🕐10.02.10 - 07:06 Uhr

Impact Minerals - uranium targets confirmed at Kodibeleng Prospect, Botswana



Market Cap
A$20m ($0.17 p/s)
Issued Capital
117,403,328
Directors
Peter Unsworth
Chairman
Michael Jones
Managing Director
Rodney Fripp
Executive Director
Paul Ingram
Non-Executive Director
Mark Pitts
Company Secretary
www.impactminerals.com.au
309 Newcastle Street
Northbridge
Western Australia 6003
tel +61 (8) 6454 6666
fax +61 (8) 6454 6667
email

ASX ANNOUNCEMENT
ASX: IPT
Date: 10th February 2010
Number: 135/100210
URANIUM TARGETS CONFIRMED AT
KODIBELENG PROSPECT, BOTSWANA
SUMMARY
• Soil geochemistry results from Impact"s Kodibeleng Prospect
within its 100%‐owned Botswana Uranium Project has
defined numerous significant uranium‐in‐soil anomalies up
to 10 km long and 2 km wide;
• At least four targets for priority work within near‐surface
calcretes and within Karoo sedimentary rocks have been
identified;
• These targets have not been drilled;
• Follow up field checking and selection of specific areas to be
drilled has commenced, with the aim of maiden drilling at
Kodibeleng as soon as possible;
• Impact is progressing similar soil programs at two other
priority areas within its Prospecting Licences in Botswana;
• Interpretation of the soil geochemistry results from the Sua
Prospect is in progress and will be reported in March; and
• Drilling at Lekobolo is complete.

Down‐hole radiometric
probe work is in progress and results are expected to be
reported in March.
Introduction
Impact"s Kodibeleng Prospect is located 160 km along strike from and covers the south
western extension of the host rocks to the uranium mineralisation at the large Letlhakane
uranium project (A‐Cap Resources Limited) that covers an area of about 30 sq km (Figure 1).
Kodibeleng is one of three linear zones, including Shoshong and Ikongwe, of low‐lying
topography with weak to modest response in the airborne radiometric data that have been
identified as areas for follow up exploration (Figure 2).

In part these zones reflect ancient
calcrete drainage channels within Kalahari sediments.
The Kodibeleng trend is also interpreted, from field surveys and some old coal exploration
holes in the area, to contain very much older channel‐like features in the Karoo sedimentary
rocks.

These are also prospective for uranium mineralisation.
The geological setting at Kodibeleng is very similar to that at Letlhakane.
There has been no previous drilling for uranium in the Kodibeleng area.
Soil Results at Kodibeleng
Impact"s soil survey at Kodibeleng comprised 945 samples taken at 500 metre intervals along
lines one kilometre apart, and covering an area of 468 sq kilometres.

The samples were
analysed for uranium by the MMI‐M method at SGS Laboratories in Perth.
The soil results have defined a very large area up to 30 km long and 6 km wide that trends
north west to south east and contains elevated uranium‐in‐soil values of between 5 and 200
times background (Figure 3).
This area is centred on the contact between Karoo rocks to the west (covered in places by
younger Kalahari rocks and sand) and by older rocks to the east in a similar geological
position to Letlhakane (Figures 1 and 3).
Within this large area there are at least four targets for further work and that cover about
36 square kilometres of Impact"s Licence area (Figure 3).

These targets are defined by
uranium responses greater than 20 times background with one area up to 4 sq km in size
containing values greater than 100 times background and up to 200 times background.
Follow up field checking and selection of specific areas for drilling as soon as possible, access
and weather permitting, is in progress.
The uranium‐in‐soil results at Kodibeleng are significant and support the high prospectivity
for both Karoo and calcrete‐hosted uranium mineralisation within Impact"s extensive ground
holdings.
Additional Soil Sampling Programs
Interpretation of the soil geochemistry results from the Sua Prospect is in progress and will
be reported in March;
Soil sampling programmes on the two other priority Prospects identified by Impact at
Shoshong and Ikongwe are being planned and should be underway by early March (Figure
2).
First pass drilling at Lekobolo Complete
Drilling at Impact"s Lekobolo prospect immediately adjacent to the Letlhakane Project is now
complete.

Down‐hole radiometric probe work is in progress and results are expected to be
reported in March.
Dr Michael G Jones
Managing Director
Impact"s Botswana Uranium Project (100% Impact)
Impact"s Prospecting Licences in Botswana cover 350 km of the strike extensions of rocks that
host many significant uranium deposits throughout southern Africa, including Letlhakane
(Figure 1).
The large Letlhakane Project is owned by A‐Cap Resources Limited which has reported an
Inferred Resource of 98 Mlb of uranium oxide at an average grade of 158 ppm at a cut‐off
grade of 100 ppm, in deposits hosted by near‐surface calcrete and by Karoo Group
sedimentary rocks.
Impact"s licences are prospective for three types of uranium deposits:
• deposits hosted by Karoo sedimentary rocks, which host a number of large uranium
deposits throughout southern Africa, including at Letlhakane;
• uranium hosted by calcrete in Cainozoic palaeochannels, a style of mineralisation well
known in Australia and Namibia; and
• deposits within playa (salt) lakes which, in Australia and elsewhere in Africa, are
known to host significant uranium deposits.
Impact has identified 18 areas for follow up work with a combined strike length of more than
400 km within its licences (Figure 1).

These generally comprise elongate regions within
which there are variably exposed calcrete outcrops and/or outcrops of prospective Karoo
sedimentary rocks.

Many have elevated surface uranium responses in the regional airborne
radiometric data and in ground spectrometer readings.
The Kodibeleng Prospect is one of five priority targets identified by Impact (Figure 1 and
ASX release dated 8th September 2009) and is not well defined in the airborne radiometric
surveys.

It was identified by ground reconnaissance work.

The other four priority targets are
Lekobolo, Sua, Ikongwe and Shoshong.
Impact"s targets in Botswana have the potential to host very large deposits of uranium
mineralisation in a country ranked in first place by the Fraser Institute in its 2009 survey of
Mining jurisdictions in Africa.
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 experience which is
relevant to the style of mineralisation and types of deposits under consideration and to the activity
which he is undertaking to qualify as a Competent Person as defined in the December 2004 edition of
the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves (the
JORC Code).

Mike Jones has consented to the inclusion in the report of the matters based on his
information in the form and context in which it appears.
Figure 1.

Geology and Location of Priority Targets within Impact"s 100%‐owned
Botswana Uranium Project.
Figure 2.

Image of the Kodibeleng and adjacent Prospects.
Kodibeleng
Ikongwe
Shoshong
Figure 3.

Uranium‐in‐soil results at Kodibeleng.




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