Impact Minerals (ASX:IPT) - Managing Director, Dr Mike Jones
Managing Director, Dr Mike Jones
Source: Impact Minerals
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  • Impact Minerals (IPT) has significantly increased its ground holdings for nickel, copper and platinum group metals (PGM) in Western Australia
  • The company has earned an 80 per cent interest in four joint venture projects, Jumbo, Narryer, Dalgaranga and Hopetoun
  • One of the projects contains five drill ready targets, two of which are fully permitted for drilling, and Impact plans to begin drilling shortly
  • On the market this afternoon, Impact is in the grey and trading at 1.3 cents per share

Impact Minerals (IPT) has significantly increased its ground holdings for nickel, copper, platinum group metals (PGM) and other metals in Western Australia.

The company has earned an 80 per cent interest in four joint venture projects, Jumbo, Narryer, Dalgaranga and Hopetoun.

The four joint venture projects cover an area of almost 1000 square kilometres and are considered prospective for nickel, cobalt, PGM, lithium and other metals.

One of the projects contains five drill ready targets, two of which are fully permitted for drilling, and Impact plans to drill those targets shortly.

Managing Director Mike Jones said he was extremely pleased to have secured the new ground.

“The projects, which we identified with private groups, all contain untested geophysical and geochemical targets that add significant value to our existing high quality portfolio of projects in emerging prospective terranes across Western Australia,” Dr Jones said.

“The Hopetoun project contains two fully permitted drill targets and given the drill rig that is due to mobilise to our Doonia gold project near Kambalda is nearby, we are considering a quick test of these shortly.

“Together with Doonia this would mean we will be drilling throughout the summer months and so we are looking forward to strong news flow from now right through the first quarter of 2022.”

On the market this afternoon, Impact was in the grey and trading at 1.3 cents per share at 1:09 pm AEDT.

IPT by the numbers
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