i-minerals inc.: Incorporation of Optimization Strategies to Reduce Capital and Operating Costs Expected to Delay Release of Feasibility Study Results About 90 Days

i-minerals inc. (TSXV:IMA) reports that it has elected to postpone the completion of the feasibility study on the Kelly’s Basin feldspar-quartz deposit.

The press release is quoted as saying:

These strategies include:

• relocation and redesign of the transload facility wherein mineral products are loaded for rail transport,
• redesign of the quartz flotation circuit from a three float process to a two float process,
• utilization of a high-density pneumatic pumping systems technology for materials handling, and
• incorporation of the results from the recently completed drill program will allow for an upgrade of the reserve to proven reserve from probable reserve.

Incorporation of these strategies into the milling process is expected to reduce operating costs below levels estimated in the prefeasibility study primarily through lower electricity and reagent consumption as well as a small reduction in required manpower. The Company’s engineering consultants Roberts & Schaeffer are actively working on the design improvements.

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