Impact Minerals: Acquires Dinninup project, WA

Impact Minerals Acquires Dinninup project, WA

• Impact Minerals (IPT) acquires the Dinninup project in southwest Western Australia
• The company paid the vendor $20,000 in cash and will issue three million options exercisable at 2.4 cents within three years
• Dinninup covers 485 square kilometres and recent soil geochemistry work highlighted nine high-priority targets prospective for a range of battery and strategic metals
• Impact says the results indicate “untapped potential” in an area where there has only been previous exploration for bauxite
• IPT shares have dropped 6.25 per cent to trade at 1.5 cents