Boonanarring: More, more, more
A start-up mining company that achieves nameplate capacity in just the second month of operation is something the industry doesn’t hear of too often. Nestled in the Perth Basin in WA, amongst key players such as Iluka Resources and Tronox, is a newcomer to the mineral sands mining operations, Image Resources. In December 2018, Image Resources moved from advanced explorer to active mining company, becoming profitable within three months of operations and, subsequently, cashflow positive in the second quarter of 2019. Two years on, Image Resources is now an established, profitable mining company producing heavy mineral concentrate (HMC), with 270,000t achieved in 2019. It completed the sale of 12 bulk shipments of HMC during the year, for a total of...