The company has now received initial approvals to drill the wholly-owned prospect, which is located in New South Wales’ Lachlan Fold Belt.
At Aspley, geochemical and geophysical work has firmed up a number of targets over 4sq km.
Impact says the anomalies at Aspley have similar characteristics to major alkalic porphyry copper-gold deposits such as Newcrest Mining’s (ASX: NCM) Cadia and the privately owned Northparkes operation in the region.
The company plans to begin drill pad preparation next week, with drilling to begin in a few weeks once the rig has finished elsewhere.
Impact plans to carry out 3,000m in reverse circulation drilling at priority targets.
Advancing other projects
In addition to advancing Aspley, Impact is actively exploring its other projects. It has received the final assays from drilling at the Plat Central prospect within the platinum group element-copper-nickel Broken Hill project in NSW.
Impact noted at Plat Central it has defined a number of Kambalda-style channels that host high-grade PGM-copper-nickel mineralisation.
The company is now interpreting assays and drill data.
Over in Western Australia, Impact is also exploring the Arkun PGM-copper-nickel project and the Doonia asset which is prospective for gold.
At Arkun, Impact is interpreting magnetic data from a regional airborne survey. This information will be used to define major structures and target host rocks similar to Chalice Mining’s (ASX: CHN) Julimar discovery which is a magmatic nickel-copper-PGM deposit.
Once the Doonia tenement has been granted, Impact hopes to make a similar discovery to the one Lefroy Exploration (ASX: LEX) has made at the nearby Burns project which is only 20km away.
Impact noted there are “two strong geological similarities” between Doonia and Burns.