Proactive Investors - Run By Investors For Investors

Intermin Resources enters trading halt ahead of proposed merger

The company has a portfolio of WA gold projects and a vanadium project in Queensland.
highway sign that reads 'merger straight ahead'
Intermin is a proven gold producer having successfully operated the Teal Gold Mine

Intermin Resources Ltd (ASX:IRC) has been granted a trading halt by the ASX this morning pending the release of further information regarding a proposed merger.

Shares in the company will remain halted until the earlier of either the release of relevant information, or, the commencement of trading on Tuesday, 11 December 2018.

READ: Intermin Resources receives positive vanadium test work and starts drilling

Most recently, Intermin received further positive metallurgical test work results from the Lilyvale prospect area within the Richmond Vanadium Project in Queensland.

Multiple tests utilising gravity, screening and flotation have resulted in concentrate grades averaging 1.6% vanadium at an overall recovery of 73%.

Completion of the first phase of test work is scheduled for mid-2019.

Notably, this will enable the commencement of a preliminary feasibility study (PFS).

Portfolio of high-quality gold assets in Western Australia

Intermin is best known for its portfolio of gold assets in the Western Australia goldfields near Kalgoorlie.

Most notably, Intermin is a proven gold producer having successfully completed its mining operation at the Teal Gold Mine, which commenced in October 2016.

Mining is now complete with 229,000 tonnes processed at 3.2 g/t gold for 21,836 ounces at a 94% recovery rate.

Within Teal’s portfolio, it has a number of advanced gold projects that it aims to move into production.

View full IRC profile View Profile

Intermin Resources Ltd Timeline

Related Articles

A vanadium ore stockpile at Nelly
August 31 2018
The country’s favourable regulatory system enables faster turnaround of legacy mining rights.
Archer quantum computing technology
As part of its advanced materials strategy, the company is progressing a graphite-to-graphene beneficiation strategy.
August 01 2018
Tungsten prices are on the rise and construction is proceeding apace at Barruecopardo

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use