IMAGE RESOURCES NL — Board/Management Information 2020

Jul 27, 2020

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28 July 2020

APPOINTMENT OF JOINT COMPANY SECRETARY

Image Resources NL ( ASX: IMA ) (“ Image ” or “ the Company ”) is pleased to advise that Mr John McEvoy, the Company’s Chief Financial Officer, has been appointed Joint Company Secretary, effectively immediately.

Mr Dennis Wilkins continues as Company Secretary of Image Resources Limited.

Image Resources Background Information

Image is Australian’s newest mineral sands mining company, operating open-cut mining and ore processing facilities at its 100%-owned, high-grade, zircon-rich Boonanarring Mineral Sands Project located 80km north of Perth, Western Australia, in the infrastructure-rich North Perth Basin. Boonanarring is arguably one of the highest grade, zircon-rich, mineral sands projects in Australia.

Construction and project commissioning were completed on-time and on-budget in 2018. Production of HMC commenced December 2018 and ramped-up to exceed name-plate capacity in only the second month of operation (January 2019).

Image completed its inaugural full year (CY2019) of successful operations with performance exceeding targets in all major categories, including significantly higher HMC production and lower operating costs than forecast. CY2019 market guidance was met after being increased twice during the year.

The Company is focused on maintaining its strong operational and health, safety and environmental performance and has prioritised the identification of new Mineral Resources and Ore Reserves, within economic pumping distance of the current wet concentration plant, to extend the mine life at Boonanarring.

This document is authorised for release to the market by:

Dennis Wilkins

Company Secretary +61 8 9485 2410 info@imageres.com.au www.imageres.com.au