I-Minerals Achieves First Production on Helmer-Bovill Property


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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

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This article appears in: Investing , Commodities

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