Referenced Stocks

I-Minerals Achieves First Production on Helmer-Bovill Property

By MT Newswires,  October 22, 2012, 10:36:52 AM EDT

I-Minerals (IMA.V) has completed its first production and inaugural sale of Feldspathic sand product from the Helmer-Bovill Property.

Feldspathic sand is a direct ship silica-potassium feldspar product created from tailings generated from historic kaolin mining. The product is used in the pottery and tile industries for the use in ceramic bodies.

Under the Mine Plan of Operations ( MPO ) from the Idaho Dept of Lands, I-Minerals is permitted to campaign mine from June through October up to 50,000 ton per year of the Feldspathic sand product. Given the short time frame between the receipt of the MPO and the end of the mining period contemplated in the MPO, the Company does not expect further sales in Calendar 2012




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: MPO



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