Impact Minerals Limited · ASX:IPT
Impact Minerals — Corporate Update (March 2010)
13 slides from Impact Minerals's corporate update, Mar 26, 2010
Slide 1: Impact Reports Initial Uranium Results from Lekobolo, Botswana
Market Cap ASX ANNOUNCEMENT A$21m ($0.18 p/s) ASX: IPT For personal use only Date: 26 March 2010 Number: 139/260310 Issued Capital 117,403,328 IMPACT MINERALS LIMITED PRESENTATION BROADCAST Impact Reports Initial Uranium Results from Lekobolo, Botswana Impact Minerals Limited (IPT) is pleased to pro
Slide 2: Dr Michael Jones - Managing Director
For personal use only Dr Michael Jones ‐ Managing Director
Slide 3: Project Locations
Project Locations For personal use only Botswana – Uranium Australia – Uranium, Nickel and Gold Botswana Uranium Project Killarney Drummond West Quinns Lake Drummond East Clermont Yarrabubba Moly King Southern Africa – Platinum Group Metals and Nickel Largest Shareholder: China Growth Minerals Ltd:
Slide 4: Why Botswana?
Why Botswana? For personal use only • Ranked No. 1 in Mining in Africa by Fraser Institute 2009; Mjuku (Mantra) • Excellent access and infrastructure; • Very long record of democratic government and macroeconomic stability: • 43% of GDP in mining; • Significant uranium deposits located throughout th
Slide 5: Botswana Uranium Project
Botswana Uranium Project For personal use only • 100% Impact; 27,000 sq km with 350 km strike of very prospective Karoo rocks; • Tenements are north and south of A‐Cap’s 158 Mlb* Letlhakane uranium resource in similar geology; • Potential for Karoo, calcrete and lake sediment hosted Uranium deposits
Slide 6: Botswana Uranium - Prospects
Botswana Uranium ‐ Prospects For personal use only Lekobolo: Surface Geology Targets in Karoo Host Rocks: 1. Letlhakane analogue 463 Mt at 154 ppm for 158 Mlb U3O8 (100 ppm cut off) and 2. Kayelekera analogue Ore Reserve 12.6 Mt @ 1,053 ppm for 29 Mlb U3O8 (400 ppm cut off) 5
Slide 7: Lekobolo Drilling Results: Soil Geochemistry
Lekobolo Drilling Results For personal use only SOIL GEOCHEMISTRY RESULTS • Very large area of 16 km x 7 km with elevated results; • Within this 110 sq km area at least 6 areas covering 30 sq km warrant further work; and • One area successfully tested with reconnaissance drilling. 6
Slide 8: Lekobolo Drilling Results
Lekobolo Drilling Results For personal use only • 27 out of 59 holes returned anomalous uranium intercepts; • Significant mineralisation defined at eastern end of area tested; and • Many soil and drill results remain to be followed up. 7
Slide 9: Lekobolo Drilling Results
Lekobolo Drilling Results For personal use only • Mineralisation occurs at or near surface and extends for 3 km; • High grade intercepts occur at contact of mudstone with sandstone and conglomerate 8
Slide 10: Lekobolo Drilling Results
Lekobolo Drilling Results For personal use only • Drilling at Lekobolo is very broad spaced (400‐500 m by 1,000 m) • A section from the adjacent Mokabaesi Deposit (part of Letlhakane) is shown at same scale for comparison. 9
Slide 11: Mokobaesi Drilling Results (A-Cap)
Mokobaesi Drilling Results (A‐Cap) For personal use only 15 m 700 m Mokobaesi: mineralisation (about 30 Mlb) extends over an area of about 1,000 m by 1000 m (50 m drill spacing) Lekobolo: mineralisation extends over an area of about 3,000 m by 500 m (500 m drill spacing) POTENTIAL TO DEFINE A RESOUR
Slide 12: Investment Highlights
Investment Highlights For personal use only 27,000 sq km exploration portfolio in Botswana with world class uranium exploration potential: • Impact controls 400 km of strike uranium prospective rocks north and south of A‐Cap’s large Letlhakane Uranium Project. A‐Cap has started a BFS; • Drilling of
Slide 13: For personal use only
For personal use only The review of exploration activities and results contained in this report is based on information compiled by Dr Mike Jones, a Member of the Australian Institute of Geoscientists. He is a director of the company and works full time for Impact Minerals Limited. He has sufficient