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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	IPT
Latest Price:	0.03 (0.00%)
52-week High:	0.10
52-week Low:	0.03
Market Cap:	4.03M

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Impact Minerals

Impact Minerals (ASX: IPT) was established to explore for deposits of uranium, gold and nickel and listed on the ASX in November 2006. The company has extensive tenement holdings in Australia and Africa: a portfolio of six projects with the potential for World Class deposits of nickel and significant deposits of gold and uranium.

Impact Minerals starts maiden drill programme for uranium in Botswana

Wednesday, December 09, 2009

Impact Minerals Limited (ASX: IPT) has kicked off the first of its drill programme to test several large uranium targets at the Lekobolo Prospect, located within the Botswana Uranium Project.

Impact’s Botswana Uranium Project covers 350 km of the strike extensions of rocks that host many significant uranium deposits throughout southern Africa, including Kayelekera in Malawi and Letlhakane in Botswana.

The large Letlhakane Project is owned by A-Cap Resources Limited which has reported an Indicated and Inferred Resource of 344 Mt at 152 ppm using a 100 ppm cut-off for 116 Mlb of uranium oxide in deposits hosted by near-surface calcrete and by Karoo Group sedimentary rocks.

A programme of about 60 holes for 3,000 metres of reverse circulation drilling is underway to test areas of anomalous uranium-in-soil responses 20 km along strike from the Letlhakane Project.

The drill programme is anticipated to finish within a few weeks and assay results are expected in January.

A second drill programme is currently being planned to commence in early 2010, weather permitting, to follow-up other priority uranium targets within Impact’s Prospecting Licences and to follow-up results from the current drilling programme as appropriate.

Further soil geochemistry programmes are also being planned and will commence as soon as possible in 2010.

Impact’s targets in Botswana have the potential to host very large deposits of uranium mineralisation in a country ranked in first place by the Fraser Institute in its 2009 survey of Mining jurisdictions in Africa.

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