I-Minerals (OTC: IMAHF) is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its Helmer-Bovill property in north Idaho. A 2016 Feasibility Study on the Bovill Kaolin Deposit led by GBM Engineers LLC calculated an after tax NPV of US$249.8 million with a 25.8% after tax IRR. Initial CAPEX was estimated at $108.3 million with a 3.7 year after tax payback. Other engineering services were provided by HDR Engineering, Inc.; Tetra Tech, Inc.; Mine Development Associates; and SRK Consulting Inc. Permitting work with the State of Idaho is well underway. For more information, visit the company’s website at www.imineralsinc.com
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