I-Minerals has awarded the contract for the overall project management of the Bovill kaolin feasibility study (FS), which will include the compilation of a NI 43-101 technical report and the process plant and infrastructure portions of the FS including the OPEX and CAPEX, to GBM Engineers. GBM will run the FS out of its Denver, Colorado, offices with some engineering work completed in the UK. Tetra Tech of Golden, Colorado has been awarded the tailings storage facility design. HDR Engineering of Boise, Idaho has already been awarded the environmental components. Other organisations will participate in the FS including the resource modelling, mine design, hydrology / hydrogeology, and mine geotechnical engineering aspects. The kick off meeting and full process started in January 2015.

I-Minerals is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its strategically located Helmer-Bovill property in north central Idaho. A 2014 prefeasibility study on the Bovill kaolin deposit completed by SRK Consulting (USA)highlights the potential of the Helmer-Bovill property’s Bovill kaolin deposit: after tax NPV6 of $212 million; 30.5% IRR; three-year payback and $72.7 million initial CAPEX; $84 million CAPEX including life of mine sustaining capital over a 25 year mine life. Ongoing development work is focused on moving project towards production.

GBM Minerals Engineering Consultants, with offices in Denver and London, is a firm of engineering consultants specialising in assisting clients with the development of new mining projects and the refurbishment of existing ore processing plants. GBM is currently performing feasibility studies and providing EPCM services to the mining industry in the Americas, Europe, Africa, Central Asia and the Middle East.