Impact Minerals (ASX: IPT) Secures 82 g/t Gold Ground at Broken Hill – Here’s What Investors Need to Know

Impact Minerals adds Huonville near Broken Hill ahead of 2026 drilling

Impact Minerals (ASX: IPT) just bought the Huonville gold district for AUD $150,000, completing a decade-long strategy to control the land around Broken Hill. The company now holds 1,800 km² surrounding one of the world’s great mines. With historical gold grades up to 82 g/t and drill targets lined up for early 2026, this micro-cap explorer has built a strong position. But with the stock trading near analyst targets, timing matters for new investors.

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Why This Acquisition Matters

The Huonville goldfield saw its most concentrated historical production between 1931 and 1935, though the region has remained a focus for exploration for decades. Miners at the Panama Hat workings pulled out rock grading up to 82 g/t gold, along with silver, bismuth, and copper. That mix of metals is important. It matches the fingerprint of iron-oxide-copper-gold (IOCG) deposits, the same type that hosts Olympic Dam.

Government mapping by consultants Kenex flagged Huonville as a potential IOCG target. But past drilling missed the high grades seen at the surface. The holes were poorly angled and too shallow. The real prize likely sits deeper, where nobody has looked yet.

Managing Director Dr Mike Jones called the deal “the final piece of the jigsaw at Broken Hill.” Impact paid just AUD $25,000 cash and AUD $125,000 in shares, plus a 1% royalty. That is cheap for the ground with this potential.

Multiple Exploration Targets for 2026

Impact Minerals is not betting on one project alone. The company is running magnetotelluric surveys right now to find drill targets for early 2026. Its work with the BHP Xplor program in 2023 helped build a new theory: large copper deposits may hide beneath the famous silver-lead-zinc lodes at Broken Hill.

The Platinum Springs prospect already delivered world-class results. Previous drilling hit 0.6 metres grading 25.6 g/t palladium and 11.5 g/t platinum, with 7.6% copper and 7.4% nickel. These grades are exceptional anywhere in the world. The mineralisation remains open along strike.

Impact Minerals also owns the Lake Hope High Purity Alumina project in Western Australia. A pilot plant is nearly ready, and the recent integration of membrane technology has achieved greater than 94% purity for sulphate of potash by-products. This is significant because potash sales could help offset HPA production costs.

The Investor’s Takeaway for Impact Minerals

Here is the honest picture. Impact trades at AUD $0.071 with a market cap of approximately AUD $34 million. The analyst consensus sits around AUD $0.07 with a Hold rating, meaning the stock is fairly valued at current levels.

The company burns cash. FY2025 figures show a net loss of AUD $9.02 million, up from AUD $6.75 million in FY2024, driven by investment in the Lake Hope Pre-Feasibility Study. Impact Minerals has no revenue. Future capital raisings will dilute shareholders.

So why watch this stock? Because exploration success changes everything. Impact controls prime ground around a legendary mining district. It has multiple targets across different deposit types. The 2026 drilling program could deliver news that forces analysts to rethink their targets.

Our view: The strategic land position, Lake Hope’s improving economics, and upcoming drilling catalysts make Impact Minerals worth watching. But with the stock at analyst targets and cash burn elevated, we would wait for a pullback below AUD $0.06 or positive drilling results before buying.