Impact Minerals (IPT)

Shares / Stock Code

IPT

Stock Exchange / Sharemarket

Australian Securities Exchange

Impact Minerals (IPT) was established to explore for deposits of uranium, gold and nickel. IPT listed on the ASX in November 2006. The Company has extensive tenement holdings in Australia and Africa: a portfolio of six projects with the potential for World Class deposits of nickel and significant deposits of gold and uranium.

The Directors of the Company have extensive experience in mining and mineral exploration and a strong history of exploration success, business development and corporate management. The Impact team is committed to achieving sustained and rapid growth through the vision of the Company to engage in World Class Exploration and Resource Development.

Impact owns 100% of eight exploration licences in the Drummond Basin, called Drummond East (EPMs 14927-929), Drummond West (EPMs 14932-934) and Clermont (EPMs 14116-117).

The Drummond Basin is one of Australia's most prospective areas for large epithermal vein and stockwork style gold-silver deposits and for bulk-tonnage disseminated gold-copper-molybdenum deposits. It contains the active 4 million ounce Vera-Nancy-Pajingo gold mine and gold deposits at Twin Hills, Yandan, Mt. Coolon and Wirralie. Significant results have been reported from the Anthony porphyry-hosted molybdenum deposit located about 50 km south of the Drummond West Project.

More than 70 targets have been identified, of which 15 are ranked as high priority, as a result of target generation exercises that have been completed over Impact's three main project areas. All previous exploration results were considered, together with conceptual models for epithermal gold and porphyry-style copper-gold-molybdenum mineralisation.

A significant rationalization of Impact's original ground holding in the Drummond Basin was completed in line with statutory requirements and with a focus on retaining its priority targets. Discussions with a number of parties with a view to a Joint Venture on Impacts' gold-copper projects are in progress.

Impact Minerals (IPT) Products and Services

  • Exploration for Uranium, Gold and Nickel

Impact Minerals (IPT) Locations and Subsidiaries

Impact Minerals Head Office
309 Newcastle Street,
NORTHBRIDGE, WA 6003
Phone: 08 6454 6666
Fax: 08 6454 6667

Impact Minerals (IPT) Share Price

Submitted by ASX Listed Company on 22 April, 2010 - 22:26

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