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Impact Minerals Limited (ASX:IPT)

ALERT: Price-sensitive ASX Announcement for IPT
Current share price for IPT : $0.040 -0.006 (-13.04%)+
Announcement
Release
10 Jun 2026 8:22AM
Price at Release
$0.046
Full Release
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Summary
Impact Minerals Limited, in collaboration with joint venture partner Kuniko Limited, is set to commence Phase 2 drilling at the Commonwealth-Silica Hill Gold-Silver Project in New South Wales, scheduled to start in early July 2026. This phase follows the successful completion of Phase 1, which achieved a 100% success rate in intersecting mineralization across all drill sites. The Phase 2 program targets extensions to identified mineralization at Silica Hill, Commonwealth Main Shaft, and Commonwealth South. Kuniko Limited has secured Titeline Drilling for the campaign, with plans for six diamond drill holes totaling approximately 1,340 meters, and potential for expansion based on geological reviews. The project lies within the Lachlan Fold Belt, a prominent mining region, and aims to validate and expand on existing mineral deposits with a focus on high-grade gold and silver zones. The joint venture allows Kuniko to earn up to a 70% stake in the project by funding exploration efforts, while Impact Minerals maintains a 30% interest.
Key Points
  • Phase 2 drilling commences in July 2026 at Commonwealth-Silica Hill.
  • Phase 1 drilling achieved 100% success in intersecting mineralization.
  • Kuniko Limited secured Titeline Drilling for the program.
  • Targeting extensions at Silica Hill, Commonwealth Main Shaft, and Commonwealth South.
  • Project located in the Lachlan Fold Belt, a Tier-1 mining region.
  • Joint venture agreement enables Kuniko to earn up to 70% by funding exploration.
  • Impact Minerals retains a 30% interest in the project.
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.