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
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