Short Term Trading Week Starting: 10 July, page-41

STTCOMP IPT FA LONG

Impact Minerals

MC $40M
SP 1.4 cents

I tipped this several weeks ago when it was 1.2 cents (reached 1.6 cents). Currently trading around 1.4 cents. The catalyst for another move is the company is preparing a scoping study for the Lake Hope HPA prospect which it has signaled it will release some time in July or August.

Management has been very active in promoting this prospect and appears to genuinely believe in it. IPT released a maiden resource estimate of 3.5 million tonnes at 25.1% alumina (Al2O3) for a contained 880,000 tonnes of alumina. https://announcements.asx.com.au/asxpdf/20230619/pdf/05qrzfszwsz9sq.pdf

IPT did a CR at the beginning of May to raise $4M at 1.2 cents. Currently sufficiently cashed up to progress the prospect. https://announcements.asx.com.au/asxpdf/20230501/pdf/05p7j11tc2b699.pdf

As a part of management's promotion this is a recent video.