Impact Minerals (ASX: IPT)

Announced an exploration update on their Arkun-Beau-Jumbo project in Western Australia.

Targets include nickel, copper, and platinum group metals. 

 

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Impact Minerals	ASX: IPT
Stage	Exploration
Metals	Gold, Silver, PGM’s, zinc, copper
Market cap	A$19.8 m @ 0.008 c
Location	Queensland, NSW, Western Australia

 

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Impact Minerals issue an Exploration Update for Arkun-Beau-Jumbo

 

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Impact Minerals (ASX: IPT) announced an exploration update on their Arkun-Beau-Jumbo project in Western Australia.

Targets include nickel, copper, and platinum group metals.

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Highlights

• Airborne EM survey, soil geochemistry surveys, field checking and rock chip sampling
completed at priority targets for Ni-Cu-PGE.
• Extensive time spent completing Land Access Negotiations across the project area.
• Assay results for Doonia and Hopetoun due by the end of July.
• Ongoing compilation of previous exploration work on other projects.

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Recent progress

Significant progress has been made over the past months across a number of Impact Minerals Limited’s (ASX:IPT) portfolio of early-stage exploration projects for a range of critical and battery metals in the emerging mineral province of south west Western Australia

The portfolio has been assembled by Impact over the past 18 months as part of a strategic change in focus of the company following the discovery of the world class Julimar deposit just north of Perth by Chalice Mining Limited (ASX:CHN).

This has been done in tandem with the ongoing rationalisation of the Company’s projects in Eastern Australia, including a major joint venture on part of the Broken Hill
Project with IGO Limited (ASX:IGO) (ASX Announcement 9th November 2021).

On-ground exploration programmes in Western Australia have been focussed on the Arkun-Beau-Jumbo Projects centred about 150 km south east of Perth and which has included a significant amount of time completing initial land access negotiations.

In addition, synthesis and interpretation of previous exploration work is underway on other projects including Narryer, Dalgaranga and other projects.

Assay results from various rock chip and soil geochemistry programmes are starting to be received and interpreted. Assay results from two drill holes at Doonia have been received and are being interpreted, with the assays from the remaining four other holes at Doonia, as well as the final assays from the diamond drill programme at Hopetoun, due shortly.

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BEAU-ARKUN-JUMBO

Previous reconnaissance geophysical and soil geochemistry surveys by Impact across the Arkun-Beau-Jumbo Project areas, which collectively cover about 2,380 km2
, identified a significant number of areas for follow up work for a wide range of commodity metals including nickel-copper-PGE; Lithium pegmatites, Rare Earth Elements and Rubidium (ASX announcements 8th March 2022, 27th October 2021, 21st September 2021).

 

The following work has recently been completed across the Arkun-Beau-Jumbo Project areas:
1. An extensive airborne HELITEM electromagnetic and magnetic survey comprising 920 line kilometres was completed in 7 blocks covering the priority soil geochemistry targets identified at Beau and Arkun.

Final survey data has now been received and further processing and interpretation of the data is underway with results due around the end of July.

 

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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Disclosure

At the time of writing the author does not hold shares in Impact Minerals.

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