Properties

Properties

i-minerals' Helmer-Bovill property is primarily underlain by the Thatuna granodiorite, and the Latah formation, a sedimentary sequence of sands and clays. Within this environment, i-minerals has identified two types of industrial mineral deposits which it is targeting for production:

1. Unweathered Thatuna granodiorite: feldspar - quartz deposits
2. Weathered Thatuna granodiorite: kaolinite, halloysite, potassium feldspar and quartz deposits (also known as "primary clay" )

These deposit types are both related to a unique border phase of the Thatuna granodiorite that is very clean as it is very low in iron and other elements that are detrimental to the production of high quality industrial mineral products.

i-minerals current focus is on the completion of a feasibility study and the permitting process on the Kelly's Basin Deposit, an unweathered Thatuna granodiorite deposit. Once production is achieved at Kelly's Basin, the Company intends to develop the WBL Pit Area and associated primary clay deposits. Tailings from the previous mining of primary clay are rich in potassium feldspar and quartz provide several years of additional resources.

A detailed review of the Helmer Bovill property and resources in accordance with National Policy 43-101 is available:

Report On the HELMER-BOVILL FELDSPAR, QUARTZ, AND KAOLIN MINERAL LEASES, LATAH COUNTY, IDAHO by James L. Browne, PG March 13, 2006)