I-MINERALS INC - IMAHF OTCQB / IMA TSX.V

Retest Of 52 Week High Expected

Testing Of New Processing Technologies Improves Clay Yields

 Mining Stocks To Own Today

Strategically located in Northern Idaho,  this mining company is developing  multiple deposits of high purity, high value halloysite, quartz, and potassium feldspar.

All the minerals occur together 4 minerals are in one ore . The company has 2 areas targeted for mining

The economics of the feasibility study are robust and while the company has a strong development team, the company may need to be in production to generate financial results.

These shares are trading just below their 52 week high of $0.44. In January this outstanding mining company surged from its base of $0.22 doubling in value over five months.

Technically we expect a second surge towards the 52 week high and after breaking through that level continue towards much higher levels. Corp Presentation - 10Q - Fact Sheet -Todays Trading Alerts

 

Minerals Begins Pilot Plant Production of MetaKaolin at FLSmidth

VANCOUVER, BC--(Marketwired - November 13, 2017) - I-Minerals lnc. (TSX VENTURE: IMA) (OTCQB: IMAHF) (FRANKFURT: 61M) (the "Company") announces that further to the Company's press release of September 18, 2017, it has now received all final results from the ASTM C618-15 testing from CTL Thomson in Denver, CO of the various metakaolin products produced using the flash calcination technologies of FLSmidth in Allentown, PA. As noted in the September 18, 2017 news release four samples representative of calcining temperatures of 700, 750, 800 and 850° C were sent for testing. With all results received and assessed, the balance of the 4,000 pounds of kaolin produced in a recent pilot plant has been transported to FLSmidth in Allentown, PA for flash calcination. Based upon the bench scale test results, the Company has elected 750° Celsius as the appropriate calcine temperature as this temperature yielded the best combination of greatest strength and lowest water demand during bench scale testing. Preparatory work is expected to begin immediately at FLSmidth with the process completed by week's end.

"Metakaolin is recognized as one of the best pozzolans or supplementary cementous materials available. The demand for natural pozzolans is very much on the rise while the availability of quality pozzolans in the Pacific Northwest is waning," stated Thomas Conway, President and CEO of I-Minerals Inc. "We are thrilled with the results as not only are we producing a superior metakaolin using flash calcination technologies, but the use of hydrocylcones to make the initial sand-clay separation has increased they clay yield from 22% to 30% meaning we stand to make significantly more tons of a superior metakaolin with no increase in CAPEX. We have had contact with some of the leaders in the cement industry and they recognize the strategic importance of having access to a high quality natural pozzolan. We have already received multiple sample requests and are very excited about the prospects for our Bovill Metakaolin and we expect to begin delivering samples to prospective customers in the coming weeks.

The larger sample will be calcined using a pilot plant flash calciner capable of 110-165 pounds per hour. This scale of production will provide confirmation for final scale-up to the flow sheet and be representative of metakaolin product produced in a commercial production environment. Post calcination, the company will evaluate pulverization to deagglomerate to reduce particle size to further increase the reactivity and strength of the metakaolin. A finer particle size tends to increase the water demands, but initial results form bench scale production was very encouraging with a water demand well below the ASTM C618-15 limits leaving the flexibility to further increase the strength while staying within the required water demand limits.

A. Lamar Long, CPG, is a qualified person ("QP") for I-Minerals Inc. and has reviewed and approved the contents of this release

About I-Minerals Inc.

I-Minerals is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its strategically located Helmer-Bovill property in north central Idaho. A 2016 Feasibility Study on the Bovill Kaolin Deposit led by GBM Engineers LLC, who were responsible for overall project management and the process plant and infrastructure design, including OPEX and CAPEX calculated an After Tax NPV of US$249.8 million with a 25.8% After Tax IRR. Initial CAPEX was estimated at $108.3 million with a 3.7 year After Tax payback. Other engineering services were provided by HDR Engineering, Inc. (all environmental components; hydrology / hydrogeology; road design); Tetra Tech, Inc. (tailings storage facility design); Mine Development Associates (mine modelling; ore scheduling; mineral reserve estimation); and SRK Consulting (U.S.) Inc. (mineral resource estimation). The project has received mine and water permits from the State of Idaho.

I-Minerals Inc.

Per: "Thomas M. Conway"

Thomas M. Conway, President & CEO

This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the world-wide price of mineral market conditions, risks inherent in mineral exploration, risk associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Contact: 




I-Minerals Produces its Best Ever Metakaolin

VANCOUVER, BC--(Marketwired - September 18, 2017) - I-Minerals lnc. (TSX VENTURE: IMA) (OTCQB: IMAHF) (FRANKFURT: 61M) (the "Company")announces that further to the Company's press release of August 29, 2017, it has received results of ASTM C618-15 testing from CTL Thomson in Denver, CO of the various metakaolin products produced using the flash calcination technologies of FLSmidth in Allentown, PA. The key test is the water requirement measured as a percentage of the control samples with 115% of control the acceptable maximum. Four samples representative of calcining temperatures of 700, 750, 800 and 850° C were sent for testing and all fell in the range of 108-110% of control and hence handily met the ASTM C618-15 water demand specifications.

"As part of the last several pilot plants, we have experimented with particle sizes and other inputs," stated Thomas Conway President and CEO of I-Minerals Inc. "However, this metakaolin, produced using the flash calcination technology, has created the best combination of strength, lowest water demand and color. As noted in our press release of August 29, initial testing of the use of hydrocyclones to make the clay/sand separation generated a cleaner cut resulting in higher clay recovery. Hence not only are we making the best metakaolin we ever have, but the hydrocyclone technology stands to increase metakaolin production with potential to modestly reduce both CAPEX and OPEX."

With respect to the 28-day Strength Activity Index (%) number, the minimum threshold to achieve to meet the ASTM C618-15 standard is 75. The four samples sent for testing resulted in values from 86.4-94.3 % and are expected to increase with additional time. For comparative purposes fly ash, the most common pozzolan, generally demonstrates strength numbers in the mid-80s, although there is variability across fly ash products.

"These results indicate we can make a pozzolan at least as good as high-quality fly ash," continued Conway. "With fly ash becoming scarcer as coal fired electric plants shift to gas or are shut down, a consistent supply of quality pozzolans is becoming increasingly challenging. Water demand is the test that inhibits the success of many natural pozzolans and meeting the specifications bodes very well for the market opportunities for our metakaolin in the Pacific Northwest. Having a high quality metakaolin alongside our best in class K-spar, our world class halloysite and the highest SiO2, lowest iron quartz in the Pacific Northwest positions the Company very well as we push forward towards eventual production of these high-quality minerals."

A. Lamar Long, CPG, is a qualified person ("QP") for I-Minerals Inc. and has reviewed and approved the contents of this release

About I-Minerals Inc.

I-Minerals is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its strategically located Helmer-Bovill property in north central Idaho. A 2016 Feasibility Study on the Bovill Kaolin Deposit led by GBM Engineers LLC, who were responsible for overall project management and the process plant and infrastructure design, including OPEX and CAPEX calculated an After Tax NPV of US$249.8 million with a 25.8% After Tax IRR. Initial CAPEX was estimated at $108.3 million with a 3.7 year After Tax payback. Other engineering services were provided by HDR Engineering, Inc. (all environmental components; hydrology / hydrogeology; road design); Tetra Tech, Inc. (tailings storage facility design); Mine Development Associates (mine modelling; ore scheduling; mineral reserve estimation); and SRK Consulting (U.S.) Inc. (mineral resource estimation). The project has received mine and water permits from the State of Idaho.

I-Minerals Inc.

Per: "Thomas M. Conway"

Thomas M. Conway, President & CEO

OTC Disclosure & News Service

Release Date Title Type
Sep 18, 2017 I-Minerals Produces its Best Ever Metakaolin Press Release
Aug 29, 2017 Testing of new Processing Technologies Improves Clay Yields; Potential for Lower CAPEX and OPEX Press Release
Jun 14, 2017 I-Minerals' Pilot Plant Work Update; Presenting at 2017 Marcum MicroCap Conference Press Releas

 

 


About MiningNewsReporter.com : 

MiningNewsReporter.com
 is a 
subsidiary of Target Publishing Inc, and is a leading publisher of todays market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. We have been paid cash for this report and its distribution . We do not accept shares as payment  Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opporXtunities for industry partnerships, corporate communications, market exposure and investment. The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.

A complete disclaimer can be viewed 
HERE