Impact Minerals (ASX:IPT) has identified ‘numerous’ high-priority targets for Ni-Cu-PGM mineralisation + lithium-caesium-tantalum (LCT) from maiden soil sampling at its 100%-owned Arkun project in Western Australia.
The results extend over several hundred metres and include 11 targets for Ni-Cu-PGM and 11 targets for LCT in an area described by the company as ‘poorly explored’, with no prior drilling.
“These soil results have exceeded our expectations by a long way and are also a credit to our target generation technology”
The central region of the project, encompassing six high-priority and five medium-priority targets has been identified as ‘strongly anomalous’ for all five Ni-Cu-PGM metals, pointing to the potential of sulphide mineralisation.
Speaking on the result, Impact Minerals Managing Director Dr Mike Jones said: “These soil results have exceeded our expectations by a long way and are also a credit to our target generation technology. To have identified 11 targets for nickel-copper-PGM is exciting enough in its own right, but recognising the potential for lithium pegmatites over a very large area is also a significant breakthrough for Impact.”
Of note, the further combination of LCT mineralisation across Arkun points to the potential for pegmatite discovery, which are a key source of hard-rock lithium in Western Australia. Impact reports that it has identified six high-priority and five medium-priority targets, with follow-up work to come.
The above results have generated a number of key follow-up targets for nickel-copper-PGM plus LCT pegmatites, with Impact reporting that first-pass field checking and sampling is already underway. Land access is being negotiated with local farmers, as much of the region is currently under crop until later in 2021.
Images: Impact Minerals Limited