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New Boss at Image Resources

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Mr Collis Thorp has been appointed as the new Chief Operating Officer of Image Resources, located just north of Gingin (referred to as North Perth Basin). The mine has tenements for very valuable heavy minerals, and includes some of the most valuable and accessible deposits of Zircon in the world due to its high grade, but also because it’s located in a politically stable country with access to good roads, power and a local community.
Zircon is used in the production of ceramic tiles, TV Screens and toilet bowls – all things that the modern world consumes plenty of. Another valuable mineral is Titanium Dioxide which is used in plastic and ink. The challenge for any mineral producer is the volatile pricing of the product which makes raising equity to build the site somewhat of a challenge.

Crucial to the raising of the necessary $70m to make the mining operation a reality is the project feasibility study which involves extensive technical studies including test work on installing their own dry mill.

This challenge has provided just the incentive Collis needed to put his hand up to lead this crucial next step in the future of the mine. He has a long line of credentials for the job, a career of over 40 years in the resources industry.

His 17 years of mineral sands experience includes seven years as Managing Director of Cable Sands RZM Group through to 2005 as well as at Jennings Mineral
Sands. His most recent position was as Chief Executive Officer of Moly Mines Limited. Mr Thorp has played a major role in more than ten feasibility studies for mineral sands projects, including responsibility for putting in place project finance and off-take arrangements, as well as bringing into production approximately twenty mines.

Mr Jon O’Callaghan, Chairman of Image Resources said, “We are delighted to have secured the services of Mr Thorp and we welcome him as part of our team.
“We believe he is the ideal person to take control of the company’s operations, including responsibility for the completion of the NPB Project feasibility study. His extensive mineral sands experience means that he can hit the ground running, putting the Company in a good position to complete the feasibility study by the end of the year, subject to available funding.”

Mr Peter Davies the departing CEO and resident of the Northern Valleys has played a significant role in ensuring an open community dialogue. Image Resources confirms that it will continue to ensure this open community relationship. Peter looks forward to returning home to the UK to enjoy the company of his family. To find out more you can view ASX releases on their website: http://www.imageres.com.au