- Impact Minerals (IPT) has requested back-to-back trading halts ahead of a capital raise announcement
- Last week, the company lodged applications for two exploration permits at the Blackridge Project in Queensland
- While upcoming drilling at the Broken Hill Project is the main priority, Impact is encouraged by its review of Blackridge’s exploration data
- Previous work may have significantly underestimated the project’s gold potential
- Impact’s shares last traded for 1.9 cents each on July 17.
Impact Minerals (IPT) has requested back-to-back trading halts ahead of a capital raise announcement.
This trading halt follows two applications made last week for the Pewt’s Hill and Hard Hill exploration permits at the Blackridge Project in Queensland.
Previous, but limited, exploration has indicated the areas are prospective for modest to high-grade gold.
Meanwhile, Impact’s priority is its upcoming drilling program at the Broken Hill Project, which is expected to begin before the end of this month.
Despite this being the main focus, Impact’s review of historical exploration at Blackridge has shown it’s likely that previous work may have significantly underestimated the amount of gold present at Blackridge. As a result, higher grades may be uncovered with the right techniques.
Impact’s shares last traded for 1.9 cents each on July 17.