Impact Minerals Logo

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%.

Source: Nabtrade

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.

Image of the Curnamona Province
Location of the Broken Hill Ni-Cu-PGE Project Source: Projects | Impact Minerals Limited

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).

Prophets Trusted Affiliate Partner

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.

Please Remember all Articles Published on Prophet Invest are Opinion only

Learn How We Analyze A Company:

The Ultimate Stock DD Checklist For Beginners

What Are We Currently Buying?

In the past few weeks here’s some exciting companies we jumped in on:

Taking A Bet on PointsBet

Initial Public Offering Askari metals Will Be Epic

Leave a Reply

Your email address will not be published. Required fields are marked *

Introducing our latest and one of our largest portfolio holdings Askari Metals (AS2). 

The Company has 5 prospective copper-gold projects in tier 1 mining jurisdictions in nearology to mining giants.

You May Also Like

Afterpay’s (APT.ASX) Biggest Stock Price Catalyst Yet.

Afterpay has its eyes set on the USA. The Revolutionary Buy-Now Pay-later…

Should I Buy Shares in A2 Milk Latest Update? (A2M.ASX)

Should I Buy Shares in A2 Milk Latest Update? (A2M.ASX, ATM.NZX). Shares in ASX listed company A2M have been crushed of recently, so we take a look and answer the question. A2M is dual listed on both the Australian and New-Zealand Stock Exchanges.

Alcidion Rockets Higher (ALC.ASX)

Alcidion Group Limited (ASX: ALC), formerly Naracoota Resources Limited, is an Australia-based…