IMX RESOURCES DISPUTE WITH JV PARTNER

On 14 November 2011, IMX Resources Limited  called on its joint venture partner, Taifeng Yuanchuang International Development Co., Ltd  to pay by 28 November 2011 its 49% share (A$4,121,601) of Cairn Hill expenditure under the Heads of Agreement  between IMX and Taifeng dated 29 December 2009. Continue reading

IMX RESOURCES CAIRN HILL PROJECT TO PROCEED

The exposed ore visible in the pit at the Cairn Hill Mine near Coober Pedy

Resources developer, IMX Resources Limited (ASX:IXR) is pleased to announce that it has received $14.6 million from private Chinese investor Sichuan Taifeng.
 
IMX Board will use these funds to continue the development of the Cairn Hill Phase 1 project in South Australia. Importantly, shipping is expected to commence in mid to late Q3. Continue reading