IPT announces significant expansion at Arkun Project, WA
Project Name: Arkun Project
Project Location: WA, Australia
Project Stage: Exploration
ProjectBank Summary:
Impact Minerals Limited (ASX: IPT) is pleased to announce that it has applied for three new exploration licences covering 720 km² north of and contiguous with the company’s 100%-owned Arkun project, located 150 km east of Perth in the emerging mineral province of south-west Western Australia. The new licences are along strike from recently discovered REE soil geochemistry anomalies at Hyperion, Swordfish, and Horseshoe, as well as the Caligula copper anomaly. This expansion increases the size of the Arkun project to 2,900 km².
Impact Minerals Highlights:
Three new Exploration Licence applications submitted immediately north of the Arkun project along trend from the recently discovered REE soil geochemistry anomalies at Hyperion, Swordfish and Horseshoe as well as the Caligula copper anomaly.
The new licences cover a further 720 km² and increase the size of the Arkun project to 2,900 km² in the emerging mineral province of southwest WA.
The new licences are considered highly prospective for a range of strategic and battery metals, including REE and copper-nickel sulphides.
Two significant EM conductors identified in government airborne EM lines that have never been drill-tested are priority areas for follow-up work.
Statutory approvals and land access agreements are in progress for a maiden drill programme at Hyperion and other targets, alongside negotiations with drilling contractors.
Soil geochemistry surveys are ongoing in the north and west parts of Arkun.
MD/CEO Statement:
Dr. Mike Jones, Managing Director, commented: "After the recent significant breakthroughs in the soil geochemistry programs that discovered our Hyperion and Caligula prospects, we have been able to expand our strategic ground holding in the emerging mineral province of the southwest Yilgarn province in Western Australia. The new applications contain strike extensions and similar geology to our newly discovered prospects and are easily accessible, allowing us to start groundwork quickly following the usual land access negotiations. We are also looking forward to our maiden drill program at Arkun early in the next Quarter and are well advanced in the approvals process and securing the appropriate drill rig."
