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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 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 #IMCP – Publication of Prospectus re Admission to Trading on the London Stock Exchange

IMC Exploration Group plc (Incorporated and Registered in Ireland under the Irish Companies Act 2014 with registered number 500487)

Publication of Prospectus in relation to the proposed application for admission of all of the 255,014,285 Ordinary Shares in issue to the standard segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange

The Directors of IMC Exploration Group plc (“IMC” or the “Company”) are pleased to announce that The Central Bank of Ireland has approved the prospectus dated 16th April 2019 (the “Prospectus”) relating to the Company’s intended application for admission of the whole of its issued ordinary share capital to the standard segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange.

The Prospectus is available on the Company’s website (https://www.imcexploration.com/media/attachments/2019/04/16/imc-prospectus.pdf) and is available for inspection in physical format at the Company’s registered office, 70 Ballybough Road, Ballybough, Dublin 3, Ireland, during business hours (Monday – Friday. 9am – 5pm) up to and including 15th April 2020. Investors may also refer to this address to request a printed copy of the Prospectus.

The Company intends to apply for admission of all of the 255,014,285 ordinary shares in issue to the standard segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange and anticipates admission to take place on or about 11th June 2019.

IMC Exploration Group Plc,
Dublin, 16th April 2019

Enquiries:

IMC Exploration Group Plc
Mr. Eamon O’Brien
Tel. Ireland: +353 87 6183024

Keith, Bayley, Rogers & Co. Limited (Financial Adviser to IMC)
Mr. Graham Atthill-Beck
Tel. +44 207 464 4091; +971 50 856 9408

IMC Exploration Group #IMCP – Interim Results to 31st December 2018

Financial Results for IMC Exploration Group PLC (‘IMC’ or ‘the Company’) for the half-year ended 31st December 2018

Chairman’s Statement

The Directors of IMC Exploration Group plc are pleased to present the interim financial results for IMC for the six months to 31st December 2018. The consolidated, unaudited financial statements presented below have been reviewed by the Company’s auditors.

IMC continues with its exploration work on its spoils and tailings project in Avoca, Co. Wicklow in association with Trove Metals Limited.  Over this period IMC has been engaged in extensive sampling, petrographic, mineralogical and metallurgical testing. In the fourth quarter of 2018, IMC carried out drilling on its highly prospective Avoca property PL 3849 in Co Wicklow, Ireland.  The drill hole encountered a sequence of flow-banded rhyolites, locally brecciated with a dark siliceous matrix and minor pyrite mineralisation (maximum 1% pyrite).  Several zones (1-2m wide) of intense quartz veining with pyrite occur within the rhyolite sequence.  During this period, IMC also engaged CSA Global Limited to carry out a JORC Code (2012) compliant Competent Person’s Report.  IMC has commenced drilling on its north Wexford licence PL 2551.  This is a highly prospective licence for gold mineralisation.  There are many occurrences of gold in panned concentrates, gold in soils, gold in deep overburden, gold in mineralised float and gold in bedrock.

This has been a significant six months for IMC. The progress made on our Avoca spoils and tailings project has been remarkable.  IMC is embarking on a very exciting drilling programme on a number of our licences in the coming weeks and months. In the opinion of your Board, IMC is well positioned to realise its potential to the benefit of all shareholders.

EAMON O’BRIEN,

Executive Chariman, IMC Exploration Group plc

Unaudited Consolidated Statement of Comprehensive Income for the period ended 31 December 2018
Six Months Six Months Year Ended
Notes 31-Dec-18 31-Dec-17 30-Jun-18
Euro Euro
Continuing Operations
Revenue
Other Income / (Expense) 0 0 0
Administrative Expenses (155,737) (74,680) (921,757)
Amount written off intangible assets                (284,088)
(Loss) before tax (155,737) (74,680) (1,205,845)
Income tax expense 0 0 10,991
(Loss) for period from continuing operations (155,737) (74,680) (1,194,854)
Other Comprehensive income
Loss for the period and total comprehensive loss for the period (155,737) (74,680) (1,194,854)
Earning per share (all continuing)
Loss per ordinary share – basic & diluted 1 (0.001) (0.001) (0.005)
Unaudited Consolidated Statement of Financial Position As at 31 December 2018
Six Months Six Months Year Ended
Notes 31-Dec-18 31-Dec-17 30-Jun-18
Non Current Assets 2 364,139 587,666 332,127
Current assets
Debtors 0 78,747 (0)
Cash and cash equivalents 116,425 (35,362) 212,410
Total assets 480,564 631,050 544,537
Equity and liabilities
Equity
“A” Ordinary Share Capital 38,093 38,093 38,093
Ordinary Share Capital 255,014 136,017 240,014
Share Premium – Ord Shares 3,606,798 2,554,409 3,490,942
Retained Earnings (3,436,053) (2,160,143) (3,280,316)
Equity attributable to the owners of the Company 463,852 568,376 488,733
Current Liabilities
Trade & Other Payables 16,712 62,674 55,804
Total liabilities 16,712 62,674 55,804
Total equity and liabilities 480,564 631,050 544,537
Unaudited Consolidated Statement of Changes in Equity for the period ended 31 December 2018
“A” Share
Ordinary Ordinary Premium
Share Share Ordinary Retained
Capital Capital Shares Losses Total
Euro Euro Euro Euro Euro
Balance at 30 June 2017 38,093 128,517 2,489,137 (2,085,462) 570,285
Loss for the Period (1,194,854) (1,194,854)
Other Comprehensive loss for the period
Issue of share capital 111,497 1,001,805 1,113,302
Balance at 30 June 2018 38,093 240,014 3,490,942 (3,280,316) 488,733
Loss for the Period (155,737) (155,737)
Other Comprehensive loss for the period
Issue of share capital 15,000 115,856 130,856
Balance at 31 December 2018 38,093 255,014 3,606,798 (3,436,053) 463,852
Accounting Policies
Basis of Preparation
The financial statements have been prepared on a historical cost basis.
The financial statements are presented in Euro.
1. Statement of Compliance
The consolidated year end financial statements of IMC Exploration Group PLC and its subsidiary have been reviewed by the auditor and have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU). In addition to complying with its legal obligation to comply with IFRS as adopted for use in the EU, the Group has also complied with IFRS as issued by the International Accounting Standards Board (IASB).

 

Notes to and forming part of the annual financial statements
1.   Loss per Share
Basic loss per Ordinary Share amounts are calculated by dividing net loss for the period attributable to ordinary equity holders of the parent by the weighted average number of Ordinary Shares outstanding during the period.
Basic earnings per share
The weighted average number of ordinary shares used in the calculation of basic and diluted earnings per share is as follows:
Six Months Six Months Year Ended
31-Dec-18 31-Dec-17 30-Jun-18
Loss for the period attributable to equity holders of the parent 155,737 74,680 1,194,854
Weighted average number of ordinary shares for the purposes of basic earning per share 255,014,285 136,016,719 240,014,285
Basic (loss) per ordinary share (0.001) (0.001) (0.005)

 

2.   Non Current Assets
Exploration Plant and Financial
Expenditure Equipment Assets Total
Euro Euro Euro Euro
Cost
At 30 June 2017 587,665 6,125 0 593,790
Additions/Disposals 28,550 28,550
At 30 June 2018 616,215 6,125 0 622,340
Additions/Disposals 32,012 0 32,012
At 31 December 2018 648,227 6,125 0 654,352
Provision for diminution in value
At 30 June 2017 (6,125) 0 (6,125)
Charge for period (284,088-) 0 (284,088)
Disposal 0 0
At 30 June 2018 (284,088) (6,125) 0 (290,213)
Charge for period 0 0
At 31 December 2018 (284,088) (6,125) 0 (290,213)
Net book value
At 31 December 2018 364,139 0 0 364,139
Expenditure on exploration activities is deferred on areas of interest until a reasonable assessment can be determined of the existence or otherwise of economically recoverable reserves. No amortisation has been charged in the period. The directors have reviewed the carrying value of the exploration and evaluation assets and consider it to be fairly stated and not impaired at 31 December 2018. The recoverability of the exploration and evaluation assets is dependent on the successful development of the group’s licence areas.
3.   Share capital – Group and Company
31-Dec-18 31-Dec-17 30-Jun-18
Euro Euro Euro
400,000,000 Ordinary shares of Euro 0.001 each 400,000 400,000 400,000
50,000 “A” Ordinary shares of One Euro each 50,000 50,000 50,000
450,000 450,000 450,000
Issued, called up and fully paid
Number of Share Share
shares Capital Premium
Euro Euro
Euro 0.001 Ordinary Shares
At 30 June 2017 128,516,719 128,517 2,489,137
Issued in period 111,497,566 111,497 1,001,805
At 30 June 2018 240,014,285 240,014 3,490,942
Issued in period 15,000,000 15,000 115,856
At 31 December 2018 255,014,285 255,014 3,606,798
Issued, called up and partly paid
Number of Share Share
shares Capital Premium
Euro Euro
One Euro A Ordinary Shares
At 30 June 2017 38,093 38,093
Issued in period
At 30 June 2018 38,093 38,093
Issued in period
At 31 December 2018 38,093 38,093
“A” Ordinary Shares have the right to receive notice of and attend but not to vote at general meetings, no right to a dividend, right to return of capital but no further right to participate in a distribution of assets of the company.

Enquiries:

IMC Exploration Group PLC
Mr. Eamon O’Brien
Tel.  Ireland +353 876183024
Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck:          Tel: +44 20 7464 4091/
+44 750 643 4107/+971 50 856 9408
E-mail:Graham.Atthill-Beck@kbrl,co.uk
Brinsley Holman:                Tel: +44 207 464 4098
E-mail:Brinsley.Holman@kbrl.co.uk
This announcement is distributed by PR Newswire on behalf of the company

IMC Exploration Group Plc (IMCP) announces that a drilling programme has commenced on PL 2551 in Co. Wexford, Ireland.

IMC Exploration Group Plc announces that a drilling programme has commenced on PL  2551 in Co. Wexford, Ireland. This is a highly prospective licence for gold mineralisation.  There are many occurrences of gold in panned concentrates, gold in soils, gold in deep overburden, gold in mineralised float and gold in bedrock.

The IMC Directors believe that this current drilling programme will complement the work already carried out by IMC that significantly upgraded the gold potential of this licence.

It is considered that there is strong support for the presence of a zone of major gold mineralisation trending NE to ENE.

Dublin, 4th March 2018 

The Directors of the Company accept responsibility for this announcement. 

END OF REGULATORY ANOUNCEMENT

Enquiries:
IMC Exploration Group Plc
Mr. Eamon O’Brien: Tel. Ireland: +353 87 6183024
Ms. Kathryn Byrne: Tel. Ireland: +353 85 2336033

Keith, Bayley, Rogers & Co. Limited 
Graham Atthill-Beck: Tel: +44 20 7464 4091/+44 750 643 4107/+971 50 856 9408
E-mail: Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: Tel: +44 207 464 4098
E-mail: Brinsley.Holman@kbrl.co.uk

IMC Exploration #IMCP – Share Placement

The board of IMC Exploration Group plc (IMC) is pleased to announce that it has raised GBP50,000 by way of a placing of 5,000,000 new ordinary shares of EUR0.001 each in the Company (“Ordinary Shares”) at a price of 1p per share (the “Placing Shares”).  Attached are one warrant for every 5 Ordinary  shares at a price of 1p per share, excercisable for three years from today.

The total number of shares in issue following the Placing is 255,014,285.

The net proceeds of the Placing will be used to continue our exploration work on PL 3849 in Avoca, Co. Wicklow.

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

Contact Details:

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

Brinsley Holmam: +44 207 464 4098
Keith Bayley Rogers

IMC Exploration #IMCP – Final results for 12 months to June 30 2018

The Directors of IMC Exploration Group plc are pleased to present the audited financial results for IMC for the twelve months to 30th June 2018.

During this period, IMC undertook a strategic review of all its projects. The directors of IMC are now focused on its three main projects in Ireland –  tailings and spoils project in Avoca, Co. Wicklow, our north Wexford gold project and the zinc project located close to the Kilbricken deposit in Tulla, Co. Clare. Concentrating on these three main projects will accelerate progress to realising the potential of IMC’s valuable assets for the benefit of all shareholders.

IMC has been engaged in exploration work on its spoils and tailings project in Avoca, Co. Wicklow with Trove Metals Limited, culminating in the engagement of CSA Global to prepare a Mineral Resource Estimate (MRE) for the Avoca tailings and spoils project.  This Mineral Resource will be classified as inferred and will be reported in accordance with the JORC Code (2012).  Classification of this MRE is being carried out, taking into account the volumes of the spoils, quality of the sampling and density data and sample spacing.  Furthermore, IMC have engaged CSA Global to carry out a JORC Code (2012) compliant Competent Person’s Report.

IMC continues with its work on its highly prospective north Wexford gold project.  Drilling and float sampling indicates that the Kilmichael area contains significant gold grades in a structurally complex setting.  IMC intends to continue with its exploration programme on this licence area.

During this financial year IMC carried out drilling on PL 2739, Tulla, Co Clare.  The presence of haematisation in Waulsortian limestones, in conjunction with the hydrothermal breccias intersected, confirms the presence of a potential base metal-bearing hydrothermal system and enhances the prospectivity of licences in the Tulla area.

IMC has made positive progress on all fronts; with our JORC Code (2012) compliant CSA Global Mineral Resource Estimate pending, our JORC Code (2012) compliant CSA Global Competent Person’s Report pending, the implementation of the Koza Report on our north Wexford project and further exploration work on our zinc project in Co Clare it is expected that significant value will be added to IMC in the coming years. I would like to thank our shareholders for their continued support and trust.

Eamon O’Brien,
Chairman

Audited Consolidated Statement of Comprehensive Income
for the year ended 30 June 2018
Audited Audited
Year Ended Year Ended
Notes 30-Jun-18 30-Jun-17
Euro Euro
Continuing Operations
Revenue
Other Income / (Expense)
Administrative Expenses (921,757) (267,507)
Amount written off intangible assets (284,088)
(Loss) before tax (1,205,845) (267,507)
Income tax expense 10,991 (0)
(Loss) for period from continuing operations (1,194,854) (267,507)
Other Comprehensive income
Loss for the period and total comprehensive loss for the period (1,194,854) (410,007)
Earning per share (all continuing)
Loss per ordinary share – basic & diluted 1 (0.005) (0.002)
Audited Consolidated Statement of Financial Position As at 30 June 2018
Audited Audited
Year Ended Year Ended
Notes 30-Jun-18 30-Jun-17
Non Current Assets 2 332,127 587,666
Current assets
Debtors 81,018
Cash and cash equivalents 212,410 (19,464)
Total assets 544,537 649,219
Equity and liabilities
Equity
“A” Ordinary Share Capital 38,093 38,093
Ordinary Share Capital 240,014 128,517
Share Premium – Ord Shares 3,490,942 2,489,137
Retained Earnings (3,280,316) (2,085,462)
Equity attributable to the owners of the Company 488,733 570,285
Current Liabilities
Trade & Other Payables 55,804 78,934
Total liabilities 55,804 78,934
Total equity and liabilities 544,537 649,219
Audited Consolidated Statement of Changes in Equity for the year ended 30 June 2018
“A” Share
Ordinary Ordinary Premium
Share Share Ordinary Retained
Capital Capital Shares Losses Total
Euro Euro Euro Euro Euro
Balance at 30 June 2017 38,093 128,517 2,489,137 (2,085,462) 570,285
Loss for the Period (1,194,854) (1,194,854)
Other Comprehensive loss for the period
Issue of share capital 111,497 1,058,515 1,170,012
Share Issue Costs (56,710) (56,710)
Balance at 30 June 2018 38,093 240,014 3,490,942 (3,280,316) 488,733

 

Accounting Policies
Basis of Preparation
The financial statements have been prepared on a historical cost basis.
The financial statements are presented in Euro.
1. Statement of Compliance
The consolidated year end financial statements of IMC Exploration Group PLC and its subsidiary have been reviewed by the auditor and have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU). In addition to complying with its legal obligation to comply with IFRS as adopted for use in the EU, the Group has also complied with IFRS as issued by the International Accounting Standards Board (IASB).
Notes to and forming part of the annual financial statements
1.   Loss per Share
Basic loss per Ordinary Share amounts are calculated by dividing net loss for the period attributable to ordinary equity holders of the parent by the weighted average number of Ordinary Shares outstanding during the period.
Basic earnings per share
The weighted average number of ordinary shares used in the calculation of basic and diluted earnings per share is as follows:
30-Jun-18 30-Jun-17
Loss for the period attributable to equity holders of the parent 1,194,854 267,507
Weighted average number of ordinary shares for the purposes of basic earnings per share 240,014,285 128,516,719
Basic (loss) per ordinary share (0.005) (0.002)
2.   Non Current Assets
Exploration Plant and Financial
Expenditure Equipment Assets Total
Euro Euro Euro Euro
Cost
At 30 June 2017 587,665 6,125 593,790
Additions 28,550 28,550
At 30 June 2018 616,215 6,125 622,340
Provision for diminution in value
At 30 June 2016 (6,125) (6,125)
Charge for period (284,088) (284,088)
Disposal
At 30 June 2017 (284,088) (6,125) (290,213)
Net book value
At 30 June 2017 332,127 332,127
Expenditure on exploration activities is deferred on areas of interest until a reasonable assessment can be determined of the existence or otherwise of economically recoverable reserves. No amortisation has been charged in the period. The directors have reviewed the carrying value of the exploration and evaluation assets and consider it to be fairly stated at 30 June 2018. The recoverability of the exploration and evaluation assets is dependent on the successful development of the group’s licence areas.
3.   Share capital – Group and Company
30-Jun-18 30-Jun-17
Euro Euro
200,000,000 Ordinary shares of Euro 0.001 each 400,000 200,000
50,000 “A” Ordinary shares of One Euro each 50,000 50,000
450,000 250,000
Issued, called up and fully paid
Number of Share Share
shares Capital Premium
Euro Euro
Euro 0.001 Ordinary Shares
As at 30 June 2017 128,516,719 128,517 2,489,137
Issued in period 111,497,566 111,497 1,001,805
As at 30 June 2018 240,014,285 240,014 3,490,942
Issued, called up and partly paid
Number of Share Share
shares Capital Premium
Euro Euro
One Euro A Ordinary Shares
As at 30 June 2017 38,093 38,093
Issued in period
As at 30 June 2018 38,093 38,093
“A” Ordinary Shares have the right to receive notice of and attend but not to vote at general meetings, no right to a dividend, right to return of capital but no further right to participate in a distribution of assets of the company.
The directors of the issuer accept responsibility for this announcement.
Enquiries:
IMC Exploration Group PLC
Mr. Eamon O’Brien
Tel.  Ireland +353 876183024
Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck:     Tel: +44 20 7464 4091/+44 750 643 4107/+971 50 856 9408
E-mail: Graham.Atthill-Beck@kbrl,co.uk
Brinsley Holman:          Tel: +44 207 464 4098
E-mail: Brinsley.Holman@kbrl.co.uk
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

IMC Exploration #IMCP – Review of Licences

Following its recent licence review, the board has decided to relinquish licence numbers PL 3644 and PL2239 in order to concentrate on IMC’s three main projects.

IMC has requested permission from the Exploration and Mining Division (“EMD”) of the Department of Communications, Climate Action and Environment to return these licences.

IMC Exploration Group Plc,

Dublin, 30th November 2018

This announcement has been made after due and careful enquiry and the Directors of IMC accept responsibility for its content.

Enquiries:

IMC Exploration Group Plc

Mr. Eamon O’Brien: Tel. Ireland: +353 87 6183024

Ms. Kathryn Byrne: Tel. Ireland: +353 85 2336033

Keith, Bayley, Rogers & Co. Limited

Graham Atthill-Beck: Tel: +44 20 7464 4091/+44 750 643 4107/+971 50 856 9408

E-mail: Graham.Atthill-Beck@kbrl,co.uk

Brinsley Holman: Tel: +44 207 464 4098

E-mail: Brinsley.Holman@kbrl.co.uk

IMC Exploration #IMCP commences drilling at Avoca prospect, Co. Wicklow, Ireland

IMC Exploration Group Plc announces that priority drilling has commenced a drilling programme on its highly prospective Avoca property, PL 3849 in Co. Wicklow, Ireland.  This prospecting licence lies on the Avoca mineralised belt and on its interpreted NE extension located in the core of the Caledonian para-tectonic belt of SE Ireland.

IMC Chairman Eamon O’Brien said, ‘In recent months IMC has been preparing a Mineral Resource Estimate in conjunction with Trove Metal Limited. We are delighted with progress made to date on this.  Further, the commencement of this drilling campaign on our Avoca licence area is very exciting. The anomalous zones of interest have considerable untested strike potential.’

IMC Exploration Group Plc,

Dublin, 15th November 2018

The Directors of the Company accept responsibility for this announcement.

END

Enquiries:

IMC Exploration Group Plc
Mr. Eamon O’Brien: Tel. Ireland: +353 87 6183024
Ms. Kathryn Byrne: Tel. Ireland: +353 85 2336033

Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck: Tel: +44 20 7464 4091/+44 750 643 4107/+971 50 856 9408
E-mail: Graham.Atthill-Beck@kbrl,co.uk
Brinsley Holman: Tel: +44 207 464 4098
E-mail: Brinsley.Holman@kbrl.co.uk

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