Image Resources NL is an Australia-based mineral sands focused mining company. The Company is engaged in operating an open-cut mine and ore processing facility at its 100%-owned, high-grade, zircon-rich Boonanarring Project, located 80 kilometers (km) north of Perth in the infrastructure rich North Perth Basin. The Boonanarring Project comprises a zircon rich open pit mine and wet concentrate plant (WCP). The project produces zircon rich, heavy mineral concentrate (HMC) which is exported to international markets through the port of Bunbury. The Company’s Atlas Development Project is s located 90 km north of Boonanarring. Its mineralization extends from surface to 16 meters (m) depth and has an average thickness of 3.5 m and a maximum thickness of 12 m. The Company’s tenements are located in Western Australia, and all mineral sands related tenements are located in the North Perth Basin, across a combined area of 1,704 square kilometers.