Impact Minerals Limited (ASX:IPT)
is pleased to announce that it has agreed to purchase seven exploration licences in the Mulga Tank Project that are in joint venture with Golden Cross Resources Limited (ASX:GCR)
for $275,000 in cash.
Impact now owns 100% of all 13 licences within the project area that covers 425 sq km of the highly prospective Minigwal greenstone belt, 200 km east of Kalgoorlie in the emerging mineral province of the south east Yilgarn Block, Western Australia (Figures 1 and 2).
A deposit of $25,000 has already been paid to GCR with the balance of $250,000 due on settlement which is expected to occur by early March.