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Impact Minerals Limited ( (AU:IPT) ) has issued an announcement.
Impact Minerals Limited has made notable advancements in its Lake Hope High Purity Alumina Project in Western Australia, where a maiden resource has been defined, supporting a 15-year mine life. The company has secured funding through a government grant to accelerate pilot plant development. Additionally, new land areas have been accessed for sampling in the Arkun-Beau project, and Impact shareholders have a priority entitlement in the IPO of Burrendong Minerals Limited. These developments, coupled with a recent tax incentive rebate and a healthy cash reserve, position Impact for further growth and market entry.
More about Impact Minerals Limited
Impact Minerals Limited operates in the mining industry, focusing on the extraction and development of mineral resources. Their primary products include high purity alumina (HPA) and other mineral commodities, with projects in Western Australia. The company is involved in significant market-oriented activities such as resource estimation, feasibility studies, and securing financial backing for its operations.
Average Trading Volume: 30,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €20.12M
Learn more about IPT stock on TipRanks’ Stock Analysis page.
