Impact (ASX:IPT) investigates potential titan at Arkun rare earths in South West

Impact (ASX:IPT) investigates potential titan at Arkun rare earths in South West

April 19, 2024 Off By Jack Baker

Impact Minerals drillers are hard at work over a large soil anomaly at a Hyperion prospect it believes can be transformed into a full-sized clay-hosted deposit at its Arkun project in South West Western Australia.

The anomaly named for titan in Greek mythology covers a minimum three-square-kilometre area with averages exceeding the 1000 parts per million total rare earth oxide mark.

Hyperion peak values are 5880ppm while its neodymium and praseodymium ratios average about 20 per cent.

The values are some of the highest TREO-in-soil results to add to the swell as Western Australia rides a rare earth wave.

Impact is taking a closer look at the prospect, with a 40-hole 2000-metre aircore drilling campaign.

Drillers are testing the depth and rare earth content of the weathered zone while taking samples for metallurgical testing, given the depth, thickness, and nature of mineralisation at Hyperion is still unknown.

Heavy rare earth content averaging between 54ppm and 200ppm has encouraged Impact on a quest to discover the sought-after elements close to surface, and geophysical modelling has suggested a hefty volume of shallow rare earth clays.

But the proof of an economic deposit is more about metallurgy than assayed grade, and samples from the drilling campaign could prove pivotal in demonstrating an easily extractable deposit.

There are several other rare earth soil geochemistry anomalies to be tested at Arkun with the Swordfish and Horseshoe prospects next off the rack if extraction characteristics prove viable toward defining a resource.

Impact recently upped its southwest stake to be the bearer of 2900 square kilometres of fully owned territory in a region of WA which has historically received a sliver of the state’s exploration funding.

But there are certainly minerals to be found and developed, and Impact expects its maiden drill results to come in towards the end of the second quarter.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005

Stewart Walters
Managing Director
+61 414 644 166

Amanda Ellis
+61 438 003 868

Important links

Follow us