18 Impact Minerals Ltd Annual Report 2023 Review of Operations continued Figure 14. Summed absolute soil assay values at the Horseshoe Prospect, showing combined anomalism in heavy (HREE ) and light (LREE) rare earth elements. Further details about the soil survey and the calculation of response ratios can be found in ASX Release dated June 1st 2023. The Horseshoe REE Prospect is a new and exciting target area for follow‑up work, including field checking and rock chip sampling. This work will commence in late 2023. Numerous other REE anomalies identified in the previous reconnaissance roadside soil geochemistry have yet to be followed up. Follow-up soil geochemistry surveys are in progress, with about 1,000 samples planned, to test some of these areas and other areas identified as prospective for nickel‑copper-PGM and lithium mineralisation. An interpretation of the nickel-copper-PGM and lithium results from the surveys reported here is still in progress. Impact has also engaged with SensOre (ASX: S3N) to help reprocess the HELITEM data and prospectivity mapping for Nickel and Lithium. They also apply integrated AI/machine learning algorithms to large datasets to fingerprint and “predict” locations for mineral deposits. This data will be synthesised to identify drill targets to complete a maiden drill program in 2024. NEXT STEPS
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