IMPACT MINERALS LIMITED Number: 500/130117
IMPACT RECEIVES RESEARCH AND DEVELOPMENT REFUND OF $1.07 MILLION
Impact Minerals Limited (ASX:IPT) is pleased to announce that it has received a refund of
$1.07 million from the Australian Tax Office for expenditure on research and development in the 2016 financial year.
The funds will be used to advance exploration at the Company's Silica Hill gold-silver discovery where drilling in 2016 returned very high grade gold and silver. For example, Hole CMIPT046 returned multiple high grade intercepts including:
0.3 metres at 23 g/t gold and 1,110 g/t silver within large bulk mineable widths:
41.3 metres at 2.0 g/t gold and 176 g/t silver from 61 metres.
The Silica Hill Prospect is part of the Commonwealth Project and located about 100 km north of Orange in NSW.
Yours faithfully
Dr Michael G Jones Managing Director
26 Richardson Street West Perth Western Australia 6003 Tel +61 (8) 6454 6666 Facsimile +61 (8) 6454 6667
Email info@impactminerals.com.au www.impactminerals.com.au
Impact Minerals Limited published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2017 01:35:06 UTC.
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