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- Impact Minerals (IPT) discovers multiple high-priority targets at its Arkun project in WA
- The company has outlined 11 nickel-copper-PGM targets through a soil geochemistry survey
- Significantly, Impact has also identified lithium-caesium-tantalum pegmatites for the first time at the project
- Impact is now progressing field work and sampling to prioritise areas for detailed soil geochemistry and ground geophysics
- Company shares are up 15.4 per cent to trade at 1.5 cents
Impact Minerals (IPT) has discovered a significant number of targets through a soil geochemistry program completed at its Arkun project in Western Australia.
The company began a geochemistry survey in June this year to test 17 priority areas prospective for nickel-copper-platinum group metal (PGM) mineralisation.
Positively, Impact has uncovered 11 nickel-coppr-PGM targets and, for the first time, it has identified lithium-caesium-tantalum (LCT) pegmatites.
The 11 nickel-copper-PGM targets are commonly anomalous in all five metals and, in particular, palladium and gold. This suggests a potential relationship to sulphide mineralisation.
Managing Director Dr Mike Jones commented on the discoveries.
“To have identified 11 targets for nickel-copper-PGM is exciting enough in its own right, but recognising the potential for lithium pegmatites over a very large area is also a significant breakthrough for Impact,” he said.
“I feel confident based on the strength and scale of these new anomalies that further work at Arkun will generate numerous targets for drill testing early in 2022.”
The company is now progressing follow-up field work and sampling to prioritise areas for detailed soil geochemistry and ground geophysics away from the roads and into the surrounding paddocks.
However, to explore within the paddocks, Impact will need to seek land access agreements with the relevant landowners.
Company shares were up 15.4 per cent to trade at 1.5 cents at 10:57 am AEST.
