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IPT, IMPACT MINERALS LIMITED
nipper
post Posted: Nov 7 2017, 06:02 AM
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QUOTE
Like any self-respecting miner, Mike Jones experienced his Pilbara gold epiphany at the front bar of Kalgoorlie's Palace Hotel late one night during a Diggers & Dealers bash. The Impact managing director had been shown photos of the Pilbara nuggets unearthed by Novo and Artemis, the parties credited with starting the fossicking craze in the district.

"I phoned the office and said take any available ground. We were able to peg 1300 square kilometres of ground in the East Pilbara probably two months before the big rush started," Jones says

First-mover benefit aside, Impact's other advantage is that Jones has studied South Africa's Witwatersrand, the formation that has produced half the world's gold (and to which the Pilbara discoveries have been compared). In the early 1990s Jones completed a PhD on gold formation in an age-equivalent sandstone basin adjoining the Witwatersrand.

The conundrum with the Pilbara is that while the distinctive "watermelon seed" nuggets have been equated with the age-old Witwatersrand, a formation similar to the 7km thick South African basin is yet to be found. Jones says the Pilbara explorers so far have found nuggets transported as fragments from somewhere else. "But from where and from how far? That's the question no one yet has an answer to."

Some spoilsports claim there's unlikely to be enough source material to emulate a Witwatersrand. Jones contends the Pilbara nuggets weren't exactly nuggets in the first place, having been chemically leached from a source vein and turned into nuggets by complex geological forces.

The gold could have been transported into the basin by hot geothermal fluids and dumped into algal "mats", where they were reworked as nuggets. This theory was also a driver for Novo's president Quinton Hennigh. The significance is that with Mother Nature dispersing the gold far and wide in fluids, the nuggets don't necessarily have to have come from older veins and this obviates the reliance on a source rock. "I am quite amused by some of the uninformed opinions I have seen on the web concerning the source of the nuggets and the limitations this places on the exploration potential," Jones said.
Tim Boreham edits The New Criterion.

Impact has just completed a $2.5m placement at 2c, lifting its cash balance to $5m, to be used in the Pilbara as well as further drilling on the Commonwealth gold, silver and base metals project near Orange in NSW.





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
Pub Lunch Man
post Posted: Aug 24 2009, 08:10 AM
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The below information is designed to benefit existing IPT holders and potential new investors:

AFRICAN PROJECTS

Botswanna 100% owned Uranium Project

◆ IPT's tenements cover 25,000 square kilometres or 1/20th of Botswanna- before the end of the year they will start drilling 500m away and along strike from the large 98Mlb Letlhakane uranium deposit owned by A-Cap Resources (ACB)

◆ ACB approached IPT about farming into their neighbouring project in Botswanna- instead IPT went direct to Polo and as a result they took nearly a 20% stake in IPT before the drill bit hit the dirt

◆ The current Inferred Resources of ACB's Letlhakane Uranium Project comprises 280 Million tonnes at a grade of 158ppm U3O8 for 98 million pounds of U3O8 (44,500 tonnes) a cut off grade of 100ppm.

◆ In Botswanna, Impact has identified six targets which ALL have the potential to host uranium deposits similar to ACB's Letlhakane deposit and BHP's Yeelirrie deposit the worlds largest calcrete deposit with 56,000t of uranium oxide- one of IPT's target's in Botswana covers tens of square kilometres

Southern Africa

◆ IPT has formed a strategic alliance with Impala Platinum to explore for and develop platinum group metals deposits in southern Africa- reconnaissance field work on several areas of interest has recently commenced

AUSTRALIAN PROJECTS

In WA, the adjacent Quinns Lake and Yarrabubba projects boast significant exploration potential for uranium and nickel-copper deposits. The Nowthanna uranium deposit lies within both of these projects:

Nowthanna Uranium Deposit

◆ Impact owns 4Mlb of the resource at the Nowthanna uranium deposit- Mega Uranium's recent deal with the Japanaese has placed an indicative value on comparable WA uranium projects with their Lake Maitland in-ground deposit valued at about $A12 per pound

◆ The Nowthanna uranium deposit (excluding all Impact's other projects) is worth 51cps to IPT

Other Projects

◆ Follow up work at IPT's Yarrabubba nickel sulphide project (JV with CITIC Nickel Australia) is planned with detailed mapping and sampling later this year

◆ QLD Drummond Basin Gold Projects- JV partner discussions continuing with a number of major companies

Potential New Projects

◆ The Company continued to review the Direct Shipping haematite Ore (DSO) and magnetite iron ore projects in Australia

JB


 
Sylvester
post Posted: Jun 9 2009, 07:04 AM
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In Reply To: Sylvester's post @ Jun 8 2009, 06:36 AM

Watch todays open Bruno, better still act on it as IPT is gonna roll !!!! the cat.

 
Sylvester
post Posted: Jun 8 2009, 06:36 AM
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Bruno, its time, Polo is on board, of course ASX closed to-day, but suggest you make a move on the open! Cheers the cat.

 
Pub Lunch Man
post Posted: Jun 5 2009, 05:45 PM
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In Reply To: Sylvester's post @ Jun 5 2009, 08:33 AM

Hi Sylvester,

Amazingly cheap IMO at 22cps- at this price the market values IPT's Nowthanna Project uranium at A$2.71 per pound!!!

“At a 200 ppm cut-off grade and an exchange rate of A$1 to US$0.70, the Mega agreement values the uranium oxide in the Lake Maitland deposit at about A$11 per pound,” Dr Jones said."

“By comparison with Impact’s recent share price of around 6.5 cents and on the basis that no value is ascribed to the Company’s other African and Australian uranium, gold and nickel interests - Impact’s total enterprise value is less than 80c per pound of uranium oxide for our Nowthanna entitlement."

http://www.impactminerals.com.au/files/150-news.pdf

JB

 
Sylvester
post Posted: Jun 5 2009, 08:33 AM
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Dark horse based in Western Australia, players appear to be building, worth watching, U prospects in Aust, PT prospects S Africa.

 

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Pub Lunch Man
post Posted: May 10 2009, 07:27 PM
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In Reply To: Sylvester's post @ May 9 2009, 05:40 PM

Hi Sylvester,

From my calculations the Nowthanna Uranium Deposit (excluding their other projects) is worth 80cps alone to IPT considering Mega Uranium's recent (in-ground valuation) deal at their "geolocially similar" uranium project:

From last week's Quarterly Report:

Nowthanna Uranium Deposit

"options are being considered in light of the recent announcement by TSX listed Mega Uranium Limited that it had reached an agreement to sell, by farm out, 35% of its Lake Maitland uranium deposit in Western Australia for US$49 million to a consortium of Japanese nuclear power production companies. The deposit is located 250 km east of, and is geologically similar to, the Nowthanna uranium deposit.

At a 200 ppm cut off grade and an exchange rate of A$1 to US$0.70, the agreement announced by Mega Uranium values the uranium oxide in the Lake Maitland deposit at about A$11 per pound.

By comparison, at the recent share price of 5.5 cents, Impact Minerals' total enterprise value is less than 75 cents per pound of uranium oxide for its share of the resource at Nowthanna (on the basis that no value is ascribed to the Company's African assets or Australian gold and nickel projects). This suggests considerable value is still to be unlocked from Impact's part-ownership of the deposit."

JB

 
Sylvester
post Posted: May 9 2009, 05:40 PM
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Posts: 147


In Reply To: tibbs's post @ Apr 15 2007, 11:20 PM

Hi Tibbs, Appreciate an update re your opinions on IPT, I have been accumulating low key over the last 3 months albeit backing my intuition. Cheers, Sylvester trading and playing out of Merredin in the WA wheatbelt.

 
Sylvester
post Posted: Mar 19 2009, 07:27 AM
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In Reply To: bigjack's post @ Jun 26 2008, 10:39 AM

Appreciate any recent info on IPT if anyone can supply the same.

 
bigjack
post Posted: Jun 26 2008, 10:39 AM
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In reply to: RADIO on Tuesday 22/04/08 10:29am

   4.3 m at 959 ppm eU3O8 from 0.9 m in QL0031;
 
   3.8 m at 815 ppm eU3O8 from 1.9 m in QL0034; and 
   3.5 m at 678 ppm eU3O8 from 1.5 m in QL0035.
 
These numbers look fantastic to me....can anyone explain why this stock is still sleeping?

 
 


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