"As highlighted in the previous quarter's report, significant progress was made on the Caligula copper prospect. However, during this quarter, there has been no major new activity at the Arkun Project.
During the quarter, 413 soil samples previously assayed for ionic leach were re-assayed to refine the drill targets at Beau and Caligula.
Of these:
• 238 samples from Beau were re-assayed for four acid digests.
• 175 soils from the northern part of Caligula were submitted for aqua regia digest analysis
Although no additional fieldwork has taken place this quarter, Impact remains committed to advancing the Arkun Project as soon as the cropping season in the Wheatbelt is finalised in December. Preparations are also underway to finalise land access agreements and necessary statutory approvals ahead of a planned drill programme in Q1 2025.
Previous geochemical surveys and data from the Mobile Magneto-Telluric (MMT) survey at the Caligula prospect continue to support a promising outlook for the project. Co-funding of up to $180,000 has been awarded under the WA Government’s EIS Scheme to drill the Caligula copper target.
We remain optimistic about the project's potential and will provide further updates as developments occur."
Cheers
.
IPT Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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