Located in the north-eastern area of the Nachingwea Property in south-east Tanzania, the study has confirmed that the project contains high-grade flake graphite.
The diamond drilling program followed Reverse Circulation (RC) drilling at the site, which was carried out during the December Quarter 2014.
RC drilling had reinforced possible presence of significant graphite resources at Chilalo, which was further confirmed through the diamond drilling.
The program was conducted to ensure quality control of a mineral resource and to obtain core samples for metallurgical testwork. It is expected to offer valuable information regarding flake size distribution of the deposit, flotation recoveries and concentrate grades.
The drilling can also ensure collection of sufficient core, which can later be used as marketing samples to connect with end users.
Metallurgical testwork program and resource calculation are in steady progress at the site and are likely to be concluded by March 2015.
IMX Acting CEO Phil Hoskins said: "Our initial objective was to rapidly assess Chilalo’s potential against competing graphite projects internationally. With this work almost complete, we look forward to putting Chilalo on the map as one of the highest quality, undeveloped graphite deposits in the world.
"We expect to receive initial results from the recently commenced high-level development study on Chilalo next month, and this, together with the maiden resource and metallurgical testwork, should pave the way for us to progress to the next stage."
