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January 29, 2024
Impact Minerals Limited (ASX:IPT) is pleased to present its Quarterly Report.
HIGHLIGHTS
1. Lake Hope, WA (IPT 80%)
- Scoping study demonstrates very attractive financial returns; NPV8 A$1.3 billion, CAPEX A$253 million, IRR of 55%.
- OPEX costs estimated at US$3,400/tonne, potentially the lowest cost globally.
- Significant progress made on the Preliminary Feasibility Study including completion of environmental baseline studies and a bulk sampling programme for future test work.
- Three of the Five Stages of the Playa One proprietary and patented sulphate process that converts raw lake clay from Lake Hope into High Purity Alumina (HPA) completed. Results either confirm or improve upon previous results.
- Intermediate aluminium salts have been produced from Stage 3 that require further purification in Stages 4 and 5 to make HPA, with results expected Q1- Q2 2024.
- Discussions with industry analysts, marketing representatives and end users have commenced to secure agreements for product testing.
2. Arkun-Beau, WA (IPT 100%)
- A helicopter-borne MobileMT survey completed over the central Arkun area to map apparent conductivity.
- Proprietary 3D inversion modelling of the data has developed a three- dimensional conductivity and resistivity model of the underlying geology to approximately 1 kilometre depth.
- A further 1,000 soil samples collected with results due in Q1 2024.
3. Commonwealth Project (IPT 100%)
- Burrendong Minerals Ltd completed a seed capital raise to fund the company through to an IPO planned for Q1-Q2 2024. Burrendong has the right to earn an 80% interest in Commonwealth.
4. Other Projects
- Broken Hill: Data synthesis and interpretation in progress on all data collected during Xplor.
- Doonia: 655 soil samples across the entire licence to explore for lithium and gold with results due in Q1 2024.
- Southwest Regional: reconnaissance rock chip and stream sediment collection across the Martup, Dinninup and Mineral Hill projects completed.
5. ESG Reporting
- The WEF Framework for ESG reporting was adopted during the Quarter via the Socialsuite platform.
6. Corporate
- Change of Company Secretary and Chief Financial Officer – Arron Canicais commenced as Company Secretary and CFO.
- Cash at December 31st 2023, was $2.1 million.
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.
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Adrian Day: Gold Price Drivers Stacking Up, Any Pullback a Chance to Buy
Adrian Day, president of Adrian Day Asset Management, shares his latest thoughts on gold.
He also discusses the opportunity in gold stocks, saying that while as a group they're up 55 percent in last year, valuation metrics are lower than they were two years ago.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Finding Gold: Exploring New Zealand’s Next Big Discovery
Despite its rich mining legacy, New Zealand remains one of the most underexplored frontiers for gold in the developed world. Now, with advanced exploration tools and a new generation of explorers, the country is emerging as a hotbed of untapped investment opportunity.
Modern exploration activities and promising geologies across the country may offer indications of where New Zealand’s next big gold discovery could be.
Golden legacy
New Zealand's gold-mining history dates back to the 19th century, with historic rushes in Otago and the Coromandel regions. Two standout deposits have cemented the country's credentials — the Martha mine near OceanaGold's (TSX:OGC,OTCQX:OCAND) Waihi operations, and the Macraes mine in Otago, also operated by OceanaGold. Macraes is the country’s largest active gold mine, producing more than 5 million ounces since 1990. Meanwhile, the Martha underground mine continues to yield ore from epithermal gold-silver veins that were first mined in the 1880s.
These cornerstone projects reflect two dominant geological settings in New Zealand: orogenic gold systems in Otago and epithermal deposits in the North Island. Yet despite this foundation, much of the country's gold-rich terrain remains untouched by modern exploration.
Leveraging underexplored regions
New Zealand’s reputation as a politically stable, low-risk jurisdiction makes it a compelling place for mineral exploration. But it is the vast areas of underexplored ground that are drawing fresh interest.
In particular, Southland and Central Otago have emerged as areas of growing excitement. These southern regions are underlain by the same prospective terranes as the Macraes deposit but have seen limited drilling and modern geophysical work. Sparse population, favorable land access and existing infrastructure further bolster their potential.
These multiple factors — geology, infrastructure and technology — make a compelling proposition for these regions as the likely location for the next generation of new gold discoveries.
Today’s explorers in New Zealand are armed with advanced geophysical surveys, structural modeling and machine learning algorithms that help refine drill targeting and reduce risk.
Companies like Rua Gold (CSE:RUA,OTCQB:NZAUF), Santana Minerals (ASX:SMI) and New Age Exploration (ASX:NAE) are leading the charge. Rua is targeting high-grade epithermal systems in the North Island.
Santana has seen encouraging drill results at its Rise and Shine project in Otago. Meanwhile, NAE is focused on Central Otago and is applying new tools to revisit overlooked terrain.
Investment spotlight: New Age Exploration
NAE is strategically building a district-scale gold exploration presence in New Zealand, underpinned by advanced technical execution and an experienced board. Its focus spans two highly prospective regions: the Otago South gold project and the Marlborough project — both located within historically mineral-rich but underdrilled terrains.
The Otago project lies within the Otago Schist Belt — home to the Macraes mine — a region widely regarded as one of New Zealand’s most underexplored playgrounds for orogenic gold. NAE holds a substantial tenement package exceeding 1,000 square kilometers, covering a contiguous stretch that incorporates priority targets such as Lammerlaw, Otago Pioneer Quartz (OPQ) and Manorburn. These areas were selected based on historic workings, strong soil and rock-chip geochemistry, as well as structural/geophysical anomalies indicative of Macraes-style mineralization.
At Lammerlaw, the company completed five reverse circulation holes (totaling 458 meters) in its maiden drilling program. The campaign successfully intersected sulfide-mineralized shear zones and quartz veining typical of high-grade schist-hosted systems. These results align with regional structural trends, and NAE has prudently secured EP 61110 (Waipori) to expand control along the same structural corridor. Results from this first-phase drilling are pending, with a planned Phase 2 drilling campaign slated for early 2026 — targeting newly defined or previously inaccessible zones.
The broader Otago package also includes the OPQ project, which hosts a 6 kilometer gold-bearing shear zone with surface rock-chip grades exceeding 1.4 grams per tonne gold, and the recent addition of the Manorburn permit (approximately 222 square kilometers) adjacent to Santana Minerals’ Bendigo-Ophir discovery, further expanding NAE’s control to approximately 558 square kilometers in the Otago schist belt.
To complement Otago’s high-grade potential, NAE also secured the Marlborough project, encompassing 499 square kilometers within the Marlborough Schist Belt, considered a structural analogue to Otago but previously underexplored. This project diversifies NAE’s exposure and supports a multi-pronged gold discovery strategy.
Driving NAE’s strategy is chairman Alan Broome AM, a highly regarded figure in the Australian mining industry with more than four decades of experience across mining, technology and government advisory roles. A former director of multiple ASX-listed resource companies, Broome brings deep insight into project development and strategic leadership.
Complementing this is a superb local technical team led by Kerry Gordon, a New Zealand-based geologist with extensive experience in Otago-style gold systems, and James Pope, a structural geologist with a deep understanding of the region’s mineralization controls.
Investor takeaway
With New Zealand on the verge of new and significant gold discoveries, investors looking to evaluate early-stage success in the country’s exploration sector should watch for:
- High-resolution geophysical anomalies aligned with shear zones or known fault systems.
- Soil or rock chip assays that detect gold pathfinders like arsenic, antimony or tungsten.
- Drill intercepts with visible sulfide mineralization or quartz vein textures.
- Permit expansion and land consolidation, which point to long-term development strategy.
- Teams with clear communication and technical expertise — an area where NAE stands out.
With favorable geology, strong project economics and world-class leadership teams, New Zealand is quickly becoming a global focus for orogenic and epithermal gold exploration. For investors seeking discovery-stage exposure with substantial upside, early mover explorers may be writing the next great chapter in the country's gold story.
This INNSpired article is sponsored by New Age Exploration (ASX:NAE). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by New Age Exploration in order to help investors learn more about the company. New Age Exploration is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with New Age Exploration and seek advice from a qualified investment advisor.
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