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- Impact Minerals (IPT) identifies four large soil geochemistry anomalies at its Beau project in Western Australia
- One anomaly is prospective for nickel, copper and platinum group metals, one for gold and palladium and two for lithium, caesium and tantalum
- Field checking and follow-up sampling will begin shortly to identify targets for future drill programs
- According to Managing Director Dr Mike Jones, the anomalies confirm Impact’s belief that the area is prospective for battery, strategic and precious metals
- Shares in Impact are up 12.5 per cent on the market and are trading at 0.9 cents at 1:44 pm AEST
Impact Minerals (IPT) has identified four large soil geochemistry anomalies at its Beau project in Western Australia.
The anomalies consist of a 2.5 by one-kilometre copper-nickel-silver-cobalt-platinum group metal (PGM) anomaly and a gold-palladium anomaly spanning 500 metres.
The final two anomalies are prospective for lithium-caesium-tantalum and may be part of a large intrusive pegmatite system, according to the company.
Impact will begin field checking and follow-up sampling shortly to identify targets for future drill programs and subject to access and the harvest period, drilling will begin as soon as practicable.
“These are the first detailed soil geochemistry results we have had from the hitherto poorly explored greater Arkun project area and confirm our belief that the area is very prospective for a range of battery, strategic and precious metals,” Managing Director Dr Mike Jones commented.
“A large nickel-copper-PGM anomaly overlies previously unidentified layered mafic intrusive rocks; these are known hosts to significant massive sulphide deposits around the globe.
“Follow-up field checking will commence later this month in order to define targets for first-pass drilling as soon as practicable and to identify the bedrock which is mostly obscured by laterite.”
Shares in Impact were up 12.5 per cent on the market and were trading at 0.9 cents at 1:44 pm AEST.
