News Articles for Impact Minerals

Impact Minerals has added Apsley and Spicers Creek to its inventory of Boda copper-gold porphyry look-alike prospects near Dubbo in NSW. The new targets are contained within Image's Commonwealth project that lies south of Alkane's revered Boda and Kaiser porphyry copper-gold discovery in the Lachlan Fold Belt. The company has received assays from its recent reconnaissance rock chip sampling and the results confirm copper-gold mineralisation.

Impact Minerals has been awarded a $75,000 grant from the New South Wales Government in a nod to the company's technical accomplishments at its Broken Hill project. The windfall was awarded by the New Frontiers Cooperative Drilling grants programme and Impact will use the money to explore its NSW play for nickel-copper-platinum group metal deposits.

In a potentially transformative move, Impact Minerals has formed a strategic “Broken Hill Alliance” with fellow ASX-listed companies, Castillo Copper and private group, Squadron Resources, to amalgamate what will be the largest landholding that surrounds the world-class Broken Hill zinc-lead-silver mine in NSW. Importantly, Impact will retain the rights to explore for all platinum group metals, nickel, copper and other precious metals across its tenements.

Perth-based ASX listed Impact Minerals is cashed up with over $3m now in its war chest to throw at its exciting Broken Hill PGM project just as palladium and rhodium prices touch record highs. Impact locked away a $2.1m capital raise this week on the back of palladium prices hitting USD$2500 an ounce and rhodium prices bursting through the USD$10,000 an ounce mark.

Impact Minerals is gearing up to get back onto its ground in NSW to explore for look-alikes to Alkane's recent revered Boda porphyry copper-gold discovery that lies just 5km north of Impact's ground in the Lachlan Fold Belt. The company is now waiting on assays from recent reconnaissance rock chip sampling to hone the next round of soil geochemistry and geophysics exploration surveys at its Commonwealth Project near Dubbo.

Impact Minerals has worked up a number of interesting looking copper-gold targets just south of Alkane's serious Boda copper-gold find in NSW. The company has four multi-minerals projects across Australia, ranging from the grassroots exploration stage to advanced trial mining. At the Commonwealth project in NSW, company Geologists stumbled across surface rocks containing copper sulphides just 20km south of Alkane's Boda.

Our daily board moves wrap includes XiaoYu Dai, John de Vries, Ian Murray, Eamon Hannon, and Steven Richards.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Canada-listed BlueBird Battery Metals has entered into an agreement to farm-in to Impact Minerals' Broken Hill project in NSW, in a cash-and-scrip deal worth about $5.5 million.

Canada's Kirkland Lake Gold, which is a major backer of TSX-listed Novo Resources Corporation - the company at the centre of a mini gold rush in the Pilbara - has thrown its weight behind Perth-based explorer De Grey Mining, which is one of several local explorers active in the same area.

Gold hopeful Impact Minerals is aiming to raise $4 million through a share purchase plan to fund exploration at is Commonwealth gold-silver-base metals project in NSW.

SPECIAL REPORT: When Fortescue Metals Group chairman Andrew Forrest received his most recent dividend cheque from the company, it brought the total paid out to entities he controls during the past five years to nearly $600 million.

A local gold company founded by prominent prospector Denis O'Meara hopes to begin trading on the ASX by the end of next month after completing a $10 million initial public offering.

Emma Walczak has been appointed as joint company secretary of Tanga Resources.

Any complacency on behalf of Australia's banks may be ratcheted down a notch as some concerning practices are investigated.

Felicity Gooding has been appointed as a non-executive director on the board of Impact Minerals. Ms Gooding is the chief operating officer and chief financial officer of the Minderoo Group.

Fortescue Metals Group is home to two of Western Australia's wealthiest company directors, or so it was believed until a surprise disclosure last month.

Local exploration firms Impact Minerals, Lucapa Diamond Company, and General Mining Corporation have taken in a combined $8.4 million from successful capital raisings.

Impact Minerals has appointed Aaron Hood as a non-executive director. It follows Minderoo Group investing $7.3m, through its mining investment vehicle Squadron Resources.

Andrew Forrest's private vehicle, Minderoo Group, has announced plans to invest up to $7.3 million in local miner Impact Minerals.

Western Australian small-cap explorer Impact Minerals has announced a successful $2.59 million capital raising to fund drilling projects in New South Wales.

WESTERN Australia's initial public offerings market is continuing to show signs of strength after a hot close to 2010, with four WA-based minerals exploration companies looking to join the Australian Securities Exchange next month after lodging prospectus

Perth-based Impact Minerals said it is considering a range of options to advance its WA uranium project following the recent $US49 million deal to farm-out a nearby uranium deposit.

Perth-based gold, nickel and uranium explorer, Impact Minerals has been granted exploration licences covering about 20,000 sq km in eastern Botswana, specifically for the exploration of uranium.

West Perth-based uranium hopeful Impact Minerals Ltd has launched its initial public offering, aiming to raise $5 million to fund a mineral exploration program and provide additional working capital.