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Impact Minerals (ASX:IPT) - Managing Director, Dr Mike Jones (right)
Managing Director, Dr Mike Jones (right)
Source: Impact Minerals
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  • Impact Minerals (IPT) has extended high-grade mineralisation to over 1000 metres at the Plat Central and Plat East prospects, which form part of the Broken Hill Project in NSW
  • Latest drill results have discovered a second basal channel at Plat Central, which extends for over 150 metres along trend and is open in both directions
  • Drilling has also identified high-grade platinum group metal (PGM), copper and nickel mineralisation for the first time within the host ultramafic unit of Plat Central
  • When combined with thick intercepts of lower-grade mineralisation, there’s potential for a larger bulk mining opportunity
  • Impact will conduct follow-up drilling at both prospects once drilling at the Apsley prospect has wrapped up
  • Company shares are up 4.35 per cent and trading at 2.4 cents

Impact Minerals (IPT) has received high-grade results that have expanded the mineralised footprint at the Plat Central and Plat East prospects.

These prospects are part of Impact’s Broken Hill Project in New South Wales.

The prospects form part of the Platinum Springs area which is situated on the southern end of the nine-kilometre-long and under-explored Moorkai Trend. This trend is characterised by high-grade platinum group metals (PGM)-copper-nickel in rock chip samples.

Latest drill results have 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.

Plat Central

Impact discovered the first channel at Plat Central in December last year, which returned grades of up to 22.7g/t platinum group elements (PGE), 3.3 per cent nickel, 1.2 per cent copper and 23g/t silver.

Now, drilling has been completed at four traverses at the Plat Central prospect and the basal channel extends for over 150 metres along trend and is open in both directions.

Best results from Plat Central include 36 metres at 0.7g/t 3PGE (gold, palladium and platinum) from three metres, including three metres at 5.4g/t 3PGE, 0.9 per cent copper and 1.5 per cent nickel from 76 metres, including one metre at 10.3g/t 3PGE 2.3 per cent copper, 3.3 per cent nickel, 88g/t silver and 711 parts per million cobalt.

Significantly, drilling has identified high-grade PGM-copper-nickel mineralisation for the first time within the host ultramafic unit. When combined with multiple thick intercepts of lower grade mineralisation, there’s potential for a larger bulk mining opportunity.

Plat East

Impact has also discovered a third channel structure at the Plat East prospect, which is located about 500 metres east of Plat Central. The channel is defined by eight drill holes — four of which returned significant results at or towards the base of the host ultramafic unit.

Results include 27 metres at 0.5g/t 3PGE from 22 metres including three metres at 2.7g/t 3PGE, 0.4 per cent copper and 0.5 per cent nickel from 41 metres, which includes one metre at 4.7g/t 3PGE, 0.6 per cent copper and 1.1 per cent nickel from 42 metres.

Overall, the results have defined significant PGM-copper-nickel mineralisation over 1000 metres of trend from Plat East to Plat West across the Platinum Springs area.

Impact Minerals plans to conduct follow-up drilling at both prospects once drilling at the Apsley porphyry copper-gold prospect has wrapped up.

Company shares are up 4.35 per cent and trading at 2.4 cents at 11:07 am AEDT.

IPT by the numbers
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