Image Resources addresses share trading, announces share cessation

Image Resources NL (IMA) responded to an ASX price and volume query dated November 3, 2025, stating it was unaware of any unannounced information explaining the recent increase in its share price from AUD 0.067 to AUD 0.085 and significant trading volume. The company confirmed compliance with Listing Rules, particularly Listing Rule 3.1.

IMA noted an article by the ABC and an upcoming Four Corners Programme, mentioning IMA in connection with critical minerals, might be a contributing factor. The company also referenced its October 30, 2025, Quarterly Report, which noted pending assay results from a non-core gold project. These results, received in late October, were deemed negative and insignificant, and IMA reiterates their immateriality.

Separately, Image Resources NL announced the cessation of 9,626,865 ordinary fully paid shares on October 31, 2025. This cancellation, pursuant to an employee share scheme buy-back, involved a total consideration of AUD 1,395,895.425. Following this change, the company's issued capital now comprises 1,106,458,674 ordinary fully paid shares and 53,277,409 unquoted performance rights.