Impact Minerals Ltd (ASX:IPT) is the best performing stock in morning trade, jumping 62% to $0.021 with over 23 million shares changing hands.
Driving interest in the company is its progress towards potentially having granted exploration licenses in the red-hot Pilbara region of Western Australia.
More specifically they are prospective for Witwatersrand-style conglomerate-hosted gold.
The majority of the licence applications have recently passed through the period for objections under the Mining Act and as such are now likely to be granted subject to the statutory Native Title notification and negotiation period which is expected to take about eight months.
Company Name · Code · Last · Change · Volume
Impact Minerals Ltd · IPT · $0.021 · 61.54% · 23,391,475
IPB Petroleum Ltd · IPB · $0.015 · 50% · 512,000
Nex Metals Exploration Ltd · NME · $0.006 · 50% · 46,700
DGO Gold Ltd · DGO · $1.420 · 49.47% · 218,628
Kairos Minerals Ltd · KAI · $0.070 · 34.62% · 60,632,424
Siburan Resources Ltd · SBU · $0.004 · 33.33% · 500,000
Sprintex Ltd · SIX · $0.160 · 33.33% · 9,000
Chapmans Ltd · CHP · $0.005 · 25% · 1,701,913