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An update from Image Resources NL ( (AU:IMA) ) is now available.
Image Resources NL has reported a maiden Inferred Mineral Resource Estimate for its Erayinia/King gold project in Western Australia’s Eastern Goldfields, outlining approximately 2.0 million tonnes at 2.1 grams per tonne gold for a total of 139,000 ounces. The relatively shallow oxide and transitional nature of the deposit, combined with conceptual pit optimisation parameters indicating suitability for conventional open-pit mining, suggests potential for eventual economic extraction and enhances confidence in the project’s development prospects, while the mineralisation remains open at depth, offering further exploration upside near an established gold-producing district.
The most recent analyst rating on (AU:IMA) stock is a Hold 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 is an Australian-listed resources company focused on mineral exploration and development, with current activities including gold projects in Western Australia’s Eastern Goldfields region near established mining districts such as Aldiss.
Average Trading Volume: 1,065,427
Technical Sentiment Signal: Sell
Current Market Cap: A$60.88M
For a thorough assessment of IMA stock, go to TipRanks’ Stock Analysis page.