The Yarrabubba Project covers a large (>50 km) diameter meteorite impact structure that has similar geological features to those at the large Sudbury mining camp in Canada, and that has produced about 20% of the world’s nickel.

A program of 12 holes for about 3,000m of reverse circulation (RC) drilling is underway to test two areas of coincident nickel-in-soil responses and magnetic anomalies identified in detailed airborne geophysical data.

The company said that the drilling program is anticipated to take three weeks and assay results are expected in December.

Impact has a 20% share of the Yarrabubba Project and is in joint venture with CITIC Nickel Australia (60%) and four private investors (20%).