Impact Minerals

June 2024 Quarterly Report

Impact Minerals Limited’s (ASX:IPT) is pleased to present its Quarterly Report.

HIGHLIGHTS

1. Lake Hope, WA (IPT 80%)

  • Work continued on the Pre-Feasibility Study (PFS) which is on schedule for completion in Q4 2024.
  • Key appointments made:
    Indigenous Services Australia (ISA) appointed to establish a long-term relationship with the Ngadju group.
    David English, who led the feasibility and mine development work on Sandfire Resources’ De Grussa and Sirius Resources’ Nova-Bollinger projects appointed to lead the Pre-Feasibility Study at Lake Hope.
  • Baseline environmental surveys indicate no Threatened or Priority species of flora and fauna occur on the Lake Hope salt pan.
  • Scope 1 and Scope 2 CO2 emissions per tonne of HPA produced are targeted to be competitive globally, with a strategy for achieving zero carbon HPA defined.
  • Metallurgical test work continued for both the Sulphate and Low- Temperature Leach processes.
  • Initial discussions commenced with the Ngadju Aboriginal group to support a Mining Lease application.
  • Drill results from neighbouring lakes received and being interpreted.

2. Arkun-Beau, WA (IPT 100%)

  • Co-funding of up to $180,000 has been awarded under the WA Government’s EIS scheme to drill the Caligula copper target, identified through soil geochemistry and Mobile Magneto-Telluric (MMT) data.
  • Infill and extensional soil geochemistry surveys have been completed to define potential drill targets, with assay results expected this Quarter.
  • Drilling completed at the Hyperion Rare Earth Element (REE) Prospect.
  • Metallurgical leach test-work received post-Quarter end with poor recoveries as expected.

3. Commonwealth Project (IPT 100%)

  • Burrendong Minerals continues to progress towards an IPO in Q4 2024. Various submissions to ASX for approval to list are in progress.

4. Other Projects

  • Broken Hill: data synthesis and interpretation in progress on all data collected during the BHP Xplor Programme. Some early-stage discussions are in progress with other groups with a view to a possible joint venture arrangement.
  • Doonia: assays received and being interpreted.
  • Southwest Regional: The early stage Dinninup, Martup Hills and Mineral Hill projects were relinquished due to an increasing focus on Lake Hope.

5. Corporate/Finance

  • Strategic A$3 million placement mostly supported by major shareholders.
  • In addition, $725,000 in funds were received from the exercise of listed options (IPTOB).
  • A FY23 Research and Development Rebate of $395,000 was received during the Quarter.


Click here for the full ASX Release

This article includes content from Impact Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

IPT:AU
The Conversation (0)
Impact Minerals (ASX:IPT)

Impact Minerals Limited

Developing the lowest-cost HPA project in Australia

Developing the lowest-cost HPA project in Australia Keep Reading...
Successful Completion of the Renounceable Rights Issue

Successful Completion of the Renounceable Rights Issue

Impact Minerals Limited (IPT:AU) has announced Successful Completion of the Renounceable Rights IssueDownload the PDF here. Keep Reading...
Renounceable Rights Issue Closing Date

Renounceable Rights Issue Closing Date

Impact Minerals Limited (IPT:AU) has announced Renounceable Rights Issue Closing DateDownload the PDF here. Keep Reading...
Major drill targets identified at the Caligula Prospect

Major drill targets identified at the Caligula Prospect

Impact Minerals Limited (IPT:AU) has announced Major drill targets identified at the Caligula ProspectDownload the PDF here. Keep Reading...
NFM: Sale of Broken Hill East Project to Impact Minerals

NFM: Sale of Broken Hill East Project to Impact Minerals

Impact Minerals Limited (IPT:AU) has announced NFM: Sale of Broken Hill East Project to Impact MineralsDownload the PDF here. Keep Reading...
Update on the Renounceable Rights Issue to raise $5.2M

Update on the Renounceable Rights Issue to raise $5.2M

Impact Minerals Limited (IPT:AU) has announced Update on the Renounceable Rights Issue to raise $5.2MDownload the PDF here. Keep Reading...
Joe Cavatoni, gold bars.

Joe Cavatoni: Can Gold Rise in H2? 3 Key Factors I'm Watching

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, shares key takeaways from the organization's latest quarterly Gold Demand Trends report. He highlights the yellow metal's resilience at the US$4,000 per ounce level in the face of various price headwinds. Cavatoni also... Keep Reading...
Two people in suits shake hands, agreeing to a deal.

Barrick, Newmont Settle Nevada Dispute in US$1.95 Billion Deal

Gold giants Barrick Mining (TSX:ABX,NYSE:B) and Newmont (NYSE:NEM,ASX:NEM) agreed to a US$1.95 billion truce on Monday (August 10), resolving a months-long dispute between the top gold miners that threatened to derail Barrick's planned North American spin-off.Under the settlement, Newmont... Keep Reading...
Gold bars resting on a Federal Reserve document with emblem and partial visible text.

Fed’s Hawkish Hold Splits Metals: Gold Gains, Silver Falls

The US Federal Reserve’s decision to hold interest rates steady while signaling a clear bias toward future hikes has propelled gold to new highs while exposing silver’s macroeconomic vulnerabilities.Following the Federal Open Market Committee (FMOC) meeting on July 29, the central bank... Keep Reading...
Pinnacle Silver and Gold (TSXV:PINN)

Pinnacle Closes First Tranche of Private Placement

Pinnacle Silver and Gold Corp. (" Pinnacle " or the “ Company ") is pleased to announce that it has closed a first tranche of the non-brokered private placement announced on July 13, 2026 (the “Offering”) for gross proceeds of $652,080. The first tranche consisted of 5,928,000 units (the... Keep Reading...
Gold nuggets with text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Vertex Minerals Shines on Gold Mine Update

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.Companies focused on gold, copper and rare earths landed in the top five this week, with gold miner Vertex Minerals taking the top spot.Read on to discover this week's top gaining Australian... Keep Reading...

Interactive Chart

Latest Press Releases

Related News