Impact Minerals (ASX: IPT) is pleased to share announcement highlights stating the company update about EIS funding and the quarterly report ending by March 2024.
Company Update - EIS Funding
Announcement Highlights
- Co-funding of up to $180,000 awarded under the WA Government's EIS scheme to drill the large and significant Caligula copper target identified in soll geochemistry data and Mobile Magneto-Telluric (MMT) data.
- The statutory approvals process for a drill programme has now commenced.
Further information: Impact Minerals has been awarded $180,000 under the WA Government's Exploration Incentive Scheme(EIS) to co-funding drilling of the Caligula copper prospect at the company's 100% owned Arkun Project located 150km east of Perth in the emerging mineral province of southwest Western Australia.
Read the full Impact Minerals Company Update here.
March Quarterly Report
Announcement Highlights
- Lake Hope Project: Greater than 99.99% (4N+) High Purity Alumina (AI2O3) is produced from Lake Hope mud via the proprietary and patented Playa One Sulphate Process and a new low-temperature leach process called the LTL Process. The LTL Process produced 4N within a few months, attesting to a simpler process that may lower the Capital and Operating Costs to produce HPA than the Sulphate Process.
- Arkun-Beau, WA: Rare Earth Element anomalism of up to 5,880 ppm (0.59%) Total Rare Earth Oxide plus Yttrium (TREO+Y) and Nd+Pr of up to 21% returned from a soil geochemistry survey at the Hyperion prospect. The anomaly covers at least a 3 km2 area at greater than 1,000ppm TREO and is open along strike to the northwest and southeast. Another new prospect, Swordfish, and the previously identified Horseshoe prospect attest to the significant prospectivity for REE mineralisation across the Arkun project.
- Commonwealth Project: Agreement signed for the scale of up to 75% interest in the Commonwealth Project, NSW.
Read the full Impact Minerals March Quarterly Report here.
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