Impact Minerals’ (ASX:IPT) upcoming drilling in May will be closely watched given the exciting results returned from exploration to date at its 87%-owned Broken Hill Project in New South Wales.
These include the discovery of some of Australia’s highest grade Platinum Group Metals as well as robust copper and nickel grades within the project area.
Impact has now identified six targets for further drilling at the Red Hill prospect, one of which contains the newly discovered PGM-copper-nickel mineralisation.
Adding to the interest, there are many more strike kilometres of the same ultramafic host rock that contain high grade nickel-copper-PGM rock chip assays similar to those at Platinum Springs and Red Hill that have yet to be drilled.
Managing Director Mike Jones will present at Proactive's Melbourne, Sydney Investor Luncheons in May.
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Proactive's Melbourne Investor Luncheon, Tuesday 5th May.
Proactive's Sydney Investor Luncheon, Wednesday 6th May.
Platinum Group Metals
The newly discovered PGMs have almost doubled the total grade of PGM’s within the more nickel-rich Upper Zone of mineralisation that occurs within the 25 to 30 metre thick near-surface layer of Red Hill’s copper-nickel-PGM mineralisation.
Given current spot metal prices in Australian dollars per ounce, these may be a significant economic credit to any resource defined at the project.
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