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MENAFN - ProactiveInvestors - Australia - 12/02/2013

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(MENAFN - ProactiveInvestors - Australia) IMX Resources (ASX: IXR) non-executive director Kellie Benda has increased her stake in the company with the on-market purchase of a further 140,000 shares.

Benda acquired the shares for a total consideration of A19,600, providing an average entry price of 0.14 per share.

She now holds 375,000 fully paid ordinary shares in IMX.

The company has been beefing up its Tanzanian management team as it undertakes an aggressive exploration program in 2013 at the Ntaka Hill Nickel Sulphide Project with the recent appointment of Heavenlight Edward Kavishe as country manager, Tanzania.

IMX has outlined a spend of A15 to 20 million to undertake Ntaka Hill resource expansion, feasibility work and Nachingwea regional exploration.

At Ntaka Hill, IMX recently uncovered a significantly larger area of ultramafic rocks associated with the Ntaka Hill Nickel Sulphide Project that have the potential to be mineralised.

The discovery was made through a recently completed gravity survey campaign in the Ntaka Hill-Lionja trend, within the company's Nachingwea land package in Tanzania.

Preparations for the 2013 drilling program are well advanced and on track for commencement subsequent to the Tanzanian wet season.

 






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