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Impact Minerals Limited (ASX:IPT)

ALERT: Price-sensitive ASX Announcement for IPT
Current share price for IPT : $0.043 -0.005 (-10.42%)+
Announcement
Release
5 May 2026 9:50AM
Price at Release
$0.048
Full Release
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Summary
Impact Minerals Limited has reported a significant new discovery at the Silica Hill prospect within the Commonwealth Project in New South Wales, Australia. The discovery includes exceptionally high-grade silver-gold mineralisation, with grades up to 20,603 g/t silver and 27 g/t gold, located 100 meters outside the existing mineralised envelope. This discovery has expanded the known mineralised system significantly, and the mineralisation remains open in all directions. A new phase of drilling will commence in June to explore extensions and potentially higher-grade zones at depth. The project is being progressed under a joint venture agreement with Kuniko Limited, which can earn up to a 70% interest by meeting staged exploration expenditures.
Key Points
  • High-grade silver-gold mineralisation discovered at Silica Hill with bonanza grades of up to 20,603 g/t Ag and 27 g/t Au.
  • Drill hole CMKNI004 returned 84m @ 0.6 g/t Au, 123 g/t Ag, including 0.5m of massive sulphide vein yielding 20,603 g/t Ag and 27 g/t Au.
  • Mineralisation lies 100m outside of previously defined limits, indicating significant potential for expansion.
  • Phase 2 drilling to commence in June, aiming to extend mineralisation at depth and along strike.
  • Impact Minerals holds a 30% interest in the Commonwealth and Silica Hill projects under a JV with Kuniko Limited.
  • Silica Hill system exhibits both high-grade vein-hosted and broad disseminated sulphide mineralisation.
  • The mineralised system remains open in all directions, presenting considerable exploration potential.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.