The Company has a 10% free carried interest in a number of nickel tenements in Western Australia since its life as a mining company in the mid 1990s.
The nickel tenements (PL 24/3179 to PL 24/3184 inclusive) are known as Siberia Tank and form part of the larger Kalgoorlie Nickel Project (KNP) being developed by Heron Resources (ASX code: HRR) in partnership with CVRD-INCO.
Impress Energy will continue to monitor progress of the KNP and will advise shareholders on achievement of significant project milestones.