Impact Minerals (IPT.ASX) is a Copper and Gold exploration company listed on the ASX under the ticker code (IPT.ASX). The Company manages extensive land tenements holdings a massive 4,000km2 worth.
Currently trading at $0.02 and a market cap of 33.8m we can see this heading much higher over the medium term. See below 1 year share price performance already up +111%.
Today, Impact released their Q3 report. The company is aiming to achieve shareholder value through its various land tenements and aggressive exploration programs.
Impact Minerals flagship project “Broken Hill” in New South Wales, is a 816 square kilometre in the south east part of the richly mineralised Curnamona Province (See Below). Impact has completed a significant amount of in-house research on these rocks which has lead to a new geodynamic framework for the Broken Hill area.
New work by Impact, done in conjunction with Independent Expert Emeritus Professor Ken Collerson of the University of Queensland, has now demonstrated that the alkaline rocks are related to a deep seated mantle plume that was related to the breakup of the Rodinia supercontinent about 800 million years ago.
What are the Drill Results Saying?
At Red Hill exceptional grades have been returned from drilling including a stand out intercept in vein hosted sulphide of:
1.2 metres at 10.4 g/t platinum, 10.9 g/t gold, 254 g/t (9.5 ounces) palladium, 7.4% nickel,
1.8% copper, 19 g/t silver and 0.5% cobalt (ASX Announcement 26th October 2015).
Both the Rockwell-Little Broken Hill Trend and the Moorkai Trend have been very poorly explored and many targets remain to be followed up.
IPT Share Price May Delivery Astonishing Returns
Prophet Invest believes that IPT share price may deliver life changing returns on the back of previously successful drilling at their Broken Hill Site. We are looking at a holding period of approx. 6 months.
If mining stock’s just are not for you, make sure to take a look at the share price of Alcidion and the date that we released this article. https://prophet-invest.com/alcidion-rockets-higher-alc-asx
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