Tag: Impact Minerals

PLATINUM is shining bright for WA-based Impact Minerals, with promising new discoveries made amid prevailing record prices for the commodity. High grades of the rare platinum group elements (PGE) rhodium, iridium, osmium and ruthenium have been returned from new assays from seven previously drilled diamond drill holes at the Red Hill prospect within Impact’s 100pc-owned Broken Hill Project in NSW. The drill holes had previously only been assayed for palladium and platinum, with a total of 12 out of the 13 drill holes completed returning robust widths and grades of these two PGEs, together with significant gold, copper, nickel, cobalt and silver credits. In the current exploration, the seven holes with high grades of palladium and platinum were selected for...

PERTH-BASED Impact Minerals Limited (ASX:IPT) has received a grant of $75,000 from the $2m New Frontiers Cooperative Drilling grants program awarded by the NSW Department of Planning, Industry and Environment. The funds, awarded on the technical merit of the proposed drill program, will be used to drill test specific targets along the Rockwell-Little Broken Hill Gabbro trend, a 6km-long maficultramafic intrusion that is highly prospective for deposits of high grade nickel-copper-platinum group metals (PGM), including palladium and rhodium, currently at near record prices. The entire trend is very poorly explored with only a few drill holes completed by previous explorers to shallow depths. As part of the preparation for a drill program, field checking and extensive rock chip sampling was...