Industrial Minerals Corporation (IDM)

Shares / Stock Code

IDM

Stock Exchange / Sharemarket

Australian Securities Exchange

Industrial Minerals Corporation (IDM) is a minerals exploration company. The company is focused on the Southern Oregon Mineral Sands Project, located in southwest Oregon, USA. Occurences of chromite, garnet, zircon have been detected in the region. It was listed on ASX on 8 November, 2006.

Industrial Minerals Corporation owns 100% of Oregon Resources Corporation (ORC) which is developing the Southern Oregon Mineral Sands project covering approximately 2,600 acres of terraced mineral sands properties near Coos Bay in southwestern Oregon.

Exploration data created from work carried out by ORC and compiled with the U.S. Bureau of Mines and USGS data demonstrates the existence of heavy mineral deposits incorporating a multiple suite of minerals including chromite, garnet, zircon, ilmenite, magnetite, kyanite and stauorlite.

All aspects of processing the extracted material will be undertaken on company owned property located in Coos Bay, Oregon.. The main plant to be constructed is designed to be highly efficient and scaleable with the ability to process from 500,000 to 1,200,000 tpa of material.

ORC has been established in the area since 1989 when the first stage of exploration was undertaken. Since that time management has been persistent and diligent in partnering with the local community to build economic growth and social infrastructure. The project offers benefits to the community and the company respectively through job creation and a stable work force.

Industrial Minerals Corporation (IDM) Products and Services

  • Exploration and production of mineral sands in the USA

Industrial Minerals Corporation (IDM) Locations and Subsidiaries

Industrial Minerals Corporation Head Office
52 Ord Street,
WEST PERTH, WA 6005
Phone: (08) 9481 8760
Fax: (08) 9481 5142

Industrial Minerals Corporation (IDM) Share Price

Submitted by ASX Listed Company on 23 April, 2010 - 00:52

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