Impact Minerals Limited (ASX: IPT) has identified the presence of high grade and potentially economic rare platinum group metals (PGM) at its 87% owned Broken Hill Joint Venture Project in New South Wales (Figure 1).

Figure 1. Location of Broken Hill Joint Venture Project

The assay results received have substantially added to both the mineralised and economic appeal of the Red Hill prospect with the project area. The presence of the rare platinum group metals osmium, iridium, rhodium and ruthenium have increased the total grade of the recently discovered zones of high grade copper, nickel, platinum, palladium and gold mineralisation.

Highlights from both the Upper and Lower Zones at Red Hill (3PGM = platinum-palladium-gold and 7PGM = 3PGM + osmium, iridium, rhodium and ruthenium) include:

Upper Zone

• 9.5 metres at 4.7g/t 3PGM, 1.5% copper, 0.8% nickel including 5.1 metres at 11g/t 7PGM, 1.9% copper, 0.9% nickel and 5.2 metres at 7.9g/t 7PGM, 1.1% copper, 1.6% nickel

Lower Zone

• 9.9 metres at 6.7g/t 3PGM, 1.4% copper, 0.3% nickel including 4.2 metres at 11.8g/t 7PGM, 2.6% copper, 0.5% nickel and 13.8 metres at 6.6g/t 7PGM, 1.1% copper, 0.3% nickel

The company has identified six targets for further drilling at Red Hill. The drill program will be lodged shortly for statutory approvals.

For further information, visit www.impactminerals.com.au

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