Image Resources (ASX:IMA) is expecting on-ground construction at the Atlas Mineral Sands Project in Western Australia to begin this quarter, after securing approval of a mining proposal.
On 19 July, the Department of Energy, Mines, Industry Regulation and Safety approved the mining proposal for Atlas, which covers construction and operation.
The remaining approvals for Atlas includes groundwater operation strategy, offset environmental management plan, and the Banksia Woodlands rehabilitation environmental management plan.
Image Resources, which has a market capitalisation of $80.85 million, expects all of these approvals to be secured in early August this year.
CEO Patrick Mutz says scheduling of contractor mobilisation to Atlas is progressing.
“Early works camp construction is well underway and deconstruction of the Boonanarring WCP has been initiated,” Mutz says.
“The next six months are slated to see a flurry of construction activities, with a stretch goal of commencing project commissioning at the end of December.”
The Atlas Mineral Sands Project has a mineral resource of 17.3 million tonnes at 5.7% heavy minerals, with a mineral assemblage including 9.8% zircon, 6.5% rutile, 5.1% leucoxene, and 49% ilmenite.
Image Resources is a mineral sands-focused mining company that is currently transitioning from open-cut mining and ore processing operations at its wholly owned Boonanarring Project.
Write to Aaliyah Rogan at Mining.com.au
Images: Image Resources
