited (IMX) is a dual-listed [[iron ore]] mining and base and precious metals exploration company based in [[Perth, Western Australia]] (ASX/TSX ticker code: IXR). The company was listed on the [[Australian Stock Exchange]] on August 17th, 1994.<ref>Australian Stock Exchange [http://arc2.morningstar.com.au/Stock/ASXProfile/IXR "Company Snapshot - IMX Resources Limited"] Retrieved 2013-11-24.</ref> |
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{{Use Australian English|date=September 2019}} |
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{{Update|date=September 2019|reason=the company has moved on from what this article is about}} |
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{{Infobox company |
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| name = Indiana Resources |
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| logo = |
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| type = [[Public company|Public]] |
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| industry = Mineral exploration |
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| fate = |
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| traded_as = {{ASX|IDA}} |
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| predecessor = IMX Resources |
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| successor = <!-- or: | successors = --> |
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| founded = <!-- if known: {{Start date and age|YYYY|MM|DD}} in [[city]], state, country --> |
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| founder = <!-- or: | founders = --> |
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| defunct = <!-- {{End date|YYYY|MM|DD}} --> |
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| hq_location_city = [[Perth, Western Australia]] |
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| hq_location_country = Australia |
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| area_served = <!-- or: | areas_served = --> |
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| key_people = |
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| products = |
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| owner = <!-- or: | owners = --> |
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| num_employees = |
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| num_employees_year = <!-- Year of num_employees data (if known) --> |
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| parent = |
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| website = {{URL|http://indianaresources.com.au/}} |
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}} |
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'''Indiana Resources''' (formerly '''IMX Resources''' until 22 June 2016) is a dual-listed [[iron ore]] mining and base and precious metals exploration company based in [[Perth, Western Australia]]. The company was first listed on the [[Australian Stock Exchange]] on 17 August 1994.<ref>Australian Stock Exchange [http://arc2.morningstar.com.au/Stock/ASXProfile/IXR "Company Snapshot - IMX Resources Limited"] Accessed 24 November 2013.</ref> It changed its name to Indiana Resources Limited in 2016.<ref>{{cite web |url=https://www.investogain.com.au/company/imx-resources-limited |title=IMX Resources Limited |website=InvestoGain Australia |accessdate=24 September 2019}}</ref> When IMX's now-closed [[Cairn Hill mine]] commenced production in 2010 it became the first new South Australian iron ore mine in over a century.<ref> [http://www.theaustralian.com.au/business/china-cash-boosts-imx-resources/story-e6frg8zx-1225890962272 "China cash boosts IMX resources"] ''The Australian'', 13 July 2010. Accessed 24 November 2013.</ref> IMX was also the first Australian iron ore company to operate the rotainer bulk export system, which is now in use at a number of other sites around the country.<ref name=":1">Yahoo Finance [https://finance.yahoo.com/news/imx-resources-limited-cairn-hill-071900408.html "IMX Resources Limited: Cairn Hill Ships Four Millionth Tonne of Ore"] (2013-07-25) Accessed 24 November 2013.</ref> |
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==Cairn Hill Mining Operation== |
==Cairn Hill Mining Operation== |
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{{main|Cairn Hill mine}} |
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IMX |
IMX operated the Cairn Hill iron ore mine, located 55 km from [[Coober Pedy]] in [[South Australia]]. The product was shipped to [[China]]. Cairn Hill was a joint venture between IMX Resources (51%) and [[Sichuan Taifeng]] (49%).<ref name=":0">[http://www.imxresources.com.au/ IMX Resources website] Accessed 13 September 201a.</ref> |
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The Cairn Hill Mining Operation was commissioned in May 2010 and commenced production in December 2010. It was closed in 2014.<ref name=CairnHillclosure>[http://www.adelaidenow.com.au/business/cairn-hill-iron-ore-miner-imx-resources-to-close-south-australian-office-focus-on-tanzanian-exploration/story-fni6uma6-1227046288110 Cairn Hill iron ore miner IMX Resources to close South Australian office, focus on Tanzanian exploration] ''The Advertiser'', 3 September 2014. Accessed 4 September 2014.</ref> IMX shifted its focus to the Mount Woods Magnetite Project.<ref>[http://www.adelaidenow.com.au/business/imx-on-expansion-trail-at-cairn-hill/story-fni6uma6-1226768631320?net_sub_uid=6404163 "IMX on expansion trail at Cairn Hill"] ''The Advertiser'', 14 November 2013. Accessed 26 November 2013.</ref> |
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==Nachingwea Regional Exploration Project== |
==Nachingwea Regional Exploration Project== |
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IMX owns and operates the highly prospective Nachingwea Regional Exploration Project in south-east [[Tanzania]], which includes the Ntaka Hill Nickel Sulphide Project. Nachingwea is a large tenement package, located approximately 200 kilometres from the port of [[Mtwara]], with the potential to host multiple mineralised systems. Recent exploration has proven occurrences of high-grade and disseminated [[nickel]] and [[copper]] sulphides, [[gold]] and [[graphite]]. |
IMX owns and operates the highly prospective Nachingwea Regional Exploration Project in south-east [[Tanzania]], which includes the Ntaka Hill Nickel Sulphide Project. Nachingwea is a large tenement package, located approximately 200 kilometres from the port of [[Mtwara]], with the potential to host multiple mineralised systems. Recent exploration has proven occurrences of high-grade and disseminated [[nickel]] and [[copper]] sulphides, [[gold]] and [[graphite]].<ref name=":0" /> |
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==Mount Woods Magnetite Project, South Australia== |
==Mount Woods Magnetite Project, South Australia== |
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IMX is actively exploring its Mt Woods Magnetite Project in South Australia, where it has identified the Snaefell Magnetite Deposit and a number of other substantial magnetite exploration targets. IMX is seeking to develop a |
IMX is actively exploring its Mt Woods Magnetite Project in South Australia, where it has identified the Snaefell Magnetite Deposit and a number of other substantial magnetite exploration targets. IMX is seeking to develop a 1.8-3.5Mtpa mining project at Snaefell utilising infrastructure from the now-closed Cairn Hill mine, and is presently seeking a cornerstone investor willing to fund the project development costs. IMX retains a pipeline of strategic investments and a portfolio of base and precious metal exploration assets in [[Australia]] and southern [[Africa]].<ref name=":0" /><ref name=CairnHillclosure /> |
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==References== |
==References== |
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<references /> |
<references /> |
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[[Category:Mining companies of Australia]] |
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==<nowiki/>== |
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[[Category:Mining in South Australia]] |
Latest revision as of 03:23, 27 March 2024
![]() | This article needs to be updated. The reason given is: the company has moved on from what this article is about.(September 2019) |
Company type | Public |
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ASX: IDA | |
Industry | Mineral exploration |
Predecessor | IMX Resources |
Headquarters | , Australia |
Website | indianaresources |
Indiana Resources (formerly IMX Resources until 22 June 2016) is a dual-listed iron ore mining and base and precious metals exploration company based in Perth, Western Australia. The company was first listed on the Australian Stock Exchange on 17 August 1994.[1] It changed its name to Indiana Resources Limited in 2016.[2] When IMX's now-closed Cairn Hill mine commenced production in 2010 it became the first new South Australian iron ore mine in over a century.[3] IMX was also the first Australian iron ore company to operate the rotainer bulk export system, which is now in use at a number of other sites around the country.[4]
Cairn Hill Mining Operation
[edit]IMX operated the Cairn Hill iron ore mine, located 55 km from Coober Pedy in South Australia. The product was shipped to China. Cairn Hill was a joint venture between IMX Resources (51%) and Sichuan Taifeng (49%).[5]
The Cairn Hill Mining Operation was commissioned in May 2010 and commenced production in December 2010. It was closed in 2014.[6] IMX shifted its focus to the Mount Woods Magnetite Project.[7]
Nachingwea Regional Exploration Project
[edit]IMX owns and operates the highly prospective Nachingwea Regional Exploration Project in south-east Tanzania, which includes the Ntaka Hill Nickel Sulphide Project. Nachingwea is a large tenement package, located approximately 200 kilometres from the port of Mtwara, with the potential to host multiple mineralised systems. Recent exploration has proven occurrences of high-grade and disseminated nickel and copper sulphides, gold and graphite.[5]
Mount Woods Magnetite Project, South Australia
[edit]IMX is actively exploring its Mt Woods Magnetite Project in South Australia, where it has identified the Snaefell Magnetite Deposit and a number of other substantial magnetite exploration targets. IMX is seeking to develop a 1.8-3.5Mtpa mining project at Snaefell utilising infrastructure from the now-closed Cairn Hill mine, and is presently seeking a cornerstone investor willing to fund the project development costs. IMX retains a pipeline of strategic investments and a portfolio of base and precious metal exploration assets in Australia and southern Africa.[5][6]
References
[edit]- ^ Australian Stock Exchange "Company Snapshot - IMX Resources Limited" Accessed 24 November 2013.
- ^ "IMX Resources Limited". InvestoGain Australia. Retrieved 24 September 2019.
- ^ "China cash boosts IMX resources" The Australian, 13 July 2010. Accessed 24 November 2013.
- ^ Yahoo Finance "IMX Resources Limited: Cairn Hill Ships Four Millionth Tonne of Ore" (2013-07-25) Accessed 24 November 2013.
- ^ a b c IMX Resources website Accessed 13 September 201a.
- ^ a b Cairn Hill iron ore miner IMX Resources to close South Australian office, focus on Tanzanian exploration The Advertiser, 3 September 2014. Accessed 4 September 2014.
- ^ "IMX on expansion trail at Cairn Hill" The Advertiser, 14 November 2013. Accessed 26 November 2013.