Impact flags multiple new targets at Arkun project
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Impact Minerals has identified 11 high priority targets for nickel-copper-platinum-metal-group metals-gold (PGM) from new soil geochemistry results at its Arkun project in WA.
The company also identified 11 lithium-caesium-tantalum (LCT) pegmatite targets for the first time at the project – which are a key source of hard rock lithium for the emerging battery metals industry.
Impact Minerals (ASX:IPT) managing director Dr Mike Jones said the soil results have exceeded the company’s expectations.
“To have identified 11 targets for nickel-copper-PGM is exciting enough in its own right but recognising the potential for lithium pegmatites over a very large area is also a significant breakthrough for Impact,” he said.
“The recent Julimar Ni-Cu-PGM discovery and also the presence of the Greenbushes lithium-tantalum mine attest to the potential of this part of Western Australia to host world class deposits across a wide variety of commodity metals and our new results show how poorly explored this region truly is.”
“We have already started follow up work given we are unable to operate effectively in NSW because of COVID restrictions and also whilst organising the drill program at our exciting Doonia gold project near the Burns discovery east of Kambalda,” Jones said.
“I feel confident based on the strength and scale of these new anomalies that further work at Arkun will generate numerous targets for drill testing early in 2022. The scale of the anomalies for lithium bearing pegmatites is quite impressive and we are very excited about what we might have our hands on in the area.”
The company is undertaking first pass follow-up field checking and sampling with the aim of prioritising areas for more detailed soil geochemistry and ground geophysics that will extend away from the roads and into the surrounding paddocks.
To explore in the paddocks, land access agreements will be required and discussions with the landowners will also commence shortly. With much of the region under crop this is a good time for those negotiations to gain full access after harvest later in the year.
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.