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Impact Minerals Gets Busy on Western Australia Portfolio

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has been busy over the past months across several of the company’s early-stage exploration projects for a range of critical and battery metals in southwest Western Australia.

Impact Minerals explained it has put together its WA project portfolio over the past 18 months as part of a strategic change in focus of the company following the discovery of the Julimar deposit just north of Perth by Chalice Mining.

The company’s on-ground exploration programs in WA to date have been focussed on the Arkun-Beau-Jumbo projects some 150 kilometres southeast of Perth where it has spent time completing initial land access negotiations.

Other activities have included synthesis and interpretation of previous exploration work currently underway on other projects including Narryer, Dalgaranga and others.

This has entailed drill programs at Doonia and Hopetoun completed earlier this year, from which assays have been considerably delayed, however results are anticipated by the end of July.

Soil geochemistry surveys have been completed at both projects to help define follow up drill targets.

Assays results from these surveys are also due by the end of July.

 

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Impact Minerals Acquires New Project for Battery and Strategic Metals

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THE BOURSE WHISPERER: Impact Minerals (ASX: IPT) has acquired a new project it considers prospective for a range of battery and strategic metals sitting close to the Greenbushes lithium-tantalum mine in the southwest Western Australia.

As consideration for a 100 per cent interest in the project, Impact has paid $20,000 cash to the vendor, and will issue three million unlisted options exercisable at 2.4 cents with a three year term.

The Dinninup project comprises four exploration licences covering about 485 square kilometres (E70/5842, E70/6111, E70/6112 and E70/6113).

As part of its due diligence process, Impact utilised in-house geophysical data to identify several areas of interest for follow up.

New targets identified at Dinninup, include: three new priority nickel-copper-platinum group elements (PGE)-gold targets; two lithium-caesium-tantalum targets; and four rare earth elements (REE) targets.

“The Dinninup project adds further significant value to our early project portfolio in southwest Western Australia,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“Once again, our initial soil geochemistry results indicate untapped potential for a range of battery and strategic metals in this part of the state in an area where there has only been previous exploration for bauxite.

“The strong lithium anomalies are particularly exciting given our proximity to the world-class Greenbushes mine just 60 kilometres to the east and with similar geology.

“Together with our flagship Arkun-Jumbo project Impact has identified a significant number of areas for follow up work in the region and we are continuing to negotiate land access agreements to gain access to the priority targets.”

 

 

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Impact Minerals Kicks Off 2022 Exploration Campaigns

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THE DRILL SERGEANT: Impact Minerals has commenced it 2022 exploration campaign with work underway at two of the company’s projects across Australia.

The first involves a ground electromagnetic (EM) survey at Broken Hill as part of the company’s Joint Venture with IGO, which IGO can earn a 75 per cent interest in EL7390 and EL8234.

The EM survey is using a deep penetrating SQUID system to test the two tenements for deposits of high-grade massive nickel-copper-PGM including the Moorakai Trend and the Little Broken Hill Gabbro.

The Moorakai Trend is a nine kilometre long ultramafic to mafic dyke and chonolith complex that is very poorly explored.

At the Little Broken Hill Gabbro, Impact completed the first ever drill program across the seven kilometre intrusion, identifying areas of highly anomalous PGM’s in the basal unit to the intrusion over several kilometres.

“It is great to have made a start on our on-ground exploration programmes so early in the New Year,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“IGO Limited have now commenced a major electromagnetic survey at Broken Hill and we thank them for their efforts to get the survey underway under the trying conditions of the COVID-19 outbreaks in New South Wales.”

At the 80 per cent owned Doonia gold project in WA, 30km west of the recent Burns discovery by Lefroy Exploration a reverse circulation drill program is testing soil geochemistry and geophysical targets.

The principal target is a gold-bismuth soil geochemistry anomaly overlying a cluster of isolated magnetic anomalies in the centre of the project that may represent targets for intrusion related gold like Burns.

“The maiden RC drilling program is underway at Doonia and we are looking forward to testing a number of targets, some of which were identified over 20 years ago and have never been followed up,” Jones said.

“It will be interesting to see what is hidden at depth beneath them given the similarities to the nearby Burns discovery which was originally identified in the same exploration program as Doonia by WMC Resources in 1999.”

 

 

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Impact Minerals Welcomes IGO to Broken Hill

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THE BOURSE WHISPERER: Impact Minerals (ASX: IPT) has welcomed as a farm-in partner to the company’s Broken Hill nickel-copper-platinum group metals (PGM) project in New South Wales.

Impact Minerals will be dealing with IGO subsidiary company IGO Newsearch on just two tenements, EL7390 and EL8234, of Impact’s extensive tenement holdings at Broken Hill.

Impact considers the remaining tenements, which it owns 100 per cent, to be one of the most under-explored parts of Australia given the long history of mining at the nearby Broken Hill deposit itself.

Under the deal, IGO can spend $18 million over eight years to earn a 75 per cent interest in EL7390 and EL8234 in two stages: $6 million to earn a 51 per cent interest and a further $12 million to earn a further 24 per cent interest.

The farm-in and Joint Venture at Broken Hill will allow Impact to further increase its focus on its Western Australian projects, Arkun and in particular Doonia.

“We are extremely pleased to announce this joint venture with IGO, one of Australia’s most outstanding exploration and mining companies,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“We had a number of approaches from major companies for a joint venture after our last major drill campaign at Broken Hill but chose IGO because of their technical capacity, in particular their deep penetrating EM systems capability and experience, and also the way they have approached our negotiations.

“We have established that a large amount of deep drilling will be required to further explore the exciting prospects we have generated at the project and it is appropriate that a well-funded partner with excellent credentials is brought in to help fund what could be quite significant expenditures going forward.

“The joint venture will also allow us to further increase our focus on our Western Australian projects where we have now secured a drill rig for our Doonia gold project and hope to be up and running by early December.

“In addition, we are increasingly excited about the lithium, rare earth and nickel-copper-PGM targets we identified recently at our Arkun project which is rapidly becoming a very significant project for Impact in a very under-explored part of Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@impactminerals.com.au

Web: www.impactminerals.com.au

 

Impact Minerals Encounters Visible Sulphides at Little Broken Hill Gabbro and Red Hill

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THE DRILL SERGEANT: Impact Minerals reported visible sulphide mineralisation being intersected in diamond drill core for the first time at Little Broken Hill Gabbro and Red Hill prospects at the company’s 100 per cent-owned Broken Hill project platinum group element (PGE)-copper-nickel project in New South Wales.

The fun kicked off at the Little Broken Hill Gabbro (LBHG), where hole RWIPT016 was drilled between two traverses of previous RC drill holes at Rockwell, which covers the northern third of the LBHG and where Impact has discovered very encouraging PGE-nickel-copper mineralisation over at least 1,500 metres of strike within the very poorly explored basal ultramafic unit.

Hole RWIPT016 intersected the basal 95m of the LBHG which comprises 71 metres of gabbro that overlies the target basal ultramafic unit which, in this location is 24m thick true width.

At Red Hill, two diamond drill holes were completed to follow up a previous drill intercept in RC hole RHIPT34, testing the southern contact of the Red Hill chonolith intrusion.

The new diamond holes intersected the basal contact of the intrusion at a depth of about 450m below surface.

“It is great to get a first look at the high tenor PGE-dominant mineralisation at the base of the Little Broken Hill Gabbro,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“The textures indicate the mineralisation is directly associated with magmatic processes at the base of host ultramafic unit and which have the potential to form a massive sulphide deposit in the right trap such as a basal channel structure as we have already discovered at Platinum Springs.

“We believe that such a channel may be close by and we look forward to getting a down hole EM survey underway to identify possible targets for massive sulphide as quickly as possible.

“A down hole survey is also planned at Red Hill where fine disseminated sulphide has been recognised in many places in the core and to determine if massive sulphide could be present below the base of the intrusion which has been faulted off.

“We will have to wait for assays to confirm the PGE grades and of course there are significant delays in laboratories across Australia at present.

“These delays have also affected the delivery of the assays from our Apsley drill program, despite promises from the laboratory, with further batches due by mid-June.

“We are very encouraged by the core at Broken Hill as it confirms our belief that the LBHG may potentially contain a significant reservoir of PGE’s and possibly nickel and copper.

“We have to remember that this is the first ever drill program to test the basal ultramafic unit and yet every drill hole that has intersected it has returned some level of mineralisation.

“It is evident that there is very significant potential along the entire length of the 6.5 kilometres long intrusion and we are gearing up towards a major follow up drill program at all of our prospects there as soon as practicable given we already have statutory permissions for a number of drill holes in place.

“We are in discussions with drill contractors and note that drill availability is much more reasonable in New South Wales than elsewhere in Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Impact Minerals Expands Platinum Springs PGE-Copper-Nickel

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has encountered further high-grade assays for platinum group elements (PGE) at the company’s 100 per cent-owned Broken Hill project in New South Wales.

Impact Minerals reported the PGM assay results came with associated copper and nickel that has expanded the mineralised footprint at the Plat Central and Plat East prospects, part of the Broken Hill project.

Plat Central and Plat East form part of the larger Platinum Springs area at the southern end of a nine kilometre long, ultramafic to mafic Moorkai Trend characterised by extensive high-grade PGM-copper-nickel in rock chip samples but which has been very poorly explored.

Impact’s recent drilling has identified a second channel at Plat Central and a further channel at Plat East, all three of which are open along trend, both up and down plunge.

“In addition, high-grade PGM-copper-nickel mineralisation has been identified for the first time within the host ultramafic unit which, together with numerous thick intercepts of lower grade mineralisation throughout the ultramafic, support the potential for a larger bulk mining opportunity should further drilling be successful,” the company said in its ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Impact Minerals Trumpets Red Hill Drill Intersection

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) stood up to report a stand out drill intercept achieved from the Red Hill prospect at the company’s Broken Hill nickel-copper-PGM project in New South Wales.

Impact Minerals drilled hole RHIPT034 to test a soil geochemistry anomaly along the southern contact of the Red Hill chonolith, which returned:

138 metres at 0.3 grams per tonne 3PGM (Pd+Pt+Au) from surface.

This intercept included several higher-grade intercepts of:

2m at 2.3g/t 3PGE from 75m, and 12m at 1.5g/t 3PGM and 0.2 per cent copper from 103 metres, including:

2m at 2.3g/t 3PGM, 0.3 per cent copper and 0.3 per cent nickel from 109m; and

2m at 1.1g/t 3PGM and 0.2 per cent copper from 135m.

Impact explained the result has, for the first time, demonstrated that the chonolith-shaped (tube-like) ultramafic intrusion at the Red Hill body hosts substantial thicknesses of disseminated PGM+/-copper+/-nickel mineralisation close to surface.

The intercept is open at depth and this is now a priority target area for follow up drilling.

Five other holes from the 2020 drill program also encountered intercepts in the chilled margin.

The term ‘chilled margin’ refers to the contact zone between a parent intrusion and the surrounding rock.

“Follow up drilling is clearly required to test the Red Hill intrusion at depth,” Impact Minerals said in its ASX announcement.

“To help optimise drill hole locations, modelling of the magnetic response of the intrusion to determine its geometry is currently underway using the extensive magnetic susceptibility data Impact has collected during its drill programs.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Impact Minerals Encounters High-Grade Nickel-Copper-PGE at Plat Central

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) reported high-grade assays for platinum group elements (PGE) with associated high-grades of nickel and copper at the Plat Central prospect within the company’s Broken Hill project in New South Wales.

Impact Minerals declared the assays to have confirmed – and are in line with – expectations it had following measurements made with a hand-held XRF instrument of nickel, copper and Impact’s proprietary geochemical ratio which has been shown to have a positive correlation with PGE grades.

Results include:

PSIPT030
1 metre at 22.7 grams per tonne 7PGE, 3.3 per cent nickel, 1 per cent copper, 23g/t silver and 755g/t cobalt.

The 7PGE grade comprises: 10.9g/t palladium, 7.3g/t platinum, 0.9g/t rhodium, 1.3g/t osmium, 1.4g/t iridium and 0.6g/t ruthenium and 0.1g/t gold.

PSIPT031
7m at 3.8g/t 7PGE, 0.6 per cent copper, 0.5 per cent nickel, 9.4g/t silver and 167g/t cobalt down hole, including 1m at 6.3g/t 7PGE, 1.2 per cent copper, 0.8 per cent nickel, 19g/t silver and 229g/t cobalt.

The 7PGE grade for the 1 metre intercept comprises: 3.6g/t palladium, 1.8g/t platinum, 0.1g/t rhodium, 0.2g/t iridium, 0.2g/t osmium and 0.1g/t ruthenium and 0.3g/t gold.

PSIPT021
3m at 3.3g/t 3PGE, 0.6 per cent copper and 0.4 per cent nickel from 52m down hole, including 1m at 4.7 g/t 3PGE, 0.9 per cent copper, 0.4 per cent nickel from 52m.

The 3PGE grade for the 1m intercept comprises: 3g/t palladium, 1.4g/t platinum and 0.3g/t gold.

“The strong lateral zonation evident in the mineralisation at Plat Central is characteristic of a process called ‘sulphide fractionation’, which is well understood in magmatic nickel-copper-PGE systems,” Impact Mineals said in its ASX announcement.

“The process results in a distribution of metals that is reasonably predictable: proximal nickel-dominant mineralisation passes into copper-dominant mineralisation and then more distal PGM-dominant mineralisation.

“This may occur over many scales varying from metres to kilometres.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Impact Minerals Enters New Eastern Goldfields Gold JV

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THE BOURSE WHISPERER: Impact Minerals (ASX: IPT) advanced its project portfolio with the inclusion of an 80 per cent-interest in a Joint Venture over the Doonia project located 75 kilometres east of Kambalda, in Western Australia.

Doonia was brought to Impact’s attention by its consultants Milford Resources Pty Ltd and new JV partner Odette Resources Pty Ltd.

These companies had recognised Doonia as a large but poorly tested gold-in-soil anomaly that was unpegged.

Impact has submitted a tenement application to cover the target area and will enter into an 80-20 unincorporated JV with Odette Resources Pty Limited upon grant.

“Doonia is a highly prospective addition to our exploration portfolio and we acted very quickly when alerted to the opportunity,” Impact Minerals managing director, Dr Mike Jones said in the company’s ASX announcement.

“We now have an exploration project with excellent indications for the discovery of a significant gold deposit with a target that is already well defined, easily manageable and cheap to test.

“The large surface geochemistry gold anomaly has been very poorly drilled and we will endeavour to do that as quickly as practicable after our tenement is granted early in 2021.”

Doonia had been identified following a review of the Eastern Goldfields for intrusion-hosted gold deposits in light of the Hemi discovery in the Pilbara, a major gold deposit hosted by felsic intrusions recently outlined by De Grey Mining (ASX: DEG).

“The recent discovery at Hemi is a classic example of ‘you don’t find what you don’t look for’, where for decades it was considered that a deposit of that size and scale was unlikely to be found in the Pilbara Craton,” Jones said.

“There is a good chance that Doonia may also be an ‘out-of-the-box’ discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Impact Minerals Sharpens Broken Hill Vector

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) declared exploration breakthroughs at the company’s Broken Hill project in New South Wales.

Impact Minerals explained the breakthroughs were achieved using the company’s proprietary geochemical ratio, enabling it to vector-in towards high-grade nickel-copper and possibly PGE zones.

Using the ratio, Impact has claimed discovery of a continuous zone of elevated ratios at least 80 metres long at both the Plat Central and Platinum Springs East prospects, both mostly between 1 and 2 metres thick but up to 6 metres thick in places and containing high tenor disseminated to blebby (up to 15%) nickel-copper sulphides (pentlandite and chalcopyrite) in places.

The zones are open in all directions.

Impact had identified the two prospects as priority areas for follow up drilling as they contained elevated ratio values, as calculated via hand held XRF, throughout thick units of target ultramafic rock.

“Recent drilling was guided exclusively by the ratio and directly led to the discovery of the zones of significant visual sulphide mineralisation,” Impact Minerals said in its ASX announcement.

“This further confirms the potential of the vector to drive exploration in the area as drilling progresses.”

This drilling included the first two Reverse Circulation (RC) drill holes at Plat Central, PSIPT016 and PSIPT017 that were anticipated to encounter thick zones of modest grade gold+platinum+palladium (3PGE).

The highest values were achieved in hole PSIPT016 which returned:

51 metres at 0.21 grams per tonne 3PGE from 11m downhole, including 8m at 0.6g/t 3PGE from 29m, including 1m at 0.3 per cent nickel, 0.3 per cent copper and 1.5g/t 3PGE from 30m.

PSIPT017:
49m at 218ppb 3PGE from 21m downhole, including 7m at 0.4g/t 3PGE from 33m, including 1m at 0.8g/t 3PGE from 37m.

A further hole, PSIPT018, did not reach the base of the ultramafic unit because of drill rig limitations, but did however return a zone of modest 3PGE results with the end of hole showing an increase in grade.

31m at 94ppb 3PGE from 129m, including 2m at 0.24g/t 3PGE at the end of hole.

Impact interpreted hole 018 may lie close to the margin of, or actually be within, the main Plat Central channel some 200m down plunge and will now drill this hole deeper with a more appropriate drill rig as soon as practicable.

The company indicated further drilling at Plat Central will be focused on tracking the mineralised channel both up and down dip to determine its trend and possible strike extent and will commence following receipt of the required statutory approvals and initial assays.

 

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au