Impact (ASX:IMP) hit significant REEs at Arkun
January 4, 2024Impact Minerals’ soil sampling has returned 5,880ppm TREO and up to 21% Nd+Pr at its newly identified Hyperion prospect, part of its Arkun rare earth project in Western Australia.
The vast anomaly covers at least 3 km2 at greater than 1,000 ppm TREO and is open along strike to the northwest and southeast.
Excitingly, the soil anomaly is developed in accessible weathered granite and is a prime target for a large clay-hosted REE deposit.
The Impact team is understandably upbeat as the grand nite covers a further area of about 17,0 km2, which has yet to be explored.
“The discovery of the Hyperion Prospect is a significant breakthrough in exploring the Arkun Project, which has so far focused on nickel, platinum, and copper,” Impact Minerals Managing Director Dr Mike Jones said.
“The extraction characteristics will help guide resource definition drilling later in the year,” he added.
The exploration potential of the project has increased with the discovery of REEs. Initial drill testing and bulk sampling will be conducted in the upcoming field season to evaluate the extraction characteristics of REEs.
Two new prospects, Swordfish and Horseshoe, show promise for REE mineralization at the Arkun project—drilling and sampling for metallurgical tests planned for the next two quarters.
About Impact Minerals
Impact Minerals is an Australian exploration company listed on the ASX in 2006. They have over 4,000 km2 of tenement holdings in Australia that contain high-grade mineral deposits including gold, silver, lead, zinc, copper, nickel and PGM’s. The company’s experienced directors aim to create wealth for shareholders through project evaluation and the establishment of profitable mining operations.
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