Frequently Asked Questions (FAQs)
Who are Impact Minerals?
Impact Minerals is an Australian exploration company set up to explore for gold-silver-nickel-copper and Platinum Group Metals. It is an ASX listed company whose directors have extensive experience in mining and mineral exploration and a strong history of exploration success, business development and corporate management. Impact Mineral’s vision is to achieve growth through world class exploration and resource development.
How long has Impact Minerals been in operation?
Impact Minerals celebrated a decade in business in November 2016 after listing on the stock exchange in November 2006.
What projects has Impact Minerals been involved in?
The organisation has been involved in many projects across Australia and internationally since its inception in 2006. Most notable projects include the ongoing Commonwealth Project, the Broken Hill Project, Mulga Tank Project and Clermont Project. Impact Minerals has also worked in Botswana in Africa and in Turkey. In 2017, the Broken Hill platinum-copper-nickel project and the Commonwealth deposit, which is rich in gold, silver, zinc and lead are the main focus. Both are in mineral rich parts of NSW.
What is Andrew (Twiggy) Forrest’s involvement with Impact Minerals?
In 2015 Squadron Resources part of Andrew Forrest’s Minderoo Group announced it was investing in Impact Minerals. The funding injection was a welcome boost to the exploration company and Squadron has maintained its shareholding.
What is the Commonwealth Project?
The Commonwealth Project is a large gold and silver deposit about 95 kilometres North of Orange in NSW. Originally mined in the early 1900’s Impact Minerals has changed its exploration focus to a different part of the project called Silica Hill. They began working on the project nearly four years ago, and have had great results to date including the discovery of high grade gold and silver. In October 2016, they tripled their landholding around the project in the mineral rich Lachlan Fold Belt by applying for three additional exploration licences. In July 2017, Impact Minerals proceeded to the next phase of the project and began follow up drilling.
When did Impact Minerals begin working on the Commonwealth Project?
The Commonwealth Project was acquired on June 13 2013.
What has been discovered so far?
In 2016 Impact Minerals announced on the Australian Securities Exchange the discovery of high grade gold and very high grade silver mineralisation at Silica Hill, part of the Commonwealth deposit. New drilling has commenced on site with the expectation of further significant discoveries.
Will the Commonwealth Project become a mine?
It is still too early to tell if the Commonwealth Project will become a viable mine. However so far there are encouraging signs. Through regular public meetings and Community Newsletters, Impact Minerals will keep the community updated on each stage of development.
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