IPT identifies significant Rare Earth Element anomaly at Arkun Project, WA

Project Name: Arkun Project

Project Location: Western Australia (WA), Australia

Project Stage: Exploration

ProjectBank Summary: Impact Minerals Limited (ASX: IPT) has identified a significant rare earth element (REE) anomaly at the Hyperion Prospect within the Arkun Project in Western Australia. The anomaly spans over 3 km², with soil sampling returning up to 5,880 ppm (0.59%) Total Rare Earth Oxide (TREO+Y) and Nd+Pr concentrations up to 21%. The discovery includes new prospects such as Swordfish and the previously identified Horseshoe prospect, emphasizing the significant potential for REE mineralisation across the project area. Initial drill testing and bulk sampling for metallurgical test work are planned for the upcoming quarters.

Impact Minerals Highlights:

• High-grade TREO+Y anomalies identified:

  • Hyperion Prospect soil samples up to 5,880 ppm TREO+Y, covering over 3 km².

  • Swordfish Prospect soil samples up to 1,783 ppm TREO+Y.

• Significant exploration potential at Arkun Project:

  • Large REE anomaly at Horseshoe Prospect, 25 km east of Hyperion.

  • Granite area of 170 km² yet to be explored.

• Upcoming exploration activities:

  • Early drilling and bulk sampling planned for metallurgical test work.

MD/CEO Statement: Dr. Mike Jones, Managing Director of Impact Minerals, commented: "The discovery of the Hyperion Prospect is a significant breakthrough in exploring the Arkun Project. Our exploration strategy recognizes the potential for various commodities, including REEs. Initial drill testing and bulk sampling will help evaluate how easily the REEs can be extracted, guiding future resource definition drilling. We are excited about the potential for large REE deposits in this emerging mineral province."