Beau project sampling highlights battery and precious metals potential
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Impact Minerals says four large soil geochemistry anomalies for a range of battery and precious metals have been identified at the Beau Project, part of the greater Arkun-Beau-Jumbo project only 150 km east of Perth, WA.
The results include a large copper-nickel-platinum group element (PGM)-silver-cobalt anomaly up to 2.5km by 1km in size, a 500m diameter gold-palladium anomaly and two lithium-caesium-tantalum (LCT) anomalies.
Interestingly, the LCT anomalies are both about 1km in size, which Impact Minerals (ASX:IPT) says could be part of a large zoned intrusive pegmatite system – the host rock for lithium mineralisation.
There has been no previous exploration at Beau, and MD Dr Mike Jones says these results confirm the company’s belief that the area is very prospective for a range of battery, strategic and precious metals.
“A large nickel-copper-PGM anomaly overlies previously unidentified layered mafic intrusive rocks; these are known hosts to significant massive sulphide deposits around the globe,” he said.
“In addition, we have identified a gold anomaly that is associated with rare earth responses and which may be part of a large intrusion-related system.
“To cap it all off, we also have identified two areas with significant responses for a range of metals associated with a zoned lithium pegmatite system.”
Field checking and relevant follow-up sampling of all areas is planned to start by the end of August to identify reconnaissance drill targets as quickly as practicable.
Access will be restricted for drilling until the harvest period later in the year, however Impact says this will allow time for the statutory approvals to be lodged.
Plus, assays from a further 600 soil samples across the northern part of the Arkun project are still pending and so these early results auger well for the project going forward.
This article was developed in collaboration with Impact Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.