Impact Minerals Consolidates Broken Hill Position with Huonville Gold District Acquisition

The latest update is out from Impact Minerals Limited ( (AU:IPT) ).

Impact Minerals Limited has acquired a 100% interest in Exploration Licence EL8024, a 55 square kilometre tenement covering most of the historic Huonville gold district, 25 kilometres southeast of Broken Hill in New South Wales, for consideration of $125,000 in escrowed shares and $25,000 in cash plus a 1% NSR to a previous owner. The tenement, which is contiguous with Impact’s existing holdings, expands the company’s ground position around the giant Broken Hill lead-zinc-silver deposit to about 1,800 square kilometres and more than 100 kilometres of prospective strike, and is considered highly prospective for large copper and copper-gold deposits under a new exploration model developed through the BHP Xplor program. Historical shallow workings at Huonville have returned high-grade legacy rock chip assays up to 82 g/t gold with associated silver, bismuth and copper, showing a metal association typical of iron-oxide-copper-gold (IOCG) systems, although limited past drilling failed to replicate the best surface grades due in part to suboptimal hole orientation and possible near-surface enrichment. Impact is currently reviewing all historical data and integrating it with results from a recent ground magnetotelluric survey, with management positioning the Huonville acquisition as a strategic “final piece of the jigsaw” that consolidates its Broken Hill land package and enhances its potential exposure to deeper, larger-scale IOCG-style mineralised systems, which could be significant for the company’s exploration pipeline and long-term growth in the district.

The most recent analyst rating on (AU:IPT) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Impact Minerals Limited stock, see the AU:IPT Stock Forecast page.

More about Impact Minerals Limited

Impact Minerals Limited is an Australian mineral exploration company focused on base and precious metals, including copper, gold, silver, lead and zinc. The company has spent the past decade assembling one of the largest ground positions in the Broken Hill region of New South Wales, targeting large-scale deposits around the historic Broken Hill lead-zinc-silver mine.

YTD Price Performance: 33.96%

Average Trading Volume: 590,585

Technical Sentiment Signal: Sell

Current Market Cap: A$34.63M

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