Impact Minerals Limited (ASX:IPT) has been granted a trading halt by the ASX pending an asset disposal announcement.
The halt will remain in place until the opening of trade on Friday, May 25, 2018, or earlier if an announcement is made to the market.
Impact’s shares have traded in the range of 1.2 cents to 1.4 cents in the past week.
Last week the company announced that it was nearing completion of an induced polarisation survey at its Clermont Gold Project in central Queensland.
The survey is designed to identify targets to be drill tested as soon as practicable.
Impact says drilling at Clermont will follow the completion of planned drilling at the Commonwealth Gold-Silver Project in Central West New South Wales scheduled to start by late June.
The company manages extensive tenement holdings of more than 2,000 square kilometres featuring significant potential for high-grade mineral deposits of gold, silver, lead, zinc, copper, nickel and PGMs.
These tenements are in New South Wales, Queensland and Western Australia with the most advanced project being Commonwealth.