---
title: "Impact Minerals (ASX: IPT): Major drill targets identified at the Caligula Prospect"
description: Impact Minerals is pleased to share a key ASX announcement.
---

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# [Impact Minerals (ASX: IPT): Major drill targets identified at the Caligula Prospect](https://www.barclaypearce.com/blog/impact-minerals-asx-ipt-major-drill-targets-identified-at-the-caligula-prospect)

 Written by [Barclay Pearce Capital](https://www.barclaypearce.com/blog/author/barclay-pearce-capital) | Mar 13, 2025 11:26:17 PM

 

[Impact Minerals (ASX: IPT) ](https://www.linkedin.com/company/impact-minerals-limited/)is pleased to share that IPT has identified major drill targets at the Caligula Prospect.

 

### Announcement Highlights

- Infill soil geochemistry assays at the Caligula prospect have identified a coincident nickel-palladium-gold-chrome-cobalt anomaly characteristic of magmatic nickel-copper-PGM sulphides similar to the Gonneville deposit of [Chalice Mining Limited](https://www.linkedin.com/company/chalicemining/) (ASX:CHN).
- The anomaly lies over a very strong conductor identified in a Mobile Magnetotelluric survey(MMT) and an electromagnetic (EM) conductor identified in an airborne EM survey which are direct drill targets for sulphide mineralisation.
- Drill planning is underway for Q2, supported by a $180,000 co-funding grant from the WA Government EIS program awarded to Impact.

Congratulations to Dr <https://www.linkedin.com/in/ACoAAAMScCgBeGot-9TMtw2vqwEWto1hYik_RZw>[Mike Jones](https://www.linkedin.com/in/mike-jones-48831615/), the board and the team at Impact Minerals for reaching this milestone. 

Read the full Impact Minerals Company Update [here](https://www.barclaypearce.com/hubfs/Major%20drill%20targets%20identified%20at%20the%20Caligula%20Prospect%20-%20Impact%20Minerals.pdf).

*To learn more about Impact Minerals and stay up to date with investor information, subscribe to the Company's Chairman’s List.*  

[View full post](https://www.barclaypearce.com/blog/impact-minerals-asx-ipt-major-drill-targets-identified-at-the-caligula-prospect)

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