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  • Major German backer raises stake in Impact Minerals 
  • 06 May 2024
WRITTEN BY Angela East

Major German backer raises stake in Impact Minerals 

A major German investor has bought more shares in rare earths explorer Impact Minerals (ASX:IPT) on market, increasing their stake to 16.85%.

Long-time backer Susanne Bunnenberg has picked up a further 450.2 million shares for $460,169. The latest acquisition ups her substantial shareholding from 15.83%.  

The increase in stake comes after Impact received a Western Australian government grant of $180,000 to go towards the drilling of the large Caligula copper target, part of the company’s wholly owned Arkun Project. 

Drilling will comprise 40 holes for 2,000m and will be testing a rare earths soil geochemistry anomaly that was uncovered at Hyperion and returned up to 5,880 parts per million total rare earth oxide and yttrium, as previously reported.

The Arkun Project comprises eight tenements spanning 1,900km2 and sits 200km southeast of Perth.

Write to Angela East at Mining.com.au 

Images: Impact Minerals
Author Image
Written By Angela East
Content Director Angela East is an experienced business journalist and editor with over 15 years spent covering the resources and construction sectors and more recently working as a communications specialist handling media relations for junior resources companies.

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