IMAGE RESOURCES NL — Interim / Quarterly Report 2010

Apr 29, 2010

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QUARTERLY REPORT - for the Quarter Ended 31 March 2010

______________

Image Resources NL ABN 57 063 977 579

HIGHLIGHTS

ASX Code: IMA

Level 2, 16 Ord Street West Perth WA 6005

T +61 8 9485 2410 F +61 8 9485 2840 E info@imageres.com.au

PO Box 644 West Perth WA 6872

Issued Capital : Shares - Quoted: 86,313,958 fully paid ordinary shares Options - Unquoted: 2,000,000 options exercisable at $0.37 by 21.11.2010 2,500,000 options exercisable at $1.80 by 16.11.2011 2,200,000 options exercisable at $2.12 by 20.11.2012 2,500,000 options exercisable at $1.50 by 19.11.2011 2,150,000 options exercisable at $1.12 by 18.12.2014 1,000,000 options exercisable at $2.38 by 26.3.2012

NORTH PERTH BASIN

• Atlas infill aircore drilling programme completed (4,263m).

• Metallurgical testing of Atlas composite samples in progress.

• Measured Resource estimate for Atlas underway.

• Drilling of high priority targets at Gingin and Chandala in progress.

EUCLA BASIN

• Cyclone Extended mineralisation thickness increased by 25%.

• Cyclone Extended mineralogical tests and resource estimate underway.

Cash : $4.6 million

Directors:

Peter Thomson Chairman George Sakalidis Managing Director Roger Thomson Executive Director

NORTH PERTH BASIN

Cooljarloo (Image 70%)

As previously foreshadowed, Image Resources has completed a drill out of its Atlas deposit at Cooljarloo, designed to bring the resource to Measured status. A 388-hole, 4,268m aircore drilling was completed during the quarter bringing the resource drilling at Atlas to a total of 1,721 holes for 22,130m, at an average spacing of 100m x 20m as shown in Figure 1.

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Figure 1 Atlas Resource Drilling

In addition 31 drill holes were completed at the nearby Titan deposit together with geotechnical core holes to assess mineability at Atlas and Titan.

The resource drilling confirmed the shallow high grades discovered previously, as summarised in Table 1 with more detailed results shown in Table 2.

2

Table 1 High Grade Atlas Drill Results

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
A105	331739	6618125	3	5	2	33.1
A122	331759	6618299	4	7	3	22.3
A123	331779	6618299	4	7	3	22.0
A142	331799	6618501	4	7	3	31.1
A143	331820	6618503	3	7	4	23.2
A144	331839	6618504	1	7	6	37.4
A145	331859	6618502	0	6	6	28.2
A162	331839	6618899	2	6	4	23.3
A165	331899	6618900	2	6	4	21.3
A245	331919	6619700	3	6	3	27.7
A250	332020	6619701	2	8	6	24.4
A304	332119	6620299	2	4	2	29.0
A405	331520	6617464	11	12	1	53.5

1m samples, HM grade determined by TBE heavy liquid separation

Composite samples from this extensive drilling programme are currently undergoing metallurgical testing to provide mineral assemblage information and to test the suitability of the Atlas ilmenite as synthetic rutile feedstock.

There are currently five synthetic rutile plants situated in the Perth Basin, with an overall significant underutilisation of capacity. Estimation of a Measured Resource at Atlas has commenced, with an updated estimate expected to be available in June.

A review of drilling and geophysical data in the areas to the east of Atlas revised interpretation, with new targets generated as shown in Figure 2.

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Figure 2

Cooljarloo Target and Resource Areas

3

Drilling of the high-grade strand, now termed Rhea, together with other targets situated in the south east part of the project area will commence when permitting and heritage surveys have been completed.

Gingin (Image 100%) and Chandala (Image earning up to 80%)

Aircore drilling has commenced on a series of high amplitude magnetic targets over a 4km strike length on the Gingin (E70/3032) and Chandala (E70/2742) tenements as shown in Figure 3. Results from this drilling will be reported as they come to hand.

Images’ testing of its highly prospective mineral sand targets in the North Perth Basin is expected to significantly upgrade the existing 6.7million tonnes of Indicated and Inferred Resources of contained heavy minerals. A number of high priority targets will be tested in the next six months as part of Images’ accelerated drilling programme to assess the 300km strike length of targets indentified in the region.

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Figure 3 Gingin and Chandala Target Areas

4

EUCLA BASIN (Image 100%)

During the quarter Image received the remaining sample processing results from its previous 402-hole, 16,308m aircore drilling programme at Serpentine Lakes. The drilling results continued to confirm a zircon-rich assemblage, with zircon comprising up to 45% of the heavy mineral assemblage. This is of great significance because zircon is the highest value mineral normally found in heavy mineral deposits (approximately 10 times the value of ilmenite). In addition, the material has a very low slime content (range 1.8% - 7.6%, average 4.2%). Low slime content is important because the material is easier to treat thus reducing the operating costs of mining.

The recent sample results are summarised in Table 3. These samples are from areas above and adjacent to the higher grade core of the mineralisation. As a result most of the new intersections are from holes that were reported previously, but which now have greater thicknesses. Within the Cyclone Extended area shown in Figure 4, the average thickness of mineralisation has increased from 8m to 10m representing an overall increase in mineralisation thickness of 25%. As most of the increased thickness is in the upper part of the mineralisation, it is likely that the overburden ratio will reduce.

Two distinct zones of mineralisation are recognised within Cyclone Extended which abuts Diatreme Resources’ Cyclone resource to the north. Based on the drilling completed to date, the main body of the western zone is some 2km long and 800m wide, with a 200m-wide extension to the south for a further 750m. The eastern zone is about 800m wide, remains open to the south and could extend for up to 4.5km in length within the Image tenements. Additional mineralisation has been identified about 1.5km east of the eastern zone that warrants more drilling to define its extent.

The drill holes shown in Figure 4 are coloured by metal factor (intersected thickness x HM grade in m%HM). The metal factors are based on a mix of laboratory and visual estimates at this stage. Metal factors greater than 40m% are shown in magenta, 20 - 40m% in red, 7- 20m% in orange, 2 -7m% in green, and less than 2m% in blue. Sections showing some of the increased mineralisation thicknesses, ranging up to 20m thick (1% HM cut off), are shown in Figure 5.

These new results continue to highlight that Cyclone Extended is a potentially economic zircon discovery, particularly when considered with Diatreme’s contiguous Cyclone deposit. The strike length of the two deposits extends for some 10km, which is a significant size in a global context and which compares favourably with Iluka’s Jacinth-Ambrosia deposits further east in the Eucla Basin.

As previously reported, some 20km east of Cyclone Extended further HM mineralisation has been identified at the Monsoon prospect as shown in Figure 6. The area between Cyclone Extended and Monsoon remains prospective for additional mineralisation and further drilling is planned in this area.

Now that sample processing is complete, mineral assemblage studies and resource estimation have commenced. It is anticipated that the grades and continuity of mineralisation indicated from the drilling to date will allow the estimation of inferred resources for Cyclone Extended and Monsoon. Following this it is anticipated that a scoping study will be carried out to assess the economic potential of the project. Further drilling may then be undertaken to outline the full extent of the mineralisation and to investigate the mineralisation potential of the paleo-shorelines between Cyclone Extended and Monsoon where a 10km-long target area has been identified.

Image Resources continues to be most encouraged by the drilling results received to date which point to potential for extensive zircon-rich mineralisation with significant high titanium leucoxene and rutile credits.

5

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Figure 4 Cyclone Extended HM Prospect Showing Mineralisation and Drill Holes Coloured by Metal Factor

6

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Figure 5 Cyclone Extended Drill Sections

7

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Figure 6 Cyclone Extended and Monsoon Prospects

Table 2 Atlas Aircore Drill Intersections

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
A3	331319	6617001	8	11	3	7.4
A4	331339	6617003	9	12	3	6.3
A5	331360	6617006	8	12	4	6.8
A6	331379	6617006	6	7	1	20.7
A7	331400	6617003	5	7	2	7.0
A8	331419	6616999	5	8	3	18.5
A9	331439	6616999	4	7	3	6.1
A10	331459	6616999	3	7	4	7.4
A11	331479	6616999	4	6	2	7.5
A12	331499	6616999	3	6	3	9.1
A14	331539	6617000	3	6	3	6.1
A15	331559	6616999	4	5	1	9.7
A16	331579	6616999	3	5	2	8.7
A20	331359	6617099	5	10	5	3.9
A22	331399	6617099	7	9	2	8.6
A23	331419	6617101	7	9	2	13.4
A24	331439	6617101	6	9	3	16.5
A25	331459	6617100	5	8	3	8.6
A26	331480	6617099	4	7	3	10.0

8

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
A27	331499	6617099	4	6	2	5.8
A29	331539	6617100	4	6	2	5.2
A30	331559	6617101	4	6	2	9.2
A31	331579	6617099	4	7	3	3.6
A37	331459	6617301	11	12	1	25.8
A38	331479	6617299	9	11	2	26.5
A39	331499	6617299	8	9	1	41.3
A40	331519	6617302	5	7	2	22.2
A41	331539	6617304	5	7	2	10.9
A42	331559	6617299	5	7	2	16.8
A43	331579	6617299	4	7	3	10.6
A44	331599	6617299	3	6	3	9.3
A45	331620	6617298	4	5	1	10.8
A49	331419	6617400	11	14	3	4.9
A50	331480	6617415	12	13	1	22.4
A51	331499	6617405	10	15	5	7.3
A52	331519	6617406	7	9	2	14.8
A53	331540	6617401	6	9	3	9.0
A54	331559	6617399	5	8	3	6.0
A55	331579	6617398	5	8	3	13.1
A56	331599	6617398	4	7	3	15.1
A57	331639	6617398	3	8	5	4.7
A63	331519	6617699	9	11	2	8.0
A64	331539	6617699	9	11	2	4.0
A65	331559	6617699	10	11	1	6.5
A66	331579	6617701	9	11	2	11.0
A67	331600	6617701	9	11	2	21.6
A68	331619	6617699	6	10	4	7.8
A69	331639	6617699	6	11	5	16.8
A70	331660	6617699	6	9	3	22.5
A71	331679	6617699	5	9	4	12.3
A72	331699	6617699	5	8	3	5.8
A73	331719	6617699	5	7	2	5.0
A75	331759	6617699	4	6	2	5.2
A82	331579	6617899	8	9	1	18.1
A83	331599	6617899	7	9	2	5.6
A84	331619	6617900	8	11	3	11.6
A85	331639	6617902	6	11	5	7.7
A86	331659	6617900	7	8	1	15.1
A87	331679	6617899	5	7	2	5.9
A88	331700	6617899	4	8	4	14.7
A89	331719	6617899	1	6	5	13.2
A91	331759	6617899	3	5	2	6.6
A92	331779	6617899	3	5	2	4.9
A95	331539	6618129	3	4	1	7.2
A96	331558	6618129	3	4	1	6.8

9

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
A98	331599	6618129	7	9	2	5.9
A99	331621	6618130	7	10	3	14.9
A100	331639	6618129	7	9	2	16.8
A101	331659	6618130	6	8	2	12.6
A102	331679	6618129	6	8	2	14.4
A103	331698	6618129	6	8	2	6.9
A104	331717	6618128	4	6	2	6.0
A105	331739	6618125	3	8	5	14.9
A106	331760	6618122	3	4	1	11.4
A107	331780	6618122	3	4	1	9.8
A108	331800	6618121	3	4	1	9.6
A110	331520	6618297	8	12	4	4.4
A112	331559	6618299	2	3	1	8.6
A113	331579	6618299	2	9	2	7.6
A114	331599	6618299	2	3	1	12.2
A116	331639	6618299	7	8	1	7.2
A117	331659	6618299	6	8	2	4.3
A118	331679	6618299	6	9	3	14.9
A119	331699	6618299	6	9	3	9.6
A121	331739	6618299	3	8	5	4.8
A122	331759	6618299	3	7	4	18.1
A123	331779	6618299	3	7	4	17.6
A124	331799	6618299	0	4	4	7.9
A127	331859	6618302	2	3	1	12.1
A134	331639	6618499	7	9	2	3.4
A135	331659	6618499	7	9	2	7.2
A136	331680	6618500	7	9	2	12.2
A137	331699	6618500	7	9	2	10.5
A138	331719	6618500	7	9	2	13.8
A139	331739	6618499	7	9	2	12.7
A140	331759	6618498	3	8	5	6.8
A141	331779	6618499	3	9	6	10.7
A142	331799	6618501	3	7	4	24.3
A143	331820	6618503	0	7	7	14.2
A144	331839	6618504	0	7	7	32.7
A145	331859	6618502	0	6	6	28.2
A146	331879	6618501	0	5	5	7.1
A149	331579	6618899	6	8	2	2.7
A150	331599	6618902	7	9	2	3.5
A151	331620	6618901	6	8	2	2.7
A153	331659	6618899	1	2	1	3.6
A154	331679	6618899	1	3	2	6.1
A155	331699	6618899	5	7	2	8.1
A156	331719	6618899	5	7	2	5.6
A157	331739	6618899	4	6	2	11.6
A158	331759	6618899	5	9	4	13.4

10

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
A159	331779	6618899	5	7	2	20.1
A160	331799	6618899	2	9	6	9.0
A161	331819	6618899	2	7	5	12.4
A162	331839	6618899	0	7	7	15.0
A163	331859	6618900	0	8	8	7.4
A164	331879	6618901	0	6	6	10.6
A165	331899	6618900	0	6	6	15.6
A166	331919	6618900	0	5	5	4.0
A167	331939	6618900	0	3	3	7.7
A168	331959	6618899	2	5	3	14.6
A176	331639	6619099	5	7	2	3.0
A177	331659	6619099	1	6	5	4.5
A180	331719	6619099	5	7	2	4.7
A181	331739	6619099	0	7	7	2.7
A182	331759	6619099	4	6	2	11.4
A183	331779	6619099	4	6	2	10.4
A184	331800	6619099	3	8	5	7.4
A185	331819	6619099	3	6	3	8.7
A186	331839	6619099	3	7	4	7.1
A187	331859	6619100	1	5	4	9.6
A188	331879	6619101	0	6	6	10.4
A189	331899	6619101	0	7	7	8.2
A190	331919	6619101	0	6	6	8.4
A191	331939	6619099	0	3	3	3.9
A192	331959	6619099	0	2	2	3.3
A194	331999	6619098	0	2	2	6.5
A197	332060	6619104	2	7	5	6.3
A198	332080	6619099	4	6	2	2.4
A201	331599	6619499	6	9	3	3.3
A202	331619	6619499	6	9	3	3.0
A204	331659	6619501	3	8	5	2.7
A205	331680	6619499	6	8	2	4.2
A207	331719	6619499	2	8	6	1.8
A208	331739	6619499	2	3	1	6.9
A209	331759	6619499	2	7	5	4.7
A210	331779	6619499	1	10	9	3.6
A211	331799	6619499	1	7	6	2.7
A212	331819	6619499	1	9	8	2.3
A213	331839	6619499	2	8	6	5.6
A214	331859	6619499	1	7	6	4.7
A215	331879	6619499	2	7	5	6.2
A216	331899	6619499	1	6	5	9.8
A217	331919	6619499	2	7	5	9.3
A218	331939	6619499	1	7	6	6.7
A219	331959	6619499	1	6	5	8.0
A220	331979	6619499	1	8	7	12.3

11

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
A221	331999	6619499	1	7	6	11.2
A222	332019	6619499	2	6	4	8.3
A224	332060	6619501	4	9	5	4.1
A225	332079	6619501	2	7	5	7.0
A226	332099	6619501	3	6	3	9.9
A227	332119	6619502	3	5	2	2.4
A233	331679	6619699	1	5	4	2.2
A234	331699	6619699	2	6	4	2.0
A235	331719	6619699	4	5	1	7.1
A238	331779	6619699	4	6	2	4.5
A239	331799	6619699	3	8	5	3.0
A240	331819	6619699	4	8	4	3.6
A241	331839	6619699	4	6	2	3.1
A242	331859	6619699	1	6	5	3.3
A243	331879	6619699	1	7	6	4.4
A244	331900	6619700	2	7	5	6.1
A245	331919	6619700	2	7	5	18.1
A246	331940	6619699	3	7	4	6.8
A247	331960	6619699	2	7	5	6.3
A248	331979	6619699	1	7	6	7.4
A249	331999	6619699	1	8	7	7.5
A250	332020	6619701	2	9	7	21.3
A251	332039	6619701	5	7	2	6.3
A252	332059	6619699	3	8	5	4.6
A253	332079	6619698	4	9	5	5.8
A254	332100	6619698	3	6	3	5.1
A255	332119	6619699	3	6	3	11.7
A256	332139	6619699	3	5	2	6.7
A259	331719	6620106	3	6	3	4.2
A260	331739	6620106	1	8	7	3.0
A261	331759	6620105	2	5	3	2.0
A262	331779	6620103	1	4	3	2.8
A264	331819	6620101	4	6	2	2.6
A265	331839	6620099	2	7	5	4.7
A266	331859	6620099	2	4	2	4.7
A267	331879	6620099	4	9	5	2.0
A268	331899	6620098	3	7	4	3.4
A269	331920	6620097	3	7	4	6.5
A270	331940	6620097	5	8	3	4.2
A271	331960	6620094	2	7	5	3.2
A272	331980	6620095	2	8	6	5.0
A273	331999	6620095	2	8	6	5.3
A274	332019	6620098	2	7	5	3.5
A275	332039	6620099	3	7	4	3.9
A276	332059	6620099	2	8	6	3.4
A277	332079	6620102	2	8	6	3.9

12

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
A278	332099	6620103	1	7	6	10.0
A279	332119	6620104	2	8	6	2.2
A282	332180	6620098	3	5	2	17.0
A285	331739	6620299	5	7	2	2.9
A286	331759	6620299	5	9	4	2.5
A289	331819	6620299	1	2	1	4.3
A290	331839	6620299	5	7	2	4.5
A291	331859	6620299	4	5	1	4.0
A293	331899	6620299	4	6	2	3.7
A294	331919	6620299	2	6	4	3.1
A295	331939	6620299	3	8	5	3.6
A296	331959	6620299	2	7	5	11.8
A297	331980	6620299	2	6	4	3.5
A298	332000	6620298	2	7	5	3.4
A299	332019	6620299	2	7	5	5.4
A300	332039	6620299	4	6	2	2.8
A301	332059	6620299	4	6	2	12.4
A302	332080	6620299	2	5	3	4.4
A303	332099	6620299	2	6	4	9.7
A304	332119	6620299	2	6	4	15.3
A308	332199	6620298	2	7	5	10.6
A309	332220	6620298	2	4	2	2.9
A310	332240	6620298	3	5	2	3.2
A314	331821	6620691	4	9	5	2.8
A315	331839	6620699	1	6	5	4.6
A316	331859	6620699	4	5	1	7.8
A318	331899	6620699	2	5	3	3.3
A319	331919	6620699	2	3	1	3.0
A320	331940	6620699	1	2	1	3.7
A321	331959	6620699	1	5	4	4.8
A322	331979	6620699	2	9	7	8.3
A323	331999	6620699	2	6	4	3.5
A324	332019	6620699	2	7	5	4.0
A325	332039	6620699	2	8	6	3.9
A326	332059	6620699	3	8	5	5.7
A327	332079	6620699	3	7	4	6.7
A328	332099	6620699	3	5	2	3.8
A329	332119	6620699	2	6	4	4.4
A331	332159	6620699	2	6	4	3.2
A334	332219	6620699	5	7	2	2.5
A335	332239	6620699	2	3	1	4.2
A336	332259	6620699	4	6	2	3.0
A337	332279	6620699	2	5	3	2.7
A338	332299	6620699	4	11	7	2.1
A339	332319	6620699	5	7	2	4.0
A341	332359	6620699	9	11	2	3.1

13

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
A342	331780	6620901	6	8	2	2.3
A343	331799	6620901	3	7	4	2.5
A344	331819	6620900	3	7	4	5.3
A345	331839	6620900	5	6	1	9.6
A346	331859	6620900	5	6	1	4.8
A347	331879	6620901	2	6	3	3.8
A348	331900	6620901	4	5	1	6.8
A349	331919	6620902	2	3	1	9.9
A350	331939	6620903	2	3	1	3.5
A352	331980	6620902	1	8	7	3.9
A353	332000	6620901	4	7	3	4.1
A354	332019	6620901	3	7	4	4.2
A355	332040	6620900	4	5	1	8.3
A356	332059	6620899	3	10	7	4.1
A357	332079	6620899	5	10	5	4.0
A358	332099	6620899	4	8	4	6.6
A359	332120	6620899	3	9	6	2.1
A360	332139	6620899	4	11	7	3.1
A361	332160	6620900	4	11	7	8.1
A362	332179	6620901	0	7	7	6.7
A364	332219	6620900	3	7	4	5.3
A365	332239	6620900	4	11	7	2.1
A367	332280	6620900	3	4	1	3.0
A368	332299	6620901	4	11	7	2.0
A370	332340	6620900	8	12	4	3.3
A371	332360	6620900	7	12	5	2.4
A401	331440	6617465	10	11	1	11.5
A402	331460	6617464	7	14	7	3.7
A403	331480	6617464	8	14	6	3.7
A404	331500	6617464	9	14	5	3.4
A405	331520	6617464	10	13	3	20.4
A406	331540	6617464	8	14	6	5.5
A407	331560	6617464	6	10	4	8.0
A408	331580	6617464	5	9	4	10.1
A409	331600	6617464	5	10	5	6.1
A410	331620	6617464	5	6	1	19.0
A411	331640	6617464	6	7	1	5.5
A412	331660	6617464	4	5	1	7.4
A413	331680	6617464	2	4	2	10.1

1m samples, HM grade determined by TBE heavy liquid separation

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Table 3 Cyclone Extended Aircore Drill Intersections

Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
SL098	474571	6808730	16	24	8	2.1
SL102	474047	6810081	8	23	15	1.9
SL108	474478	6810246	8	23	15	1.1
SL110	474547	6810332	8	23	15	2.2
SL218	476132	6808985	19	27	8	1.5
SL219	476081	6808980	12	26	14	2.5
SL220	476032	6808980	12	27	15	2.6
SL251	475976	6808972	12	27	15	2.9
SL322	477211	6810571	8	16	8	1.8
SL332	475301	6810371	16	30	14	2.0
SL338	474083	6810090	10	21	11	1.5
SL349	475915	6809963	14	32	18	2.4
SL350	475866	6809941	18	32	14	3.4
SL356	475558	6809773	14	28	14	2.1
SL364	474843	6809712	18	24	6	1.6
SL365	474791	6809703	13	24	11	2.7
SL368	474644	6809710	10	22	12	1.4
SL369	474593	6809706	6	26	20	3.9
SL370	474545	6809716	6	21	15	3.8
SL371	474489	6809720	6	21	15	3.3
SL372	474438	6809712	4	21	17	3.8
SL373	474389	6809696	6	22	16	5.0
SL374	474341	6809685	8	21	13	3.3
SL375	474294	6809654	8	23	15	3.0
SL376	474246	6809627	10	21	11	1.9
SL378	474145	6809600	13	21	8	1.8
SL379	474100	6809590	14	21	7	2.0
SL382	474219	6809176	16	24	8	1.4
SL385	474358	6809247	12	20	8	1.9
SL386	474401	6809266	12	21	9	2.5
SL387	474454	6809275	12	21	9	1.9
SL388	474500	6809280	8	24	16	3.6
SL389	474544	6809295	8	24	16	2.7
SL390	474591	6809308	6	22	16	4.5
SL391	474642	6809312	12	24	12	2.6
SL392	474688	6809306	8	22	14	3.0
SL393	474740	6809304	8	22	14	3.1
SL405	475616	6809481	14	27	13	2.7
SL406	475662	6809496	14	28	14	2.6
SL407	475713	6809511	14	29	15	3.0
SL423	474815	6808355	16	25	9	2.5
SL425	474912	6808332	12	23	11	2.0
SL426	474955	6808317	17	22	5	1.4

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Hole Number	MGA East	MGA North	From m	To m	Interval m	% HM
SL447	476312	6808514	19	30	11	2.7
SL448	476356	6808525	16	30	14	2.5
SL449	476398	6808537	22	29	7	1.6
SL452	476544	6808549	25	30	5	3.0
SL477	476474	6808245	18	36	18	2.8
SL486	476842	6808330	32	36	4	3.9
SL487	476930	6808357	22	36	14	1.1

1m or 2m samples, HM grade determined by TBE heavy liquid separation

For more information on the company visit www.imageres.com.au Please direct enquiries to:

Roger Thomson	George Sakalidis
Executive Director	Managing Director
Phone (08) 9485 2410	Phone (08) 9485 2410
Mobile 0419 969 183	Mobile 0411 640 337
Email roger@imageres.com.au	Email george@imageres.com.au

The information in this report that relates to exploration results is based on information compiled or reviewed by Scott Carruthers BSc,MSc. Scott Carruthers is a full time employee of Image Resources NL. Scott Carruthers has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Persons as defined in the 2004 edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Scott Carruthers consents to the inclusion of this information in the form and context in which it appears in this report.

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