First shipment of concentrate from Image’s Atlas project sets sail
Perth-based junior Image Resources on Thursday announced the first sale and shipment of heavy mineral concentrate (HMC) from the Atlas mineral sands mine, in Western Australia.
The nominal 10 000-wet-metric-tonne HMC bulk shipment sailed from Geraldton Port on April 10 – just two months after the start of project commissioning in early February.
The HMC was sold under a continuing life-of-mine offtake agreement with the company’s long-standing offtake partner Shantou Natford Zironium and Titanium.
“The first sale of product from any new development project is always a milestone worthy of recognition. For the Atlas project, completing a first shipment just two months after commencement of commissioning is truly a notable accomplishment, particularly as this shipment mark Image’s return to revenue after a 16-month hiatus,” said MD and CEO Patrick Mutz.
He said that Image’s focus going forward would be on ramping up production to nameplate capacity and delivering its market guidance of 175 000 t to 195 000 t of HMC production and 165 000 t to 185 000 t of sales at an all-in sustaining cost of A$410/t to A$470/t.
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