Australia's Image Resources NL falls to 1-1/2-month low as miner expects to record impairments in 2025 results

Image Resources NL

16/03/2026 02:37

** Shares of Image Resources NL IMA.AX fall as much as 1.9% to A$0.052, their lowest level since January 29

** The mineral sands-focused miner expects to record non-cash impairment of A$53 million ($37.15 million) for CY2025 results relating to carrying value of mineral sands assets at Atlas and Boonanarring

** Expects to record additional adjustment as non-cash write-off of A$8 million in CY2025 related to deferred tax assets, adds company

** Stock down 7.1% this year, including the day's move

   ($1 = 1.4265 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))