IPT 7.14% 1.5¢ impact minerals limited

Ann: Impact Raises $2.1 Million, page-2

  1. 14,954 Posts.
    lightbulb Created with Sketch. 696
    Awesome news from the company finally getting on with drilling 2 hot prospects. Now is the company ramping as well. Gee what do you want them to do not take advantage of the soaring prices. Those prices are USA dollars as well just a lucky time to drill that's all it is no ramping required.

    Impact Minerals Managing Director, Dr Mike Jones:
    “With palladium at a record price of more than US$2,500 per ounce, and rhodium prices literally
    exploding above US$10,000 an ounce in the past week (Figure 1), Impact is pleased to now have the
    funds to aggressively return to exploration at our unique Broken Hill project. Our previous drilling
    there has delivered exceptional grades of all six platinum group metals (palladium, platinum, rhodium,
    ruthenium, osmium and iridium) not to mention gold, nickel and copper as well. We are looking
    forward to getting the drill bit turning at Red Hill as soon as possible where we returned drill grades of
    1.2 metres at 254 g/t palladium and 4.6 g/t rhodium - exceptional PGM grades on a world scale. The
    Company is also about to commence re-assays of key drill intercepts, for rhodium, which is not
    routinely assayed for”.
    “With this new funding, Impact is also now in a position to push forward with follow-up work on our
    exciting Commonwealth project targets along trend and close to the recent Boda discovery in the
    copper-gold rich Lachlan Fold Belt, currently one of the hottest exploration footprints in Australia. We
    will have boots on the ground there shortly to complete soil geochemistry surveys and subsequently
    ground geophysical surveys to define targets for drilling later in the year.
    “The capital raising was very well supported and included continuing strong support from our major
    German shareholder. We thank all shareholders for their support”.

 
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