Impact Minerals signs C$5.5 million farm-in deal for Broken Hill project
Broken Hill is prospective for a range of metals forming a critical part of the emerging battery revolution.
Company
ASX:IPT
Driven by a commitment to excellence and a vision to harness Australia's mineral wealth, Impact Minerals Limited is establishing itself as a key player in the High Purity Alumina (HPA) industry. Through careful project development, rigorous technical and financial evaluation, the company aims to create lasting value for shareholders while contributing to the sustainable growth of the mining sector.
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Broken Hill is prospective for a range of metals forming a critical part of the emerging battery revolution.
Significant results delivered thus far from Silica Hill continue to demonstrate the potential for bulk mining.
The company’s shares closed about 8% higher intra-day, at 1.3 cents.
The company has also agreed to sell its Pilbara gold project for over $2 million.
The halt will remain in place until Friday, May 25 or earlier if an announcement is made.
Drilling will begin after the upcoming Commonwealth program has been complete.
The drill program should commence by late June subject to approvals.
The company's shares are trading about 8% higher intra-day, at 1.4 cents.
Assays and detailed studies have extended the dimensions and depth of the system.
The company's shares are trading up 18.75% intra-day, at $0.019
Andrew Forrest related Squadron Resources now holds a 14.8% stake.
The company is also exploring conglomerate-hosted gold in the Pilbara.
Shares were up almost 12% to $0.019 in mid-afternoon trading on Tuesday.
Earlier this year, the company applied for nine exploration licences covering 1,300 square kilometres.
Impact's Pilbara Gold Project covers 1300 square kilometres.
The raising was conducted at an 11% premium to the share price.
We are joined exclusively by Dr Mike Jones to discuss conglomerate-hosted gold.
Shares in companies focused on gold in the Pilbara have recently been trading higher.
The company is positioning itself in a red hot position in the Pilbara.
Impact Minerals is moving closer to securing a foothold in the Pilbara.