#AussieMining

[colitco]

📣 Impact Minerals Expands to 1,770 sq km at Broken Hill – Strategic Acquisition Strengthens Copper Exploration Plans

Impact Minerals Limited (ASX: IPT) has secured a substantial landholding near the iconic Broken Hill silver–lead–zinc mine, acquiring a 675 sq km tenement package from New Frontier Minerals Limited (ASX: NFM). This move significantly enhances Impact’s copper-focused exploration strategy in western New South Wales.

💰 Share Price: $0.0080

🔹 Key Highlights:

✅ Expanded Tenure – Impact now holds 1,770 sq km of ground, with over 100 km of strike, surrounding one of the world’s greatest mines. ✅ Exploration Backed by BHP Xplor – Builds on a novel copper exploration model developed during Impact’s participation in the 2023 BHP Xplor program. ✅ Copper Potential Confirmed – Mapping and sampling of 99 gabbro sills has identified multiple high-priority targets, including within the newly acquired ground. ✅ Next Steps: Ground Geophysics – Upcoming surveys will refine targets ahead of drilling. ✅ Acquisition Terms – Impact to acquire BHA No.1 Pty Ltd, a subsidiary of NFM, for $275,000 in IPT shares, subject to staged voluntary escrow over six months. ✅ Project Advancement Priority – The company’s immediate focus is on completing a Pre-Feasibility Study (PFS) to unlock further value from its growing copper portfolio.

🗣 Mike Jones, Managing Director of Impact Minerals: “This acquisition consolidates our position in the Broken Hill region and sets the stage for major copper discoveries based on innovative geological thinking.”

📈 Investor Outlook – The expansion comes amid renewed exploration interest in the Broken Hill district, supported by strong silver prices and longer-term demand for zinc and lead. With fresh targets, PFS development underway, and a clear strategy in place, Impact is well-positioned to advance its next phase of discovery.

🔗 More details & ASX release: https://colitco.com/impact-minerals-broken-hill-new-acquisition/

⚠️ This is not investment advice. Please do your own research before making any investment decisions.