Outstanding Ni-Cu-PGM, Gold And Lithium-Caesium-Tantalum Soil Geochemistry Results At The Beau Project, WA

Three large and significant soil geochemistry anomalies for a range of battery metals and precious metals have been identified at Impact Minerals Limited's (ASX:IPT) 100% owned Beau Project, part of the greater Arkun- Beau-Jumbo project area in the emerging mineral province of southwest Western Australia (Figure 1).

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Highlights:

• Four large and significant soil geochemistry anomalies identified, including:
  • a large copper-nickel-PGM-silver-cobalt anomaly up to 2.5 km by 1 km in size and associated with previously unrecognised layered mafic gabbros
  • a gold-palladium anomaly about 500 metres in diameter
  • two lithium-caesium-tantalum anomalies each about 1 km in dimension that may be part of a large zoned intrusive pegmatite system
• Field checking and relevant follow-up sampling of all areas will commence by the end of August to identify reconnaissance drill targets as quickly as practicable
• A reconnaissance drill programme will be organised as soon as practicable and subject to access and the harvest period
• There has been no previous exploration at Beau prior to Impact’s work

Impact Minerals’ Managing Director Dr Mike Jones said “These are the first detailed soil geochemistry results we have had from the hitherto poorly explored greater Arkun project area and confirm our belief that the area is very prospective for a range of battery, strategic and precious metals. In addition, it is a validation of our targeting methodology which we have applied across our extensive project portfolio in Western Australia and put together over the past 18 months”.

“A large nickel-copper-PGM anomaly overlies previously unidentified layered mafic intrusive rocks; these are known hosts to significant massive sulphide deposits around the globe. In addition, we have identified a gold anomaly that is associated with rare earth responses and which may be part of a large intrusion-related system. To cap it all off, we also have identified two areas with significant responses for a range of metals associated with a zoned lithium pegmatite system. Follow-up field checking will commence later this month in order to define targets for first-pass drilling as soon as practicable and to identify the bedrock which is mostly obscured by laterite. We also look forward to getting the results from a further 600 soil samples that are still to come from the northern part of the Arkun project”.

Location of Impact's projects in Western Australia

Previous work by Impact across the Arkun and Beau project areas using a proprietary geophysical-geochemical technology owned by Southern Sky Energy Pty Ltd, identified 17 broad areas of interest, principally for Ni-Cu- PGM mineralisation, for follow-up work (ASX Release 10th June 2021).

Reconnaissance soil geochemistry traverses along gazetted roads and tracks over 15 of these targets identified a total of 22 more specific targets for both Ni-Cu-PGM mineralisation and, for the first time in the area, lithium- caesium-tantalum pegmatites and Rare Earth Elements (REE). A number of the original targets returned anomalous soil results for more than one style of mineralisation. Targets for both Ni-Cu-PGM and lithium were identified at Beau.

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