03/01/2008 - 15:14

Impact Minerals plaints dismissed

03/01/2008 - 15:14

Bookmark

Save articles for future reference.

Northbridge-based Impact Minerals Ltd is free to resume exploration of its Yarrabubba project, near Meekatharra, after plaints lodged against six tenements at the site in 2006 were dismissed by the Warden's Court.

Northbridge-based Impact Minerals Ltd is free to resume exploration of its Yarrabubba project, near Meekatharra, after plaints lodged against six tenements at the site in 2006 were dismissed by the Warden's Court.

The prospect contains deposits of nickel, copper and platinum group metals as well as uranium, associated with the Nowthanna Uranium Deposit.

A drill program of about 2,600 metres for uranium in the northern part of the project area is planned for early to mid 2008, with the company intending to provide details of further work once regulatory approvals have been received.

Impact has a 20 per cent share in Yarrabubba project, which is a joint venture with CITIC Resources Australia Pty Ltd (60 per cent), a wholly owned subsidiary of CITIC Australia Ltd, and a syndicate of investors (20 per cent).

Impact's board consists of Lithofire Consulting Geologists founding director Dr Michael Jones as managing director, Dr Rodney Fripp as executive director and Gold Corporation (Perth Mint) chairman Peter Unsworth as non-executive chairman.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options