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IMX Resources, Continental Nickel Progress Environmental Permitting At Ntaka Hill, Tanzania

IMX Resources (ASX: IXR) has taken the next step in environmental permitting for the Ntaka Hill Nickel Project in southern Tanzania, where the company is aiming for production in 2015.

The National Environment Management Council of Tanzania has granted approval for the Environmental Scoping Study for Ntaka Hill.

This includes approval of the Terms of Reference for the Environmental and Social Impact Assessment.

In December 2011 IMX and Continental reported a 150% increase in Measured and Indicated mineral resources at Ntaka Hill.

The new Measured and Indicated resources are 12,786,000 million tonnes at 1.21% nickel for 154,700 tonnes of contained nickel (0.2% nickel cut-off). Inferred resources have increased to 45,037,000 tonnes at 0.30% nickel.

Ntaka Hill is part of the larger Nachingwea Nickel Copper Project which is operated and managed by IMX's joint venture partner Continental Nickel (TSXV: CNI).

IMX boasts an almost 53% beneficial ownership of the Nachingwea project because of its 25% interest in the joint venture and 37% direct investment in Toronto listed Continental Nickel.