$PACXF / $PAC.V Drummond East Pty – owned by Impact Minerals Limited (ASX: IPT) – owns seven tenement licenses for a total of 1,126 sq km. This will be a crucial acquisition for PAC as the “previous exploration indicates at least 90 km of prospective Fortescue Group conglomerates occurring at or near-surface on its granted licenses,” the company said. Also, the worth of these licenses can be gathered from the fact that all these sites are close (and some are adjacent) to key sites managed by Kairos Minerals Ltd. (ASX: KAI) and Novo Resources Corp.

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