Impact Minerals Managing Director Dr. Mike Jones: Significant Expansion of Projects in Australia

Impact Minerals (ASX:IPT) Managing Director Dr. Mike Jones discussed the project generation company’s philosophy of identifying world-class, high-grade mineral deposits while mitigating risk.

The company owns five exploration projects, and was originally focused on Western Australia with three ventures in that area. In Q4 2021, the company engaged in an AU$18 million farm-in agreement with IGO (ASX:IGO,OTC Pink:IPGDF) to expand into New South Wales through four joint venture projects.

Speaking of drilling, Dr. Jones noted, “What we've done in the last 12 to 18 months is put together a fantastic portfolio of projects in the southwest of Western Australia. The region generally has what's called high-grade metamorphic terrain. It's been very poorly explored over the years, and yet it does host a number of world-class deposits. In particular, the Greenbushes lithium-tantalum mine, and there’s numerous million ounce gold deposits.”

The mining area is located approximately 18 kilometres north of Bridgetown. Dr. Jones said, “We've got about 3,000 square kilometres in there, and we do own 100 percent of most of it. We've got some joint ventures with a group that’s got some great target technology. What we're generating at this very early stage is a significant number of soil geochemistry anomalies. It’s very basic work and it's cheap to do. We can cover large areas, and we have a very high hit rate in terms of the targets we've identified and the solid numbers that we're generating. That’s the first step towards drilling, which will occur over the next couple of years.”

Speaking about plans for the company moving forward, Dr. Jones said, “I think the market is going to be pretty impressed over the next three to six months. We’ve got these early stage projects and lots of chemistry on the way that shows how many targets we're actually going to be able to generate. We're going to end up with 50-plus drill targets — and that's going to be way too much for a little company like Impact, so we'll probably end up looking to attract a partner for that.”

Dr. Jones also discussed focusing on principal commodities, including base and precious metals. “Impact has always been a nickel, copper and precious metals explorer. At least three of these commodities we can call battery metals, so we're as trendy as every other company that’s looking for those now. We're generating targets almost hand over fist at the moment in this very unexplored area. I think we've got a very exciting future ahead.”

Watch the full interview of Impact Minerals Managing Director Dr. Mike Jones above.

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