Australia's Impact Minerals up on mineral resource estimate at WA project

Impact Minerals

19/06/2023 05:57

** Shares of Impact Minerals  IPT.AX  jump as much as 19.2%
to A$0.0155, their highest since April 22, 2022
    ** Co announces maiden mineral resource of 3.5 mln tonnes at
25.1% alumina for a contained 880,000 tonnes of alumina at the
Lake Hope High Purity Alumina project in Western Australia
    ** Says 88% of the resource is in higher confidence
Indicated Resource category
    ** IPT adds "this unique resource could provide multi-decade
delivery of a mineral product recently added to Australia's
Critical Mineral list"
    ** Co to focus on completing scoping study, lodgement of a
mining lease application in Q3, among other activities 
    ** More than 20.8 mln shares have changed hands, vs the
30-day average of about 4.6 mln shares 
    ** Stock up ~85.7% YTD, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))