The study was conducted by engineering consultancy group BatteryLimits.
The study found out that Chilalo has high-grade mineral resource, metallurgical characteristics, a proportion of high-value large and jumbo flake material.
The mine fulfils all the criteria required for graphite operations and is likely to be able to produce a high quality concentrate from basic flotation.
IMX CEO Phil Hoskins said: "The high-level study confirms that the Chilalo Graphite Project presents a near-term development opportunity and supports our decision to commence a pre-feasibility study focused on a smaller scale operation in the order of 25-50,000tpa of graphite concentrate.
"The positive study outcome, coupled with the recent MOU with China-Base Ningbo, has laid the foundations for a successful graphite project at Chilalo.
"With the funding now flowing from the Fig Tree JV plus the recently concluded capital raising, we are in a strong position to rapidly advance Chilalo."
