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Image Resources NL (ASX:IMA)

ALERT: Price-sensitive ASX Announcement for IMA
Current share price for IMA : $0.016 -0.049 (-75.38%)+
Announcement
Release
29 Oct 2025 12:00PM
Price at Release
$0.065
Full Release
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Summary
Image Resources NL announced a market guidance update, reducing the forecast for heavy mineral concentrate (HMC) sales for the calendar year 2025 from 165-185k dry metric tonnes to 150-170k due to weaker demand and potential port delays. However, other aspects of the market guidance, including HMC production and cash costs, remain unchanged. The final repayment date for Prepayment Facilities has been extended by three months to accommodate the adjusted sales forecast. This decision reflects the company's strategic alignment with its offtake partners to manage market conditions effectively.
Key Points
  • Market guidance for HMC sales for CY2025 lowered by 9% due to weaker market demand.
  • Prepayment Facilities repayment date extended by three months to 30 April 2026.
  • HMC Production guidance maintained at 175-195k DMT.
  • Managing Director and CEO Patrick Mutz commented on cost reduction strategies.
  • Collaboration with offtake partners to adjust sales forecasts aligning with market demand.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.