ASX-listed junior Image Resources has inked an agreement with Murray Zircon and its parent company Guandong Orient Zirconic to fast track the development of the Boonanarring mineral sands project, in Western Australia.
The agreement covered a number of transactions, including Image acquiring a wet concentration plant and ancillary mining and processing equipment from Murray Zircon, which would also provide a A$4-million short-term loan facility to Image to be drawn down in full at the completion of the asset purchase.
