Impact Minerals Limited
(ASX:IPT) is pleased to announce that it can now proceed with a drill programme to test a number of targets for high grade nickel-copper-platinum group metal deposits at the Broken Hill Joint Venture Project in New South Wales following the receipt of all statutory approvals.
Impact recently earned a 51% in the rights to nickel-copper-PGE mineralisation from Golden Cross Resources Limited (GCR) and has elected to earn an 80% interest by spending a further $200,000.
This expenditure will be completed during the forthcoming drill programme at the Red Hill Prospect, for which Impact was recently awarded a grant of $125,000 under the N.S.W. State Government’s Co-operative Drilling Funding Programme.
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