IMX Receives Positive Feedback from End Users on Chilalo Graphite Project

IMX Resources Ltd. (TSX:IXR,ASX:IXR) announced that during a marketing visit to China it received positive feedback on the quality and commercial potential of its Tanzania-based Chilalo graphite project.

Highlights include:

• Successful marketing visit completed to China, with positive feedback received from five Chinese end-users on the results of recent metallurgical testwork on Chilalo material.
• End-users are currently testing Chilalo graphite samples.
• End-users have indicated that the high-purity graphite from Chilalo may be ideally suited to spherical graphite production for use in lithium-ion batteries.
• The high-purity of Chilalo graphite could reduce the costs of graphite purification, a key step involved in the production of spherical graphite.
• Expressions of interest received for financing the development of the Chilalo Project.

Phil Hoskins, CEO of IMX, commented:

We consider early engagement with potential customers and off-takers to be a critically important aspect of the successful development of our Chilalo project. We are delighted with the feedback we have received so far from end-users and continue to tailor metallurgical optimisation to their requirements.

Purification is a high-cost step in producing spherical graphite, and the feedback received from end-users to date is that this cost could be reduced by using Chilalo product.

Click here to read the full IMX Resources Ltd. (TSX:IXR,ASX:IXR) press release.