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IMC Exploration Group Plc Mineral Resource Estimate

JORC-compliant Inferred Mineral Resource Estimate on IMC’s licence area at Avoca, Co. Wicklow, Ireland (PL 3850) 

CSA Global Pty Ltd (CSA Global) has completed a Mineral Resource Estimate (MRE) for IMC’s Avoca[GA1]  historic mine site project located in Co. Wicklow, south-east[GA2]  Ireland.

The sample density has allowed the MRE to be classified as an Inferred Resource and is reported in accordance with the JORC Code (2012).  The classification of the MRE was carried out taking into consideration the volumes of the spoil heaps, the nature and spacing of the sampling and density data.  The MRE is presented below.

Inferred Mineral Resource estimate (all tonnages reported with no cut-off grade applied)

Spoil Heap Tonnes (kt) Cu (%) Pb (%) Zn (%) Au (g/t) Ag (ppm)
Forest of Gold 2 0.57 4.31 0.83 5.2 64
Tigroney Lower East 19 0.44 0.68 0.37 0.6 13
Tigroney North 158 0.18 0.12 0.04 0.1 3
Subtotal (Tigroney East) 178 0.29 0.62 0.20 0.7 11
Mt Platt 852 0.13 0.37 0.12 0.2 7
Cronebane 841 0.13 0.43 0.16 0.4 10
TOTAL 1,871 0.14 0.42 0.14 0.3 9

Source: CSA Global (2019)

The MRE is based on data from 14 sample pits, dug with an excavator and reflecting representative vertical intervals throughout the spoils’ heaps.

Samples were taken from each sample pit sample stockpile and used to calculate an in-situ bulk density of 1.59t/m3 (assumed to be a wet bulk density). The total tonnage of dumps in Tigroney East, Mount Platt and Cronebane was calculated at 1.871 million tonnes.

An average sample grade for Cu (%), Pb (%), Zn (%), Au (g/t) and Ag (g/t) was assigned to each spoil heap based upon the sample grades from the relevant pit(s).

Mineralogical testing is ongoing and results will be reported when they become available.

There is further potential to increase the tonnage and grade of the MRE by conducting further investigations including basal topography surveying as well as the investigation of other spoil heaps present in the area, particularly at West Avoca.

IMC is to establish an environmental clean-up operation to remove metals from the existing mine waste at the project site.

IMC’s Chairman, Eamon O’Brien, commented, “The Mineral Resource Estimate for our spoils and tailings project in Avoca, Co. Wicklow is of great significance. There is further potential to increase the tonnage and grade, not only on this site but also on other spoil heaps within IMCs licence areas.  The scale of this opportunity at Avoca is transformational for IMC and its shareholders.  The Mineral Resource Estimate is a significant development and further validates the Company’s strategy.  Work continues and the Directors believe this represents an exciting time for the Company and its shareholders.”

Consent to release the report dated September 2019 “JORC compliant Inferred Mineral Resource Estimate on IMC’s licence area at Avoca, Co. Wicklow, Ireland (PL 3850)”, announcing the Mineral Resource, was given by David Williams, Principal Resource Geologist at CSA Global Pty Ltd.

Eamon P. O’Brien,
Executive Chairman,

Dublin, 10th September 2019 
The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.

REGULATORY ANNOUNCEMENT ENDS.

Contact Details:

Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc
Graham Atthill-Beck: +44 20 7464 4091 / +44 750 643 4107 / +971 50 856 9408 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited

IMC Exploration Group Plc (IMC) Admission of 17,731,706 Shares

Further to the Company’s announcement on 20th August 2019 of the Placing of 15,000,000 Shares (together with a like number of unquoted Warrants) and its intention to apply for Admission of the Placing Shares and the Fee Shares aggregating 17,731,706 Shares, the Company is pleased to announce that it has received confirmation that these Shares have been admitted and that trading in them will commence on the regulated market of the London Stock Exchange today (Tuesday, 27th August 2019).

As earlier advised, the Placing Shares and the Fee Shares rank pari passu with the existing Shares. The total number of Shares in issue is now 282,745,991 (previously 265,014,285).

Expressions in the foregoing announcement, including “Fee Shares”, “Shares”, “Placing”, “Placing Shares”, “Admission,” et cetera which are denoted by capital letters have the same meanings as those ascribed to them in the announcement dated 20th August 2019, to which reference is made above.

Eamon P. O’Brien,
Executive Chairman,
Dublin, 27th August 2019

The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
REGULATORY ANNOUNCEMENT ENDS.

Contact Details:
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc

Graham Atthill-Beck: +44 20 7464 4091 / +971 50 856 9408 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited

IMC Exploration #IMC – Placing; Issue of Shares in Lieu of Fees

The Board of IMC is pleased to announce that it has raised £150,000 (one hundred and fifty thousand pounds Sterling) before expenses by way of a placing (the “Placing”) of 15,000,000 (fifteen million) new ordinary shares of €0.001 each (“Shares”) in the Company at a price of 1 penny per share for cash (the “Placing Shares”), conditional only upon admission of the Placing Shares to the Official List of the FCA and to trading on the regulated market of the London Stock Exchange (“Admission”) of the Placing Shares. Additionally, the Company has resolved to allot to third parties 2,731,706 Shares at the same price (the “Fee Shares”), in satisfaction of professional fees owed by the Company. Alongside each Placing Share will be issued a warrant to subscribe for one further Share at a price of 1p per Share, exercisable for one year from the date of issue (“Warrant”). There is no intention to make application for admission to trading on any public market of the 15,000,000 Warrants being issued with the Placing Shares.

The Placing Shares and the Fee Shares will rank in all respects pari passu with the existing Shares, of which 265,014,285 are in issue. Application is being made for Admission of all 17,731,706 Shares comprising the Placing Shares and the Fee Shares, which is expected to occur on or about 23rd August 2019. The total number of Shares in issue following the Placing and issuance of the Fee Shares will be 282,745,991 (previously 265,014,285).

The net proceeds of the Placing will be applied to general working capital purposes, including acceleration of IMC’s exploration and geological work on its spoils and tailings project in Avoca, Co. Wicklow, Ireland. The Directors note the gold price has recently surpassed $1,500 per troy ounce for the first time in over six years.  This is good news for IMC and, in particular, bodes well for its gold, spoils and tailings project in Avoca, Co. Wicklow.

Eamon P. O’Brien,
Executive Chairman,
Dublin, 20th August 2019

The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
REGULATORY ANNOUNCEMENT ENDS.
Contact Details:
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc

Graham Atthill-Beck: +44 20 7464 4091/+971 50 856 9408 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited

Alan Green discusses Bidstack #BIDS, Team 17 #TM17, Feedback #FDBK and IMC Exploration #IMC on the Vox Markets podcast

Alan Green discusses Bidstack #BIDS, Team17 #TM17, Feedback #FDBK and IMC Exploration #IMC. The interview is 10 minutes 56 seconds in.

IMC Exploration Group #IMC – Award of Additional Wexford Exploration Licences

The Directors of IMC Exploration Group Plc are delighted to announce IMC has been awarded two additional prospecting licences, PL Area 1200 and PL Area 1199 (both in Co. Wexford) by the Exploration and Mining Division of the Department of Communications, Climate Action and Environment. IMC was encouraged to apply for these licences as they adjoin its existing PL 2551 licence, where IMC had previously encountered high gold grades yielding 354g/t gold (=11.38 oz/t gold) from Drillhole 12-2551-04.  IMC now holds three adjacent exploration licence areas in Co. Wexford. The Directors believe that the two new licences should significantly enhance the Company’s North Wexford gold project.

Eamon P. O’Brien, Chairman, commented, “In keeping with IMC’s strategy to establish a significant gold resource, these new additional licences, along with the high gold grades encountered on parts of the adjoining PL 2551, give IMC the capacity immediately to accelerate its exploration programme in this area.”

Eamon P. O’Brien,
Executive Chairman,
Dublin, 12th August 2019

The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
REGULATORY ANNOUNCEMENT ENDS.

Contact Details:
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc

Graham Atthill-Beck: +44 20 7464 4091/+971 50 856 9408 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited

IMC Exploration Group #IMC – Further re Placing of Shares

The Board of IMC on 26th July 2019 announced inter alia that it had raised £100,000 (one hundred thousand pounds Sterling) before expenses by way of a Placing of 10,000,000 (ten million) new Shares in the Company at a price of 1 penny per Placing Share, conditional only upon Admission of the Placing Shares, which occurred on 1st August 2019. The terms “Placing”, “Shares”, “Placing Shares” and “Admission” have the meanings ascribed to them in the Company’s announcement of 26th July 2019.

A participant in the Placing was SVS. It was announced on 5th August 2019 that SVS had entered Special Administration under the Banking Act 2009 (as amended) and that the courts had appointed special administrators to resolve the affairs of SVS following its cessation of trading on 2nd August 2019. Details are available via this link: https://www.fca.org.uk/news/news-stories/svs-securities-plc-enters-administration

SVS had irrevocably committed to subscribe for 6,500,000 (six-and-a-half million) Placing Shares in the Placing for a total consideration of £65,000 (sixty-five thousand pounds Sterling), which transaction had been due to settle on 1st August 2019. The Company is seeking confirmation from the special administrators of SVS of the status of the overdue settlement. Further announcement(s) will be made when IMC obtains substantive information from the special administrators of SVS.
Eamon P. O’Brien,
Executive Chairman,
Dublin, 7th August 2019 

The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
REGULATORY ANNOUNCEMENT ENDS.

Contact Details:
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc

Graham Atthill-Beck: +44 20 7464 4091/+971 50 856 9408 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited

IMC Exploration Group Plc (IMC) Listing of New Equity Securities

Further to the Company’s announcement on 26th July 2019 of the conditional Placing of 10,000,000 new Shares (together with a like number of Warrants) and its intention to apply for Admission of the Placing Shares, the Company is pleased to announce that it has received confirmation that the Placing Shares were admitted and that trading in them commenced on the regulated market of the London Stock Exchange on 1st August 2019.

As earlier advised, the Placing Shares rank pari passu with the existing Shares. The total number of Shares in issue is now 265,014,285 (previously 255,014,285).

Expressions in the foregoing announcement, including “Shares”, “Placing”, “Placing Shares”, “Admission,” et cetera which are denoted by capital letters have the same meanings as those ascribed to them in the announcement dated 26th July 2019, to which reference is made above.

Eamon P. O’Brien,
Executive Chairman,
Dublin, 1st August 2019

The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.

REGULATORY ANNOUNCEMENT ENDS.

Details:

Kathryn Byrne: +353 85 233 6033

IMC Exploration Group plc

Graham Atthill-Beck: +44 20 7464 4091/+44 750 643 4107 / Graham.Atthill-Beck@kbrl.co.uk

Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk

Keith, Bayley, Rogers & Co. Limited

Tom Curran: +44 20 3700 0100

SVS Securities Limited

IMC Exploration (IMC) Update to Announcement Dated 26th July 2019; differs in respect only to anticipated Admission date

Following the admission to the standard segment of the Official List of the Financial Conduct Authority of the United Kingdom (”FCA”) and to trading on the regulated market of the London Stock Exchange (“Admission”) of the whole of the issued share capital of the Company, the Board of IMC is pleased to announce that it has raised GBP 100,000 (one hundred thousand pounds Sterling) before expenses by way of a placing (the “Placing”) of 10,000,000 (ten million) new ordinary shares of EUR0.001 each (“Shares”) in the Company at a price of 1p per share (the “Placing Shares”), conditional only upon Admission of the Placing Shares. Alongside each Placing Share will be issued a warrant to subscribe for one further Share at a price of 1p per Share, exercisable for one year from the date of issue (“Warrant”). There is no intention to make application for admission to trading on any public market of the 10,000,000 Warrants.

The Placing Shares will rank in all respects pari passu with the existing Shares, of which 255,014,285 are in issue. Application is being made for Admission of the Placing Shares, which is expected to occur on or about 31st July 2019. The total number of Shares in issue following the Placing will be 265,014,285 (previously 255,014,285).

The net proceeds of the Placing will be applied to general working capital purposes, including acceleration of the Company’s geological work on the Avoca project in Co. Wicklow, Ireland. Recently, samples of the spoil heaps were taken at one metre intervals through the upper sections of the heaps. Sulphide mineralisation was visible throughout. A portion of these samples has been combined and is currently undergoing extensive mineralogical and metallurgical examination in an external laboratory to determine the most efficient means of metal extraction.

IMC’s exploration programme on its gold and copper licences in south-east Ireland continues, with a considerable amount of data already gathered. These data are currently being analysed and will inform the next phase of the Company’s works’ programme in this area.

Eamon P. O’Brien,
Executive Chairman,
Dublin, 29th July 2019 

The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.

REGULATORY ANNOUNCEMENT ENDS.

Contact Details:
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc

Graham Atthill-Beck: +44 20 7464 4091/+44 750 643 4107 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited

Tom Curran: +44 20 3700 0100
SVS Securities Limited 

IMC Exploration Group Plc (IMCP) Placing of New Equity Securities

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED (“MAR”). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE (“RIS”), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. THE SHARE PLACING DESCRIBED BELOW DOES NOT FORM PART OF A LARGER, ONGOING TRANSACTION AND, ACCORDINGLY, FURTHER DISCLOSURE UNDER ARTICLE 17 OF MAR IS NOT REQUIRED.

Following the admission to the standard segment of the Official List of the Financial Conduct Authority of the United Kingdom (”FCA”) and to trading on the regulated market of the London Stock Exchange (“Admission”) of the whole of the issued share capital of the Company, the Board of IMC is pleased to announce that it has raised GBP 100,000 (one hundred thousand pounds Sterling) before expenses by way of a placing (the “Placing”) of 10,000,000 (ten million) new ordinary shares of EUR0.001 each (“Shares”) in the Company at a price of 1p per share (the “Placing Shares”), conditional only upon Admission of the Placing Shares. Alongside each Placing Share will be issued a warrant to subscribe for one further Share at a price of 1p per Share, exercisable for one year from the date of issue (“Warrants”). There is no intention to make application for admission to trading on any public market of the 10,000,000 Warrants.

The Placing Shares will rank in all respects pari passu with the existing Shares, of which 255,014,285 are in issue. Application is being made for Admission of the Placing Shares, which is expected to occur on or about 30th July 2019. The total number of Shares in issue following the Placing will be 265,014,285 (previously 255,014,285).

The net proceeds of the Placing will be applied to general working capital purposes, including acceleration of the Company’s geological work on the Avoca project in Co. Wicklow, Ireland. Recently, samples of the spoil heaps were taken at one metre intervals through the upper sections of the heaps. Sulphide mineralisation was visible throughout. A portion of these samples has been combined and is currently undergoing extensive mineralogical and metallurgical examination in an external laboratory to determine the most efficient means of metal extraction.

IMC’s exploration programme on its gold and copper licences in south-east Ireland continues, with a considerable amount of data already gathered. These data are currently being analysed and will inform the next phase of the Company’s works’ programme in this area.

Eamon P. O’Brien,
Executive Chairman,
Dublin, 26th July 2019 

The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
REGULATORY ANNOUNCEMENT ENDS.
Contact Details:
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc

Graham Atthill-Beck: +44 20 7464 4091/+44 750 643 4107 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited

Tom Curran: +44 20 3700 0100
SVS Securities Limited 

Brand CEO Alan Green talks Open Orphan #ORPH, Volga Gas #VOLG, Thomas Cook #TCG & IMC Exploration #IMC on Vox Markets podcast

Alan Green, CEO of Brand Communications talks about: Open Orphan #ORPH Volga Gas #VGAS Thomas Cook #TCG IMC Exploration #IMC with Justin Waite on the Vox Markets podcast. Interview is 7 minutes 29 seconds in.

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