Image Resources NL Extends Prepayment Facility Term, Secures Six-Month Repayment Holiday

MT Newswires Live14:42

Image Resources NL (ASX:IMA) said it has negotiated adjustments to the terms of its prepayment facilities with its heavy mineral concentrate (HMC) offtake partners, extending the facility term from April 30 to Dec. 31, to accommodate a six-month repayment holiday, according to a Thursday Australian bourse filing.

The company said during the holiday period, the requirement for a notional 20% of each HMC shipment to be provided at zero cost, as loan repayment is waived, meaning offtakers will pay the full market value of each shipment.

The filing added that the extension is designed to assist with cashflow management during the current soft mineral sands commodities market, which accelerated in the second half of 2025, with the outstanding balance on the original $20 million loan standing at about $9 million, including accrued interest at the end of February.

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