Impact hunts for Julimar of its own at Arkun-Beau nickel-copper-PGE project

A soil survey is now underway at Impact Minerals (ASX:IPT) Arkun-Beau project in WA, which includes a priority untested target of similar size and shape to Chalice Mining‘s Gonneville intrusion.

The 1900sqkm Arkun project, 130km east of Perth, was staked following the recent significant PGE discovery by Chalice Mining at Julimar.

A few hours after Impact made its first announcement on Arkun, Anglo American — one of the world’s leading mining companies — lodged Exploration Licence applications covering 10,130sqkm surrounding Arkun on three sides.

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Impact’s new soil survey will cover 17 priority target areas for nickel-copper-PGMs identified in a recent interpretation of regional airborne magnetic data.

This data interpretation indicates that mafic and ultramafic rocks — the most likely host to the nickel-copper-PGM mineralisation — may be more widespread than shown on the regional Geological Survey maps, Impact says.

These rocks also contain low levels of 3PGM (platinum+palladium+gold) in rock chip samples in many places.

A prominent oval magnetic anomaly 3,000 metres by 1,500 metres in dimension has been identified as a priority target for follow up.

“It lies under shallow cover, probably less than 30 metres, and has never been explored,” Impact says.

“The anomaly is of a similar size and geometry to the Gonneville Intrusion, host to the significant PGE copper-nickel mineralisation discovered recently at Julimar (Chalice Mining) and also the Newleyine intrusion, also proven to host nickel-copper-PGE mineralisation (Mandrake Resources).”

This article was developed in collaboration with Impact, 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.