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Impact Minerals Ltd.

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Summary

Project:

Broken Hill

Deposit:Red Hill
Location:Australia
Commodities:Copper-Nickel-PGM-Silver-Gold
Date:5/8/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:8-5-2020: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Red Hill deposit at the Broken Hill project. Drilling results incl. 29m @ 10.9g/t PGM (incl. Au), 2.3% Cu, 0.4% Ni, 58ppm Ag from 0m. High grades of the rare platinum g
Resources:x
CP/QP:[Overall Report]: Mike Jones (Internal)
ABSTRACT:High grades of the rare platinum group elements rhodium, iridium, osmium and ruthenium have been returned from new assays from seven previously drilled diamond drill holes at the Red Hill prospect within Impact Minerals Limited’s (ASX:IPT) 100%-owned Broken Hill Project in New South Wales. The drill holes had previously only been assayed for palladium and platinum and a total of 12 out of the 13 drill holes completed returned robust widths and grades of these two PGE’s together with significant gold, copper, nickel, cobalt and silver credits (Figure 1 and ASX Releases October 23rd 2015, October 26th 2015, November 2nd 2015, November 9th 2015, December 8th 2015, January 29th 2016 and March 3rd 2017). Seven holes with high grades of palladium and platinum were selected for full-suite PGE analysis by fire assay (with nickel sulphide collection) for rhodium, iridium, osmium, ruthenium, palladium, platinum and gold. These particular holes were selected because they intersected up and down-dip extensions of the previously reported spectacular intercept from RHD012 (Figure 1 and ASX Release October 23rd 2015). This hole returned

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