1. COMMONWEALTH PROJECT, N.S.W. (IPT 100%)
- Rock chip samples with assays of up to 24 g/t gold, 1,100 g/t silver, 18.2% copper and 5.7% zinc extend mineralised trend at Commonwealth from 250 m to 2.5 km.
- Induced Polarisation ground geophysical survey completed. Interpretation in progress.
- New exploration licences granted to expand ground holding to 315 sq km with significant potential for porphyry copper gold and VMS Au Cu Zn Pb Ag deposits.
- Drill programme to commence in June 2014.
2. BROKEN HILL PROJECT, N.S.W. (IPT EARNING 80%)
- Field checking, further soil and rock chip sampling completed at Red Hill.
- Ground EM survey completed at the Red Hill Prospect. Interpretation in progress.
- Drill programme to commence at Red Hill in June – July 2014.
3. MULGA TANK PROJECT, W.A. (IPT 100% & EARNING 50%)
- Twelve new priority target areas for nickel-copper and copper-gold deposits identified in a review of previous soil geochemistry data.
- Gravity survey completed over the Mulga Tank Dunite. Interpretation in progress.
4. OTHER PROJECTS
- Botswana Uranium (IPT 100%): Interpretation of the results of an MMI soil geochemistry survey over the Red Hills Prospect is in progress.
- Queensland: All licences relinquished except for EPM14116 containing the high grade Retro Extended Project.
- Turkey: Discussions in progress to dispose of or wind up the Turkish subsidiary company.
5. CORPORATE
- Cash at March 31st $0.7 million. Impact received a further $719,000 from the R&D rebate on April 3rd.
To view Report please download PDF attached:
