I-Minerals Inc. is an exploration-stage company, which is engaged in the exploration and development of the Helmer-Bovill industrial minerals property (the Helmer-Bovill Property). The Helmer-Bovill Property, which is owned by the Company, consists of around 11 mineral leases totaling approximately 5,140.64 acres located approximately six miles southwest of Bovill, Latah County, Idaho. The Helmer-Bovill Property is a development-stage open pit mining operation which produces quartz sand, K- feldspar sand, kaolinite clay, metakaolin clay and halloysite clay. The Company's operations at the Helmer-Bovill Property are focused on developing the Bovill Minerals Mine and the WBL Tailings Project. The Bovill Minerals Mine has around four deposits: Kelly Hump, Kelly South, Middle Ridge and WBL. The Bovill Minerals Mine has measured resources of around 3.3 million tons and indicated resources of around 7.9 million tons. The WBL Tailings Project is feldspathic sands deposits.