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IMX Resources Banks $1.35M, Sale Of Non-core Holding

IMX Resources (ASX: IXR, TSX: IXR) has sold its stake in Uranex Limited (ASX: UNX) providing a cash boost of around $1.36 million.

The process was over three sales, covering shares held by IMX, and two of its wholly-owned subsidiaries.

IMX is owns and operates the highly prospective Nachingwea Exploration Project in south-eastern Tanzania, which includes the potentially word-class Ntaka Hill Nickel Sulphide project, located around 250 kilometres west of the port town of Mtwara.

In Australia, the company operates and owns 51% of the Cairn Hill Mining Operation near Coober Pedy in South Australia, where it produces a premium coarse-grained magnetite-copper-gold DSO product at a rate of 1.8Mtpa.

Also in the state, IMX is actively developing the Mt Woods Magnetite Project in South Australia.

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