This is an old presentation from when Impact Minerals had Mulga Tank almost 10 years ago.
It is well worth watching the first 15 mins or so if you can sit through the cringe worthy CEO.
Impact just looks like they chased every shiny new thing, spreading themselves too thin thinking they could drill a few projects and do corporate deals all at the same time, unlike or CEO who has remained focus.
https://fnncompanypresentations.s3.amazonaws.com/Impact_Minerals_Limited_281013/html5.html
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