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Impact Minerals Ltd, Mulga Tank Project: Conductor 1 Exploration Update

Nickel-copper sulphides intersected over 150 m of strike;

Mineralisation thickening to the east into a channel of thicker ultramafic rocks;

Mineralised channel is below a black shale unit that may have masked EM responses from underlying massive sulphides;

Drilling still in progress to test mineralised Lower Unit.

Impact Minerals (ASX:IPT) is pleased to announce that its fourth drill hole at Mulga Tank, MTD007 which is still in progress at the Conductor 1 target, has discovered a 7 metre wide zone of disseminated nickel-copper sulphides in a komatiite. This is a distinctive ultramafic rock that commonly hosts deposits of nickel and copper at Kambalda in W.A. and other places.

The newly discovered mineralisation is much thicker than, and likely to be continuous with, the high tenor (grade) disseminated nickel-copper mineralisation discovered in the Upper Ultramafic Unit in Hole MTD004 (see announcement dated 14 November 2013).


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