Australia's Image Resources gains on securing $20 mln offtake prepayment facility

Image Resources NL

24/10/2024 05:46

** Shares of mineral sands miner Image Resources  IMA.AX 
rise as much as 7.8% to A$0.097
    ** Co says it secured a $20 mln offtake prepayment facility
with China-based firms Shantou Natfort Zirconium & Titanium Co
    ** Says funds will be used for working capital at Atlas
mineral sands project in Perth
    ** Around 1.4 mln shares change hands, 4.8x the 30-day avg
    ** Stock up 52.4% YTD, including current session, as at 0257
GMT

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))