Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

IMX Resources Appoints John Nitschke As Non-executive Chairman To Lead Iron Ore Project Development

IMX Resources (ASX: IXR) has welcomed John NItschke to the role of non-executive chairman, following the resignation of Johann Jacobs.

Nitschke has more than 35 years' experience in the resources industry, and has previously held senior executive roles with Normandy Mining, Oxiana and OZ Minerals (ASX: OZL).

He is currently a non-executive director of Toro Energy (ASX: TOE) and Venturex Resources (ASX: VXR) and is chairman of Continental Nickel (TSXV: CNI).

Nitschke will lead IMX as it focuses on developing iron ore projects close to its Cairn Hill Mine.

Earlier this month IMX announced that alternative sales agreements had been secured for magnetite ore production from the Cairn Hill iron ore and copper mine.

The new agreements have been made at better prices, boosting the project's economics.

In other company news, initial Davis Tube Recovery testwork indicates that IMX will be able to achieve a 65% iron concentrate at a coarse grind size from the Tomahawk iron ore prospect.

Tomahawk is part of IMX's Mt Woods Iron Project, and is located 25 kilometres southeast of Cairn Hill.