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An update from Image Resources NL ( (AU:IMA) ) is now available.
Image Resources NL reported a strong December 2025 quarter at its Atlas Project, with heavy mineral concentrate production rising 30% quarter-on-quarter to 73,000 dry metric tonnes from higher ore throughput, and full-year 2025 output landing just below the lower end of guidance. HMC sales climbed 44% to more than 70,000 DMT for the quarter, bringing calendar 2025 sales within guidance, while higher shipments pushed cash receipts to A$31.55 million and full-year revenue to A$80.7 million; the company also drove operating and all-in sustaining costs below guidance, generating an operating margin of A$26 million despite repaying prepayment facilities through zero-cost allocations of about 20% of shipments. Image closed the year with A$7.7 million in cash and A$16.7 million in debt, unveiled a maiden 139,000-ounce gold resource at its Erayinia/King project, put select land parcels up for sale, and continued pre-development work on potential mine life extensions at Atlas and future projects at Durack and Yandanooka, underscoring a focus on sustaining and diversifying its production profile.
The most recent analyst rating on (AU:IMA) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Image Resources NL stock, see the AU:IMA Stock Forecast page.
More about Image Resources NL
Image Resources NL (ASX: IMA) is an Australian mineral sands producer focused on heavy mineral concentrate (HMC) operations, with its key asset being the Atlas Project in Western Australia. The company is also expanding its resource base through gold exploration, including the Erayinia/King gold project, and is evaluating additional mineral sands developments at Durack and Yandanooka to extend mine life and production options.
Average Trading Volume: 901,442
Technical Sentiment Signal: Sell
Current Market Cap: A$63.09M
See more insights into IMA stock on TipRanks’ Stock Analysis page.