New Risk • Apr 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$25.5m market cap, or US$18.0m). Announcement • Apr 08
Impact Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Impact Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing Announcement • Mar 30
Impact Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Impact Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • Mar 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.8m free cash flow). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$30.4m market cap, or US$21.6m). Announcement • Jan 24
Impact Minerals Limited (ASX:IPT) agreed to acquire Tenement EL8024 in Huonville gold district, 25 km southeast of Broken Hill, New South Wales from Sozo Resources Pty Ltd. for AUD 0.16 million. Impact Minerals Limited (ASX:IPT) agreed to acquire Tenement EL8024 in Huonville gold district, 25 km southeast of Broken Hill, New South Wales from Sozo Resources Pty Ltd. for AUD 0.16 million on January 23, 2026. A cash consideration of AUD 0.03 million will be paid by Impact Minerals Limited. The consideration consists of common equity of Impact Minerals Limited having a value of AUD 0.13 million to be issued for assets of Tenement EL8024 in Huonville gold district, 25 km southeast of Broken Hill, New South Wales.
Completion of the agreement is subject to ministerial approval. New Risk • Dec 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$2.37m (US$1.57m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.37m market cap, or US$1.57m). New Risk • Nov 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$28.5m market cap, or US$18.5m). Announcement • Oct 24
Impact Minerals Limited, Annual General Meeting, Nov 25, 2025 Impact Minerals Limited, Annual General Meeting, Nov 25, 2025. Location: 9 richardson street, west perth wa 6005, Australia New Risk • Oct 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$116k revenue, or US$77k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$24.7m market cap, or US$16.3m). New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$116k revenue, or US$76k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$28.8m market cap, or US$18.9m). Announcement • Sep 23
Impact Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Impact Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 207,829,023
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 407,555,593
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jul 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m (AU$116k revenue, or US$76k). Minor Risk Market cap is less than US$100m (AU$31.9m market cap, or US$20.9m). New Risk • May 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$116k revenue, or US$75k). Minor Risk Market cap is less than US$100m (AU$19.2m market cap, or US$12.5m). Announcement • May 12
Impact Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.632733 million. Impact Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.632733 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 272,122,172
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 333,333,333
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$116k revenue, or US$70k). Market cap is less than US$10m (AU$14.7m market cap, or US$8.86m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Mar 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$116k revenue, or US$72k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (AU$18.3m market cap, or US$11.5m). Announcement • Mar 12
Impact Minerals Limited (ASX:IPT) agreed to acquire BHA No.1 Pty Ltd from New Frontier Minerals Limited (ASX:NFM) for AUD 0.28 million. Impact Minerals Limited (ASX:IPT) agreed to acquire BHA No.1 Pty Ltd from New Frontier Minerals Limited (ASX:NFM) for AUD 0.28 million on March 10, 2025. Impact Minerals Limited will pay a common equity payment of AUD 0.28 million common equity. As part of consideration, AUD 0.28 million is paid towards common equity of BHA No.1 Pty Ltd.
The expected completion of the transaction is on or around March 10, 2025.
SI Capital Ltd acted as financial advisor for New Frontier Minerals Limited. Announcement • Feb 28
Impact Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5.244744 million. Impact Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5.244744 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 707,457,252
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 166,666,667
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.5% per year over the past 5 years. Revenue is less than US$1m (AU$116k revenue, or US$72k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$36.7m market cap, or US$22.8m). New Risk • Dec 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.5% per year over the past 5 years. Revenue is less than US$1m (AU$116k revenue, or US$72k). Minor Risks Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (AU$32.1m market cap, or US$20.0m). New Risk • Dec 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$4.36m (US$2.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.5% per year over the past 5 years. Revenue is less than US$1m (AU$116k revenue, or US$74k). Market cap is less than US$10m (AU$4.36m market cap, or US$2.77m). Announcement • Oct 24
Impact Minerals Limited Wins $2.87 Million in Federal Funding for Pilot Plant Work on the Lake Hope High Purity Alumina Project, WA Impact Minerals Limited announced that in collaboration with CPC Engineering and the Mineral Recovery Research Centre (MRRC) at Edith Cowan University, they have been awarded a grant of $2.87 million grant towards the commercialization of the company's innovative process to produce High Purity Alumina (HPA) from the Lake Hope deposit located 500 km east of Perth in Western Australia. HPA is on the list of critical minerals for Australia, Europe, and North America. The grant is provided under the Federal Government's Cooperative Research Centres Projects (CRC-P) program which fosters short-term, industry-led research collaborations. The grant is part of an estimated $6.4 million research and development project to be completed within three years and designed to provide Impact with the relevant information required to complete a Definitive Feasibility Study in that time frame. A key component of the grant funding will be to construct a pilot plant, which is a key goal for 2025, and this will provide consistent material for off-take and qualification trials. The research project brings together three groups with the unique assets and skills to bring the Lake Hope project to fruition. Impact has developed innovative metallurgical processes to produce HPA and fertiliser by-products from the salts in the Lake Hope deposit, which will be mined and trucked to Kwinana for processing. The mining and processing will have a minimal environmental footprint, with no on-site beneficiation required at the mine, nominal long-term rehabilitation requirements and one of the lowest Scope 1 and Scope 2 CO2 emissions of any HPA production process globally (ASX Release June 19th 2024). The Mineral Recovery Research Centre at ECU, led by Associate Professor Amir Razmjou, is a world leader in Membrane Selective Technology (MST) in which plastic or ceramic membranes are used to remove a wide variety of contaminants from reagents and water. The technology is well-established in water treatment, and the MRRC is adapting the technology to the mining industry. Impact believes MST to be a further game changer for producing HPA, and in particular, for cost-effective reagent regeneration and removal of contaminants in waste water. This, in turn, will lead to lower energy costs, emissions and, in particular, operating costs for the project. It adds to the overall small environmental footprint of the Lake Hope project and the research aims to design a "zero-liquid discharge" project to minimise or even eliminate waste from the process. CPC Engineering is completing the engineering design studies and estimates of the operating and capital costs for the proposed 10,000 tonnes per annum HPA plant as part of Impact's Pre-Feasibility Study on Lake Hope (ASX Release October 9th 2024). Eugenia Phegan of CPC, who has previous experience in building HPA pilot plants, recognised the potential of MST for Lake Hope and Impact thanks her for her insight and energy in helping design and complete the grant application as well as her on-going contribution to the Lake Hope journey. CPC will design, build and manage the pilot plant under the research project. In addition, Impact will also work with ECU and CPC to generate new uses for HPA. About the Grant and Future Directions: The CRC-P grant of $2.87 million aims to foster the development of competitive, sustainable, and productive Australian industries through strategic research collaborations. Impact Minerals, along with its partners, will fund the remainder of the $6.4 million project, being $3.53 million, with cash and in-kind contributions. Impacts contribution will be about $1.7 million, much of which will be potentially eligibility for the Research and Development rebate of 43%. Announcement • Oct 02
Impact Minerals Limited, Annual General Meeting, Nov 27, 2024 Impact Minerals Limited, Annual General Meeting, Nov 27, 2024. New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.1% per year over the past 5 years. Revenue is less than US$1m (AU$76k revenue, or US$51k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (AU$36.7m market cap, or US$24.7m). New Risk • May 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.1% per year over the past 5 years. Revenue is less than US$1m (AU$76k revenue, or US$51k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Market cap is less than US$100m (AU$57.6m market cap, or US$38.2m). Announcement • May 18
Impact Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Impact Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 150,000,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Transaction Features: Subsequent Direct Listing Announcement • Sep 11
Impact Minerals Limited, Annual General Meeting, Nov 23, 2023 Impact Minerals Limited, Annual General Meeting, Nov 23, 2023. New Risk • Sep 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.2m free cash flow). Earnings have declined by 7.9% per year over the past 5 years. Revenue is less than US$1m (AU$3.5k revenue, or US$2.2k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$35.8m market cap, or US$22.8m). Announcement • Feb 14
Impact Launches New Interactive Investor Hub Impact Minerals Limited announced the launch of the company's new interactive Investor Hub. For both existing and prospective shareholders, the new Impact Minerals Investor Hub hosts the latest company announcements, reports, and presentations. It also provides an interactive online experience allowing the Impact Minerals investor community to comment on and ask the Impact Minerals team questions regarding company news and information via the portal. Announcement • Nov 17
Impact Minerals Limited Commences Drilling At Broken Hill This Week Impact Minerals Limited announced that a diamond drill programme of up to 1,100m will commence this week at its newly named Yellowstone prospect and which is being funded by joint venture partner IGO Limited. The Yellowstone prospect is part of the greater Platinum Springs project area which lies at the southern end of the Moorkai Trend, a nine kilometre long ultramafic to mafic dyke and chonolith complex that is very poorly explored. Two diamond holes have been planned to test a significant electromagnetic (EM) conductor identified by IGO in an extensive ground EM survey completed across the project area earlier this year. The EM plate is located approximately 1,000 metres southeast along strike from the main Platinum Springs Prospect where previous drilling by Impact returned a narrow intercept of high-grade massive sulphide mineralisation in PSD002 that returned: 0.6 metres at 11.5 g/t platinum, 25.6 g/t palladium, 1.4 g/t gold, 7.6% copper, 7.4% nickel, 44.3 g/t silver, 0.16% cobalt, 1.3 g/t rhodium, 1.7 g/t iridium, 2.0 g/t osmium and 0.8 g/t ruthenium from 57.1 metres down hole. A down hole EM survey of PSD002 indicated the massive sulphide had a high conductance greater than 5,000 siemens and similar to that modelled for the new conductor. The new EM conductor has been modelled to have a high conductance of about 8,000 siemens and with the top edge of the modelled EM plate centred at a depth of about 350 metres below surface. It has a length of about 420 metres and extends for at least 85 metres down dip moderately to the south. Field checking by IGO identified ultramafic and mafic rocks that were possibly related to the target Moorkai Trend intrusion which is much younger (c. 825 Ma) than the majority of the rocks at Broken Hill (c. 1650 Ma). The Platinum Springs Prospect lies at the southern end of the Moorkai Trend, a nine kilometre long ultramafic to mafic dyke and chonolith complex that is very poorly explored. Although high grade rock chips occur along the entire Trend, only the southern end has been explored in detail but with limited success prior to Impact's work in the area. This is because the mineralisation appeared to be discontinuous and erratic and the controls on its distribution were poorly understood. Work by Impact, including extensive drilling, identified high grades of nickel-copper-PGM's in a channel-like structure at the base of the ultramafic unit and which has yet to be followed up. The channel-like structure was identified in close-spaced drilling using Impact's proprietary ratio for PGM mineralisation and was the first coherent zone of mineralisation defined in the area in over 30 years of exploration. This work led to a new geological framework within which to understand the Moorkai Trend (ASX Release 9th March 2021). The new EM conductor is located within a major structure to the southeast of the main outcrops of the Moorkai intrusive complex. It is possible that the Moorkai Trend formed in a large (now folded) perpendicular structure between two major shear zone structures which bound the intrusive complex. These shear zones may be so-called "feeder zones" to the mafic-ultramafic rocks along the Moorkai Trend and also raise the possibility that the Trend continues to the south to southeast where similar strongly magnetic rocks occur under thin cover. Recently published scientific work, and by the CSIRO in particular, has shown that many chonoliths and other steeply dipping mafic-ultramafic intrusions that host significant massive sulphide deposits, commonly have mineralisation within conduits that act as feeder zones to the entire intrusive complex. These feeder zones are priority target areas because the research work has also shown that within intrusions with strong vertical magma flow, massive sulphides are often deposited as the magma slows its ascent and drains back down into the main conduit. This "back flow" can cause deposition of massive sulphides in the feeder zone as proposed in a very elegant model for chonolith development developed by Professor Steve Barnes and co-workers at CSIRO. Impact has been using this model to help drive its exploration programme at Broken Hill. Accordingly, the Company views the new conductor identified by IGO as a compelling target. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Peter Unsworth was the last independent director to join the board, commencing their role in 2006. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 15
Impact Minerals Limited, Annual General Meeting, Nov 24, 2022 Impact Minerals Limited, Annual General Meeting, Nov 24, 2022. Announcement • Aug 18
Impact Minerals Limited Announces Outstanding Ni-Cu-PGM, Gold and Lithium-Caesium-Tantalum Soil Geochemistry Results At the Beau Project, WA Three large and significant soil geochemistry anomalies for a range of battery metals and precious metals have been identified at Impact Minerals Limited's 100% owned Beau Project, part of the greater Arkun- Beau-Jumbo project area in the emerging mineral province of southwest Western Australia. Previous work by Impact across the Arkun and Beau project areas using a proprietary geophysical-geochemical technology owned by Southern Sky Energy Pty Ltd, identified 17 broad areas of interest, principally for Ni-Cu- PGM mineralisation, for follow-up work. Reconnaissance soil geochemistry traverses along gazetted roads and tracks over 15 of these targets identified a total of 22 more specific targets for both Ni-Cu-PGM mineralisation and, for the first time in the area, lithium- caesium-tantalum pegmatites and Rare Earth Elements (REE). A number of the original targets returned anomalous soil results for more than one style of mineralisation. Targets for both Ni-Cu-PGM and lithium were identified at Beau. Results of the Soil Geochemistry Survey Four significant anomalies have been identified at Beau by a more detailed follow-up soil geochemistry survey, one each for nickel-copper-PGM and gold-palladium and two for lithium-caesium-tantalum. The samples were taken at a spacing of 200 metres by either 200 metres or 400 metres and submitted for the ionic leach method at ALS Laboratories in Perth. A response ratio is a simple measure of how anomalous a soil geochemical value for a particular element is above the local background value of that element which is conventionally simply calculated as the mean of the lowest quartile of data. The magnitude of each analytical result is then expressed as a response ratio, which is a times background value, calculated by dividing each result by the background value. Thus, a response ratio of 3 is a value three times background. This procedure normalises the data and allows the response ratios for individual metals that occur within assemblages specific to say, nickel-copper-PGM-gold and lithium-caesium-tantalum mineralisation to be added together in order to amplify the metal associations. 1. NICKEL-COPPER-PALLADIUM-PLATINUM-GOLD RESULTS: The results for nickel-copper-palladium-platinum, together with spatially associated metals silver, cobalt and gold are shown as additive response ratios on an image of the regional magnetic data. These metals are considered pathfinder metals for many mafic-associated massive sulphide systems globally. One large coherent anomaly that is up to 2.5 km long north-south and 1 km wide with combined responses up to 88 times background has been identified in the north west of the Beau tenement. Particularly strong responses occur along two traverses (Traverse A and B). On Traverse A strong responses in particular for copper-nickel-palladium-cobalt occur at the western end of the traverse in an area where there are numerous loose boulders of layered gabbro. Layered gabbros are mostly found as part of large mafic intrusions that host massive nickel-copper sulphide deposits. Impact is the first company to record such rocks in the area. This is a highly encouraging development and further field checking is required. On Traverse B moderate responses for copper-nickel-cobalt-palladium occur over a broad area of about one kilometre. This area has not been field checked and is also a priority area for follow up work. 2. GOLD: A discrete gold-palladium-in-soil anomaly about 500 metres in diameter has been identified in the central part of the Beau project. The responses for both metals are moderate and are associated with strong magnesium responses. Although not discussed here, magnesium is strongly correlated with REE elements in the soil geochemistry data and together these suggest the responses may be related to an alkaline intrusion. The area has not been field checked and this is a priority area for further work. 3. LITHIUM-CAESIUM-TANTALUM: Two large irregular shaped soil anomalies each about 1 kilometre in dimension with modest to strong response ratios for lithium-caesium-tantalum have been identified in the north east and central parts of the Beau project. As well as these three metals, there are also variable responses for the associated metals beryllium and niobium and additive response ratios for all five metals. Particularly strong responses occur on Traverse C. These five metals commonly form part of a zoned system of pegmatites in a widely used model for exploration for lithium-dominant pegmatites. Responses for the individual metals do vary significantly within the two areas identified, but together the responses are permissive of a large zoned pegmatite system. There are indications of such zonation along Traverse C. Of note, the southern anomaly also partly rings the gold-palladium anomaly, suggesting a possible genetic relationship. Both of the geochemical anomalies occur in areas of poor outcrop and extensive laterite and require detailed field checking and possible infill soil geochemistry samples to better define any possible zonation. The results of Impact's first ever detailed soil geochemistry programme at Beau and within the greater Arkun-Beau-Jumbo project area has successfully identified four high-priority target areas for further work and cover a wide range of battery and precious metals. The geological terrain, which is very poorly explored, is permissive for significant mineralisation of the types discussed here, and Impact considers the results from its exploration targeting work in this region thus far highly encouraging It is equally encouraging that Impact's targeting methodology and exploration workflow exemplified here has returned numerous areas for follow-up work and this augers well for Impact's other projects throughout the emerging mineral province of Western Australia where the same work flow is being applied. A further 600 soil samples have already been taken across a number of other targets within the Arkun project and have been submitted to ALS for assay. These results are eagerly awaited although there are currently significant back logs and long turn-around times. At Beau, follow-up field checking and sampling will commence by the end of August with the aim of prioritizing areas for reconnaissance drill traverses as soon as practicable. Access will be restricted for drilling until the harvest period later in the year. This will however allow time for the statutory approvals to be lodged. Announcement • Aug 10
Burrendong Minerals Limited entered into sale purchase agreement to acquire 75% stake in Commonwealth Project in the Lachlan Copper-Gold province of New South Wales from Impact Minerals Limited (ASX:IPT). Burrendong Minerals Limited entered into sale purchase agreement to acquire 75% stake in Commonwealth Project in the Lachlan Copper-Gold province of New South Wales from Impact Minerals Limited (ASX:IPT) on August 8, 2022. Announcement • Jul 26
Impact Minerals Ordinary Shares to Be Deleted from OTC Equity Impact Minerals Limited, Perth Ordinary Shares (Australia) will be deleted from OTC Equity effective from July 26, 2022, due to Inactive Security. Announcement • Jul 15
Impact Minerals Limited Announces Exploration Update Arkun-Beau-Jumbo Significant progress has been made over the past months across a number of Impact Minerals Limited's portfolio of early-stage exploration projects for a range of critical and battery metals in the emerging mineral province of south west Western Australia. The portfolio has been assembled by Impact over the past 18 months as part of a strategic change in focus of the company following the discovery of the world class Julimar deposit just north of Perth by Chalice Mining Limited. This has been done in tandem with the ongoing rationalisation of the Company's projects in Eastern Australia, including a major joint venture on part of the Broken Hill Project with IGO Limited. On-ground exploration programmes in Western Australia have been focussed on the Arkun-Beau-Jumbo Projects centred about 150 km south east of Perth and which has included a significant amount of time completing initial land access negotiations. In addition, synthesis and interpretation of previous exploration work is underway on other projects including Narryer, Dalgaranga and other projects. Assay results from various rock chip and soil geochemistry programmes are starting to be received and interpreted. Assay results from two drill holes at Doonia have been received and are being interpreted, with the assays from the remaining four other holes at Doonia, as well as the final assays from the diamond drill programme at Hopetoun, due shortly. BEAU-ARKUN-JUMBO: Previous reconnaissance geophysical and soil geochemistry surveys by Impact across the Arkun-Beau- Jumbo Project areas, which collectively cover about 2,380 km2, identified a significant number of areas for follow up work for a wide range of commodity metals including nickel-copper-PGE; Lithium pegmatites, Rare Earth Elements and Rubidium. The following work has recently been completed across the Arkun-Beau-Jumbo Project areas: An extensive airborne HELITEM electromagnetic and magnetic survey comprising 920 line kilometres was completed in 7 blocks covering the priority soil geochemistry targets identified at Beau and Arkun. Final survey data has now been received and further processing and interpretation of the data is underway with results expected later this Quarter. Extensive time has been spent completing Land Access Agreements with landowners through the Beau and Arkun areas. A total of 22 agreements have been signed which cover the majority of the Ni-Cu-PGE targets in the northern part of the project area and negotiations are underway for the remaining targets in the southern part of the area. In general there has been a very good response from landowners in allowing exploration to commence. As a result of the Land Access Agreements, Impact has been able to complete several campaigns of field checking, soil geochemistry and rock chip sampling across some of the priority targets for Ni-Cu-PGE. A total of 949 soil samples and 171 rock chip samples have been collected and submitted for assay. First results are due by the end of July. Reconnaissance field checking and rock chip sampling has been completed along the main access road at Jumbo to follow up first pass soil geochemistry results. These samples have also been submitted for assay. This work will allow further refinement of areas of interest for follow up work which will include drilling. Access is limited in some places until later in the year when the harvest season is completed. There is still significant follow up work to be done on the other targets and this is a priority for Impact over the next two Quarters. DOONIA AND HOPETOUN: Drill programmes at Doonia and Hopetoun were completed earlier this year. Drill assays have been considerably delayed but results are due by the end of July. Soil geochemistry surveys have been completed at both projects to help define follow up drill targets. Assays results from these surveys are also due by the end of July. OTHER PROJECTS: Compilation, synthesis and interpretation of previous exploration data has been on-going for Impact's other projects in Western Australia. This includes the joint venture projects at Narryer and Dalgaranga as well as the 100% owned Dinninup, Mineral Hill and Martup Projects that were recent additions to the company's portfolio. Announcement • May 26
Impact Minerals Limited Provides an Update on the Recent Activities Across Its Extensive Portfolio of Exploration Projects in Western Australia Impact Minerals Limited provided an update on the company's recent activities across its extensive portfolio of exploration projects in Western Australia. This work is part of the Company's change in strategic focus from eastern Australia to the emerging mineral province of south west Western Australia following the recent Julimar PGE-Ni-Cu discovery and also home to the world class Greenbushes lithium-tantalum mine. Impact has assembled a significant number of projects in this highly prospective region, both 100% owned, (Arkun-Beau and Dinninup) and in joint venture (Hopetoun, Jumbo, Narryer and Dalgaranga). In addition, the company is in a joint venture at the Doonia gold project near Kambalda where drill results are awaited. Current work programmes are aimed at defining drill targets at the flagship Arkun-Beau project and progressing with drill targets already defined at Hopetoun. The other projects are also being progressed via compilations of previous work and preliminary interpretations of the surface and bedrock geology with a view to identifying areas of interest for on-ground follow up exploration. Hopetoun: At Hopetoun, where Impact is earning an 80% interest in the project, six drill ready targets have been identified of which two, the Top Knotch and Silverstar copper-gold-silver prospects, are fully permitted for drill testing. Four diamond drill holes, two each at Top Knotch and Silverstar were recently completed. At Silverstar, a second drill hole was recently completed to test the up-dip extension of a 25 metre thick (true width) shear zone with extensive alteration minerals and minor disseminated chalcopyrite-pyrrhotite mineralisation. The second drill hole intersected the same shear zone at about 180 metres down hole and 60 metres up dip from the first hole. The shear zone is of a similar thickness and appearance in the second hole but in addition, one narrow zone of deformed quartz veins about 25 cm thick was intersected at 190 metres down hole which contains up to 5% molybdenite together with anomalous bismuth values up to 250 ppm as measured with a handheld XRF instrument. The Company emphasises that these estimates are based on visual observations only and that chemical assays will be required to determine the absolute amounts of any metals present. The core is being transported to Perth where it will be logged and sampled in detail. Assays are expected in July. All of this is encouraging and follow work including drilling will be required. Statutory approvals are for the drill programmes are being compiled together with those required for the other targets at Hopetoun. The Hopetoun area has received very little exploration because of a perception that much of the area is underlain by barren Proterozoic gneisses. In addition, there is extensive younger cover which has hindered previous explorers. However, a review of the regional airborne magnetic data over the area suggests that much of the gneiss terrane may be an extension of the Ravensthorpe greenstone belt to the north which contains numerous mines and deposits of lithium (Mt Cattlin mine, Allkem Limited), nickel sulphide (the dormant RAV 8 mine and associated deposits), copper-gold (including the Kundip historic mining centre where recent exploration has returned exceptional copper-gold results, Medallion Metals Ltd), zinc-lead-copper (Trilogy deposit) as well as nickel laterite (First Quantum Minerals Limited). Arkun-BEAU: An airborne EM survey was completed last week over 7 priority areas at the Arkun-Beau project at a broad line spacing of 400 metres between survey lines. Six of these areas were identified in geophysical data and returned strong soil geochemical responses (N1 to N6). One further area with a strong geophysical response but limited soil geochemistry response was also surveyed. Processing of the data will commence shortly with final data expected in late June. In addition, Land Access Agreements have been completed with 21 land owners at Arkun which allow access for soil geochemistry surveys. Although access is now hampered in a number of areas by active farming and seeding in the region, follow up soil geochemistry surveys are underway on four priority areas with the Beau area already completed. Samples are being taken on a nominal 400 m by 400 m or 200 m grid spacing. Results are expected in late June and July. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Frank Bierlein was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Impact Minerals Limited Provides Amendment to Company Update First-Ever Lithium Identified At Hopetoun Project, WA Impact Minerals Limited provided an amended version of the Company Update released on 19 April 2022. Outcrops of pegmatite veins with large spodumene and apatite crystals have been identified at the Kalahari Prospect, part of Impact Minerals Limited's Hopetoun Project near the mining centre of Ravensthorpe in Western Australia. The spodumene outcrops occur in a road base quarry in an area of generally poor outcrop about 500 metres to the east of the main Kalahari base and precious metal target (233,550 mE, 6,248,900 mN Zone51). The veins, which are steeply dipping and trend north east, occur as a swarm in a zone about 30 to 50 metres wide with individual veins up to 25 cm thick. The veins clearly cross cut and are younger than the surrounding gneisses (Munglinup Gneiss) which are part of the Albany Fraser Mobile Belt. As such they are different in age, and likely to have a different origin to, the classic Archaean-aged LCT pegmatites that form many of the deposits discovered in the older Yilgarn and Pilbara cratons. The spodumene crystals are up to 5 cm in dimension and exhibit classic pink fluorescence under ultra violet light. Some of the veins contain similar-sized crystals of aquamarine apatite, a phosphate mineral which has measurable levels of yttrium on a hand-held XRF instrument and which may be prospective for rare earth elements. It is likely that the veins on average contain up to 5% by volume of spodumene and a few percent apatite. However it is difficult to estimate abundances in such coarse-grained rocks and so the absolute amounts of these minerals is unknown. It should be noted that some of the exploration information in this announcement is based only on visual field observations. The Company emphasises that the presence of lithium and other metals does require confirmation by chemical analyses. Grab samples of these veins have been submitted for geochemical assay with results expected by mid-May. Given the poor exposure in the area, Impact considers it likely that other vein swarms could be present in the Hopetoun-Ravensthorpe area. Accordingly, the company has applied for a new exploration licence that is underlain by the Munglinup Gneiss, as well as an extension of the Ravensthorpe greenstone belt and associated Jerdacuttup Fault, a major terrane boundary. This will also form part of the Hopetoun Joint Venture. Drill Programme Update: The diamond drill programme to test the Top Knotch and Silverstar copper-silver-gold targets is nearing completion, with two shallow holes completed at Top Knotch and one in progress at Silverstar. Disseminated copper minerals have been found in mafic rocks at Top Knotch but these are considered insufficient to explain the geochemical and geophysical anomalies. Accordingly, a detailed soil geochemistry survey has been undertaken over the target are to better refine the target, which was identified from earlier reconnaissance work. Samples will be dispatched to Perth shortly for assay, with results expected in June. Announcement • Apr 19
Impact Minerals Limited Provides an Update on Hopetoun Project Impact Minerals Limited provided an update on Hopetoun Project. The diamond drill programme to test the Top Knotch and Silverstar copper-silver-gold targets is nearing completion, with two shallow holes completed at Top Knotch and one in progress at Silverstar. Disseminated copper minerals have been found in mafic rocks at Top Knotch but these are considered insufficient to explain the geochemical and geophysical anomalies. Accordingly, a detailed soil geochemistry survey has been undertaken over the target are to better refine the target, which was identified from earlier reconnaissance work. Samples will be dispatched to Perth shortly for assay, withresults expected in June. The Hopetoun project is one of four recently announced joint venture projects where Impact is earning an 80% interest. The project contains six drill-ready targets of which two, Top Knotch and Silverstar, were fully permitted for drill testing. Statutory approvals are being sought for the other targets and these are likely to be drilled later in the year. The Hopetoun area has received very little exploration because of a perception that much of the area is underlain by barren Proterozoic gneisses. In addition, there is extensive younger cover which has hindered previous explorers. The drill ready targets identified at Hopetoun include targets for nickel-copper-gold-silver and lithium. Announcement • Mar 10
Impact Minerals Limited Announces Outstanding Soil Geochemistry Results for Battery and Strategic Metals At the Jumbo JV Project, WA Further significant high priority targets for a wide range of battery and strategic metals have been identified in new soil geochemistry results from Impact Minerals Limited's Jumbo joint venture project and adjacent to the company's 100% owned Arkun project in the emerging mineral province of south west Western Australia. The soil geochemistry survey at Jumbo was limited to one major access road across the project area and samples were taken mostly at about 100 metre spacings at the side of the road over a distance of about 30 kilometres. This length of traverse has allowed samples to be taken in areas of "background" in order to establish the relative anomalism of the various metals in the target above background. The results of the soil geochemistry survey (combined with the Arkun soil results) are presented as additive Z scores in Figures 2 to 5 and are reasonably self-explanatory. The priority targets are also shown on an image of regional magnetic data in Figure 6. Maximum and minimum values for each of the relevant metals for Jumbo are given for reference in Table 1. Nickel-copper-Platinum Group Elements-Gold (Figures 2 and 6): three new priority targets identified. The eastern most target has a significant gold-dominant response and which covers an area of several hundred metres across trend. Lithium-caesium-tantalum (Figures 3 and 6): two new priority targets identified with several lower priority areas also warranting follow up. The two priority targets are at least a few hundred metres wide. Rare Earth Elements (Figures 4 and 6): three new priority targets identified with numerous other lower priority areas also warranting follow up. Rubidium (Figures 5 and 6): the entire soil geochemistry traverse stands out as being elevated in rubidium, in particular in comparison with Arkun. The large area covered by elevated REE and rubidium results suggests that the Jumbo area may be underlain by extensive areas of granitoid and pegmatite rocks that are enriched in these metals compared to Arkun. This is encouraging for future exploration. The results of Impact's first ever soil geochemistry programme at Jumbo have, as at Arkun, outlined asignificant number of areas for follow up work for nickel-copper-PGM mineralisation, LCT pegmatites, REE and rubidium. These results confirm the prospectivity of this poorly explored part of the emerging mineral province of south west Western Australia. First pass follow-up field checking and sampling will start next Quarter with the aim of prioritising areas for more detailed soil geochemistry and ground geophysics that will extend away from the roads and into the surrounding paddocks. This work will dovetail with continuing on-ground follow up work at Arkun. In order to explore in the paddocks, land access agreements will be required with the relevant land owners and this process will also be commenced. Land access negotiations are currently underway at Arkun with a view to on ground work in the next Quarter. The soil samples were submitted to ALS in Perth for analysis by the ionic leach method. This method is a so-called "partial digest" technique that uses very dilute chemical solutions that only extractweakly bound ions from the sample for analysis. Announcement • Mar 04
Impact Minerals Limited Announces Large Strong EM Conductor Identified At Platinum Springs Impact Minerals Limited announced that a significant electromagnetic (EM) conductor has been identified in the extensive ground EM survey that is in progress at the company's Broken Hill project in NSW. The new EM conductor has been modelled to have a high conductance of about 8,000 siemens and with the top edge of the modelled EM plate centred at a depth of about 350 metres below surface. It has a length of about 420 metres and extends for at least 85 metres down dip moderately to the south. The conductor is considered prospective for massive sulphide mineralisation based on its discrete dimensions and high conductance, and is a priority target for follow-up work. The EM plate is located approximately 1,000 metres southeast along strike from the main Platinum Springs Prospect where previous drilling by Impact returned a narrow intercept of high-grade massive sulphide mineralisation in PSD002 that returned: 0.6 metres at 11.5 g/t platinum, 25.6 g/t palladium, 1.4 g/t gold, 7.6% copper, 7.4% nickel, 44.3 g/t silver, 0.16% cobalt, 1.3 g/t rhodium, 1.7 g/t iridium, 2.0 g/t osmium and 0.8 g/t ruthenium from 57.1 metres down hole. A down hole EM survey of PSD002 indicated the massive sulphide had a high conductance greater than 5,000 siemens and similar to that modelled for the new conductor. Announcement • Jan 29
Impact Minerals Limited Announces Retirement of Dr. Markus Elsasser from All of His Public Roles Including His Directorship of the Company, Effective January 31, 2022 Impact Minerals Limited reported that Dr. Markus Elsasser has advised that he is retiring from all of his public roles including his directorship of the Company, effective January 31, 2022, in order to concentrate on his private interests. Markus has been a director of Impact since 2012 and during that time has made a significant contribution to the Company and has been a very highly valued member of the Impact team. Announcement • Jan 27
Impact Minerals Limited Announces Commencing of Exploration Programmes Impact Minerals Limited announced that its 2022 exploration campaign is now underway with on-ground exploration programmes having commenced at two of the company's projects across Australia. An extensive ground electromagnetic (EM) survey is underway at Broken Hill as part of the recently announced joint venture with IGO Limited (IGO) has the right to earn 75% interest in EL7390 and EL8234. The EM survey, which is using a deep penetrating SQUID system and is expected to take up to 3 months to complete, has been designed to test the entire area of the two tenements for deposits of high-grade massive nickel-copper-PGM including the Moorakai trend and the little Broken Hill gabbro. The Moorakai trend is a nine kilometre long ultramafic to mafic dyke and chonolith complex that is very poorly explored. Drilling by impact at the southern end of the trend has returned high grades of nickel-copper-PGM's in the platinum springs area in a channel-like structure at the base of the ultramafic unit. There has been no drilling of significance along the rest of the trend. At the little Broken Hill gabbro, impact completed the first ever drill programme across the seven kilometre long intrusion and identified numerous areas of highly anomalous PGM's in the basal unit to the intrusion over several kilometres. At the 80% owned Doonia Gold Project located 30 kilometre west of the recent burns discovery by Lefroy Exploration Limited a reverse circulation drill programme has commenced to test several soil geochemistry and geophysical targets. The principal target is a significant 2.5 kilometre by 1 kilometre sized gold-bismuth soil geochemistry anomaly that overlies a cluster of isolated magnetic anomalies in the centre of the project area that may represent targets for intrusion related gold similar to Burns where significant gold-copper-magnetite mineralization is hosted by a magnetic porphyry intrusion. In addition, several other soil geochemistry and geophysical targets are being tested along an access tracking the eastern part of the tenement. Two drill holes have been completed in this area with samples already dispatched to the laboratory . Assay results are expected in late March. The second drill hole intersected a pocket of abiogenic gas of unknown thickness and composition at about 100 metres down hole. Abiogenic gas is a common but not widely known phenomenon close to and within many gold and nickel mines as well as along major faults in the Goldfields of Western Australia. Impact is currently commencing an assessment of the composition of the gas with respect to potential safety issues as well as the possible areal extent of the pocket and its significance. The drill rig will be moved to the main target area on completion of the assessment. Announcement • Dec 21
Impact Minerals Limited Announces Company Update Impact Minerals Limited announced Hopetoun project 25 km south of the Ravensthorpe mining centre in Western Australia, has intersected a four metre thick zone of pyrite at the very end of a reverse circulation (RC) drill hole, and within a zone of extensive potassic alteration with variable low level copper that is at least 75 metres thick (Figures 1 and 2). The alteration (K-feldspar and biotite), copper values (up to 250 ppm as measured with a hand held XRF instrument) and sulphide intensity all increase down hole, are open at depth and along trend and suggest that the drill may have stopped at the edge of a large mineralised system (Figure 1). The drill hole (HPIPT004) failed to reach its target depth of at least 150 metres below surface because of unexpected very difficult drilling conditions for the RC drill rig caused by running sands that blocked the drill rods in younger cover rocks that overlie the target Proterozoic basement rocks. The hole was the fourth attempt to reach the target depth and it was deemed unsafe and potentially very expensive to continue the programme. Accordingly the RC programme was curtailed and efforts are now underway to secure a diamond drill rig to undertake follow up drilling as soon as practicable. All the drill holes have been sampled and sent for assay. Results are expected in mid February 2022. The Hopetoun project is one of four recently announced joint venture projects where Impact is earning an 80% interest. The project contains five drill ready targets of which two were fully permitted for drill testing. However geological information gleaned from this initial programme indicates similar drilling conditions are likely to be present above at least four of the targets further confirming the requirement for a diamond drill rig for the majority of the follow up drilling. The RC drill rig is now mobilising to Impact's Doonia gold project located 75 km east of the world class St Ives gold camp near Kambalda (Figure 2). Drilling is expected to start by about mid January 2022. The Doonia project was identified during a review of the Eastern Goldfields for intrusion-hosted gold deposits in light of the recent major Hemi discovery in the Pilbara (De Grey Mining Ltd. ASX:DEG). The project has been further enhanced by the recent discovery of significant gold-copper-magnetite mineralisation hosted by a magnetic porphyry intrusion at the Burns project located just 20 km west of Doonia Of note, the Doonia and Burns prospects were both first identified in the same regional exploration programme by WMC Resources Limited in the 1990's with modest gold anomalism found in both areas in broad spaced aircore drilling. However neither area was followed up at the time. Impact has identified a previously unrecognised distinct and coherent zoned soil geochemical anomaly centred over the small magnetic anomalies which comprises a core area of gold+bismuth that is 2,500 metres long and up to 1,000 metres wide (Figure 3). The core area is also characterised by anomalous copper-nickel and zinc and is partly surrounded by a larger halo of arsenic+antimony. These results are interpreted to be potentially related to a gold-bismuth mineralised system associated with a differentiated mafic to felsic intrusion. The system covers a large area and is a priority drill target The mineralisation at Burns is also characterised by a metal association of copper-gold-bismuth- arsenic (with molybdenum-silver-tellurium which were not assayed at Doonia). This is a compelling similarity. Announcement • Sep 21
Impact Minerals Limited Announces Outstanding Soil Geochemistry Results At Arkun Project Impact Minerals Limited announced a significant number of high priority targets for nickel-copper-platinum-metal-group metals-gold (PGM) and, for the first time, lithium-caesium-tantalum pegmatites have been identified in new soil geochemistry results from Impact Minerals Limited's 100% owned Arkun project in the emerging mineral province of south west Western Australia. Previous work by Impact identified 17 targets, principally for Ni-Cu-PGM mineralisation, for follow up work across the Arkun project area. Fifteen of these targets were covered by a single soil geochemistry traverse up to several kilometres long along gazetted roads and tracks with soil samples taken at 100 metre spacings along the traverses. Each traverse was long enough to extend well away from the target area into areas of "background" in order to establish the relative anomalism of the various metals in the target above background. NICKEL-COPPER-PALLADIUM-PLATINUM-GOLD RESULTS The results for nickel-copper-palladium-platinum and gold are shown as additive Z scores. Gold has been included because it shows a strong mathematical correlation with the other metals. It is evident that the central part of the Arkun project area stands out as being strongly anomalous in all five metals and six high priority targets and five medium priority targets have been identified as warranting follow up work. Reported Earnings • Sep 17
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.001 loss in FY 2020) Full year 2021 results: Net loss: AU$4.76m (loss widened 183% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Announcement • Sep 09
Impact Minerals Limited Announces Heritage Survey Commencement At Doonia Gold Project A heritage survey conducted by the Ngadju Group will commence this week at Impact Minerals Limited's 80% owned Doonia gold project located 75 kilometres east of the world class St Ives gold mining centre in Western Australia.
The survey is being done in preparation for a 3,000 metre RC drill programme that will test a large and significant gold+bismuth soil geochemistry anomaly that is planned to start in November. A drilling contract is being negotiated and all other approvals for drilling are in place. A statutory Heritage Survey with the Ngadju Group will commence this week over a priority drill target at the Doonia Gold Project near Kambalda, W.A. All other approvals for drilling are in place and a contract is being negotiated with the aim of starting drilling in November. The soil anomaly is centred over a cluster of smaller near-surface magnetic anomalies interpreted as magnetic porphyry stocks derived from a larger buried intrusion. Strong geophysical and geochemical similarities to the recent Burns discovery located 20km west of Doonia. Announcement • Jun 24
Impact Minerals Limited Announces Update Fromthe Little Broken Hill Gabbro Impact Minerals Limited announced 100 metre thick sulphide halo zone intersected at the Little Broken Hill Gabbro. A 100 metre thick zone of disseminated to blebby magmatic iron sulphides (up to 5% pyrite) which contains a 50 metre thick intercept with up to 500 ppm copper, has been discovered in a diamond drill hole at the Little Broken Hill Gabbro. The sulphide zone, which occurs within a gabbro unit close to an interpreted feeder zone, may be part of an outer halo of sulphide surrounding a PGM-copper-nickel massive sulphide deposit either along trend or at depth. A similar halo is present around the feeder zones to the Voisey's Bay deposit in Canada. The drill hole has also extended the basal ultramafic unit of the LBHG, within which Impact has discovered extensive PGM-copper-nickel mineralisation, by at least 150 metres to 1,650 metres along trend. Down hole EM surveys to commence by mid-July to search for nearby conductors that may represent massive sulphide bodies. Follow up drill programmes being planned and organised with statutory approvals in place. Metallurgical test work from the mineralised channel at Plat Central due within two weeks. A 100-metre-thick zone of disseminated to blebby pyrite sulphide mineralisation containing extensive low-grade copper has been intersected in diamond drill hole RWIPT017 at the Little Broken Hill Gabbro (LBHG) prospect, part of Impact Minerals Limited's 100% owned Broken Hill project platinum group metal (PGM)-copper-nickel project in New South Wales (Figures 1 and 2). The sulphide zone, which occurs within a strongly magnetic gabbro at least 125 metres thick, comprises up to 5% pyrite that is intimately intergrown with other minerals in the gabbro, a texture considered characteristic of so-called "magmatic sulphides" (Figure 1). In addition, from 25 metres down hole, the sulphide zone contains a 50-metre-thick interval with between 100 and 250 ppm copper and up to 500 ppm copper in places as measured with a handheld XRF instrument. Impact considers it likely that the copper occurs as very small crystals of chalcopyrite that are not readily visible although further detailed examination of the core is in progress. The interpretation indicated the feeder zones comprise a interconnected sequence of extensional faults and shears that acted as conduits for the deep seated magmas to enter the intrusion. Feeder zones are well known loci for nickel-copper-PGE mineralisation in major deposits globally with the type example being at the Eastern Deeps deposit within the world class Voisey's Bay system in Canada (>150 Mt at 1.6% nickel, 0.9% copper and 0.1% cobalt). Figure 3 shows a cross section through the Eastern Deeps deposit where a significant massive sulphide body has been deposited at the exit point of a feeder zone and is surrounded by a large cloud or halo of related disseminated sulphide mineralisation. This is a useful conceptual model for Little Broken Hill and it is possible that the sulphide encountered in Hole RWIPT017 may have intersected an outer halo of disseminated sulphide and further drilling may provide vectors to the ultimate target of massive sulphide. Announcement • Jun 03
Impact Minerals Limited Announces Visible Sulphides At Little Broken Hill Gabbro and Red Hill Impact Minerals Limited announced Visible Sulphides at Little Broken Hill Gabbro and Red Hill. Visible sulphide mineralization has been intersected in diamond drill core for the first time the company’s Little Broken Hill Gabbro and Red Hill prospects at the company's 100% owned Broken Hill project platinum group element (PGE)-copper-nickel project in New South Wales. At the Little Broken Hill Gabbro (LBHG), hole RWIPT016 was drilled between two traverses of previous RC drill holes at Rockwell, which covers the northern third of the LBHG and where Impact has discovered very encouraging PGE-nickel-copper mineralization over at least 1,500 metres of strike within the very poorly explored basal ultramafic unit. For example, Hole RWIPT003 returned: 61 metres at 0.4 g/t 3PGE from 31 metres which includes; 12 metres at 1.4 g/t 3PGE and 0.2% copper from 73 metres and including; 1 metre at 2.3 g/t 3PGE, 0.4% nickel and 0.2% copper from 73 metres; and 1 metre at 2.6 g/t 3PGE, 0.7% nickel and 0.2% copper from 79 metres. Hole RWIPT016 intersected the basal 95 metres of the LBHG which comprises 71 metres of gabbro that overlies the target basal ultramafic unit which, in this location is 24 metres thick true width. The entire ultramafic unit contains trace to up to 1% disseminated sulphide with a zone of more intense blebby and vein sulphide from 95 metres to 98 metres down hole. The sulphides comprise pyrite, pyrrhotite, chalcopyrite and pentlandite in decreasing order. Location of Impact's drill holes at Rockwell with best down hole assay results for 3PGE and showing the location of diamond drill hole RWIPT016. The northern line of drill holes with weaker results are vertical aircore drill holes that are no more than 50 metres deep. They have probably not effectively tested the basal ultramafic unit at depth and deeper RC drilling is required. Red Hill: At Red Hill, two diamond drill holes were completed to follow up a previous significant drill intercept in RC hole RHIPT34 which tested the southern contact of the Red Hill chonolith intrusion. Hole 034 returned: 138 metres at 0.3 g/t 3PGM (Pd+Pt+Au) from surface which includes several higher grade intercepts of: 2 metres at 2.3 g/t 3PGE from 75 metres, and; 12 metres at 1.5 g/t 3PGM and 0.2% copper from 103 metres which includes; 2 metres at 2.3 g/t 3PGM, 0.3% copper and 0.3% nickel from 109 metres, and also includes; 2 metres at 1.1 g/t 3PGM and 0.2% copper from 135 metres. The new diamond holes intersected the basal contact of the intrusion at a depth of about 450 metres below surface. There is trace to 1% disseminated sulphide, predominantly pyrite in many places throughout the drill holes, similar to that encountered in RHIPT034. The depth and shape of the Red Hill intrusion was estimated prior to the diamond drilling using magnetic inversion modelling and this suggested that the intrusion was very steeply dipping. The new drilling has intersected the contact at a shallower level than anticipated from the model and indicates that the intrusion likely has a shallower north east plunge and is still open at depth. The company has completed 3 holes for 1,324 metres at Red Hill and LBHG-Rockwell. A fourth drill hole, located about 150 metres south of RWIPT016 is currently in progress and will be reported on completion. This will be the last drill hole in this programme. The diamond core is currently being cut and sampled before being sent to Intertek in Adelaide for analysis with first results are expected by late July and into August. The company's maiden drill programme at Apsley is now complete and all samples have been received by the laboratory for assay. Unfortunately, despite initial promises from the laboratory on prompt delivery, receipt of assays has been significantly delayed because of the increased volume of exploration drilling across Australia. Although results from a few holes have been received, the wide spaced and reconnaissance nature of the drill holes make identification of the nature and extent of the distinctive alteration zones that occur around porphyry copper gold deposits difficult. Announcement • Mar 13
Impact Minerals Limited Announces Drilling Underway At Apsley Impact Minerals Limited announced that drilling is underway at the Company's Apsley Prospect within its 100% owned Commonwealth project in the Lachlan copper-gold province of New South Wales. The reverse circulation (RC) drill programme will test a number of high priority coincident IP geophysical and soil geochemistry anomalies that have many of the characteristics of those around major porphyry copper-gold deposits around the world. The Apsley Prospect covers a large and significant soil geochemistry anomaly which comprises a core zone 2,000 metres long and 500 metres wide with coincident copper-gold-platinum and palladium anomalies which is surrounded by a larger zone or halo of zinc-lead and manganese. Together these zones define a soil anomaly that covers nearly four square kilometres. The IP anomalies, which start close to surface, extend to considerable depth and appear to link up along trend, all lie within the soil geochemistry anomaly and support Impact's contention that the whole area is potentially part of one large mineralized system. Drilling will focus on five priority traverses which show an excellent correlation between the IP and the soil geochemistry results. The chargeability, resistivity and soil geochemistry results for the first two traverses to be tested together with the proposed location of drill holes to test the various anomalies On Traverse 6,390,200 mN two very strong chargeability anomalies, separated by a resistivity anomaly, extend from surface to a depth of at least 300 metres. The anomalies lie directly below strong geochemical responses dominated by gold, platinum and palladium and together these define a target zone up to 600 metres wide. On Traverse 6,390,600 mN a very strong chargeability anomaly extends from surface to a depth of about 200 metres, where it is possibly truncated by a low-angle structure which separates it from a deeper resistivity anomaly. The anomalies lie directly below strong geochemical responses dominated by copper, platinum and palladium and together these also define a target zone that is up to 600 metres wide. Similar relationships are also self-evident on the other three priority traverses. In addition, similar correlations but with weaker IP and soil geochemistry responses are present on most of the other traverses. The chargeability anomalies in particular can be tracked across numerous traverses thus implying continuity to the anomalies over hundreds of metres of trend in places. The correlation with the copper-gold-platinum-palladium core of the soil geochemistry anomaly and mapped porphyry intrusions is very evident. Announcement • Mar 09
Impact Minerals Limited Announces Significant Expansion of High Grade PGE-Copper-Nickel-Copper At Platinum Springs Further high grade assays for platinum group elements (PGM) with associated copper and nickel have significantly expanded the mineralised footprint at the Plat Central and Plat East prospects, part of Impact Minerals Limited's 100% owned Broken Hill project in New South Wales. Plat Central and Plat East form part of the larger Platinum Springs area at the southern end of the nine kilometre long, ultramafic to mafic Moorkai Trend characterised by extensive high grade PGM-copper-nickel in rock chip samples but which has been very poorly explored. Previous exploration by Impact has established for the first time that high-grade PGM-copper-nickel mineralisation in the Platinum Springs area commonly occurs as disseminated to massive sulphide mineralisation within Kambalda-style channels at the base of the host ultramafic unit. The channels were discovered and then tracked by drilling guided exclusively by Impact's proprietary geochemical ratio which has been shown to have an exceptional positive correlation with PGE grades. The drill results reported here have now identified a second channel at Plat Central and a further channel at Plat East, all three of which are open along trend, both up and down plunge. In addition, high grade PGM-copper-nickel mineralisation has been identified for the first time within the host ultramafic unit which, together with numerous thick intercepts of lower grade mineralisation throughout the ultramafic, support the potential for a larger bulk mining opportunity should further drilling be successful. Drilling has now been completed on four east-west traverses at Plat Central covering about 150 metres of trend of the host ultramafic with results from three traverses reported here for the first time. Results from the other traverse have been reported previously. Collar locations, significant intercepts and other intercepts from the new holes and further details on the drill programme are given at the end of this report. Assays for the PGMs are reported in the text as 3PGM (gold+palladium+platinum) with the assays for the individual metals. Further significant intercepts have been found on all three of the new drill traverses. Announcement • Feb 16
Impact Minerals Limited Announces Multiple Drill Targets Identified at Apsley Impact Minerals Limited announced Multiple Drill Targets Identified at Apsley. Drill targets of significant size and depth extent have been defined by chargeability and resistivity anomalies in new ground Induced Polarisation (IP) data at Apsley. The IP anomalies occur within the core zone of a large 2,000 m long by 500 m wide soil geochemistry anomaly defined by copper-gold-platinum-palladium, a metal assemblage characteristic of alkalic porphyry deposits such as Cadia-Ridgeway. The core is surrounded by a halo of zinc-lead-manganese covering several square kilometres and together these define a text book example of a "zinc doughnut", a pattern well recognised and understood in porphyry copper-gold exploration and present around major deposits globally. A set of priority targets have been identified in the IP and soil geochemistry data which have been fast tracked for drilling. A drill rig has been secured and will commence drill testing as soon as practicable after the receipt of statutory approvals, expected by early March. Detailed mapping and sampling along the IP traverses as well as drill pad preparation is in progress. New Induced Polarisation geophysical data from Impact Minerals Limited's Apsley Prospect within its 100% owned Commonwealth project in the Lachlan copper-gold province of New South Wales has helped define numerous drill targets with the potential for the discovery of a major porphyry copper-gold deposit. The IP survey was completed over a large and significant soil geochemistry anomaly which comprises a core zone 2,000 metres long and 500 metres wide with coincident copper-gold-platinum and palladium anomalies which is surrounded by a larger zone or halo of zinc-lead and manganese. Together these zones define a soil anomaly that covers nearly four square kilometres. A total of 11 IP traverses were completed over the entire soil geochemistry anomaly with a further three traverses completed to the north which are still being interpreted. Announcement • Feb 04
Orange Minerals Pty Ltd. agreed to acquire EL8632 and the northern part of E8505 from Impact Minerals Limited (ASX:IPT) for AUD 0.23 million recently. Orange Minerals Pty Ltd. agreed to acquire EL8632 and the northern part of E8505 from Impact Minerals Limited (ASX:IPT) for AUD 0.23 million recently. Under the terms a non-refundable deposit of AUD 15,000 is payable and rest of the consideration is from election of Impact. Either AUD 0.13 million in shares in the new listed company or AUD 0.05 million in shares and AUD 0.18 million in cash, and 1% Net Smelter Royalty. AUD 15,000 is already paid. Announcement • Jan 22
Impact Minerals Limited Announces Drill Result at the Broken Hill Ni-Cu-PGM Project, NSW A stand out drill intercept has been returned from the Red Hill prospect at Impact Minerals Limited's Broken Hill nickel-copper-PGM project in New South Wales. Hole RHIPT034, drilled to test a soil geochemistry anomaly along the southern contact of the Red Hill chonolith, has returned: 138 metres at 0.3 g/t 3PGM (Pd+Pt+Au) from surface which includes several higher grade intercepts of: 2 metres at 2.3 g/t 3PGE from 75 metres, and 12 metres at 1.5 g/t 3PGM and 0.2% copper from 103 metres which includes, 2 metres at 2.3 g/t 3PGM, 0.3% copper and 0.3% nickel from 109 metres, and also includes and 2 metres at 1.1 g/t 3PGM and 0.2% copper from 135 metres. This result has for the first time demonstrated that the chonolith-shaped (tube-like) ultramafic intrusion at the Red Hill body hosts significant thicknesses of disseminated PGM+/-copper+/-nickel mineralisation close to surface. The intercept is open at depth and this is a priority target area for follow up drilling. Of note is that the higher grade intercepts with the drill hole, which extend from 103 metres to 135 metres down hole, all lie within 25 metres of the contact of the intrusion with the surrounding rocks. A review of all 12 drill holes that have penetrated the margin of the Red Hill chonolith (8 drill holes from the 2020 drill campaign and 4 from previous campaigns) has shown that ten of them, including Hole RHIPT030, contain strongly anomalous intercepts of 3PGM, with variable copper and nickel, within about 30 metres of the contact with the surrounding rocks. Together these intercepts all define a "ring of PGM" around the intrusion at depth where the mineralisation occurs within the so called "chilled margin" of the intrusion. Five of the other intercepts in the chilled margin were also from the 2020 drill programme and so are reported here for the first time. RHIPT030 returned 33 metres at 0.2 g/t 3PGM including 7 metres at 0.5 g/t 3PGM and 0.3% copper from110 metres which includes, 1 metre at 0.6 g/t 3PGM and 0.45% copper from 112 metres. RHIPT027 returned 17 metres at 0.3 g/t 3PGM from 2 metres down hole including 2 metres at 1.2 g/t 3PGM and 0.2% copper from 8 metres down hole. RHIPT028 returned 10 metres at 0.3 g/t 3PGM from 23 metres including 4 metres at 0.6 g/t 3PGE and 0.2% copper from 26 metres. RHIPT033 returned 4 metres at 0.4 g/t 3PGM from 105 metres. RHIPT035 returned 14 metres at 0.4 g/t 3PGM from 80 metres. On the Importance of Mineralised Chilled Margins to Nickel-Copper-PGM Exploration: The term "chilled margin" simply refers to the contact zone between a parent intrusion and the surrounding rock. When hot liquid magma is intruded into colder country rock, the magma close to the contact cools much more quickly that the main body of magma and usually solidifies as a "chilled margin". As more magma is emplaced, the intrusion expands and the chilled margins protect the hotter magma from cooling as quickly, allowing the younger magma to pass through. The presence of significant mineralisation in the chilled margin of the Red Hill intrusion has two important implications for exploration at Red Hill. First, it is universally accepted that the chemistry of the chilled margin reflects the primary composition of the parental magma. That is, because it cooled quickly it was less likely to be affected by the many processes that can alter the chemistry of an intrusion as it evolves. Accordingly the presence of extensive mineralisation in the margin indicates for the first time the parental magma of the Red Hill was extremely fertile and carrying significant amounts of PGM and likely copper and nickel. Therefore, the potential exists to form a massive sulphide deposit in an appropriate trap site. Secondly, recently published scientific work, and by the CSIRO in particular, has shown that many chonoliths and other steeply dipping mafic-ultramafic intrusions that host significant massive sulphide deposits, commonly have mineralised chilled margins up to hundreds of metres away from the deposits themselves. Follow up drilling is clearly required to test the Red Hill intrusion at depth. To help optimise drill hole locations, modelling of the magnetic response of the intrusion to determine its geometry is currently underway using the extensive magnetic susceptibility data Impact has collected during its drill programmes. Announcement • Dec 01
Australasian Gold Limited entered into an agreement to acquire Clermont Gold Project in Queensland from Impact Minerals Limited (ASX:IPT) for AUD 0.1 million. Australasian Gold Limited entered into an agreement to acquire Clermont Gold Project in Queensland from Impact Minerals Limited (ASX:IPT) for AUD 0.1 million on November 30, 2020. The terms of the sale are AUD 0.1 million in shares in Australasian Gold at a price of 10 cents per share. Australasian is to cover all costs involved in transfer of the license. In a related transaction, Impact Minerals Limited entered into an agreement to acquire ELA70/5424 tenement in Western Australia from Beau Resources Pty Limited on November 30, 2020. Announcement • Nov 30
Impact Minerals Limited (ASX:IPT) agreed to acquire ELA70/5424 from Beau Resources Pty Ltd. Impact Minerals Limited (ASX:IPT) agreed to acquire ELA70/5424 from Beau Resources Pty Ltd on November 30, 2020. Announcement • Oct 06
Impact Minerals Limited Provides Update on Activities Impact Minerals Limited provides the following update on the Company's activities. Drill Programme at Broken Hill Drilling at Impact's Broken Hill project located in western New South Wales has progressed considerably in the past few weeks despite on-going numerous delays from continuing excessive wet weather which has prevented access to the drill sites. Further rain is expected over the next three days. RC drilling is still in progress at Platinum Springs and Red Hill with two rigs on site. First assays have been received from Platinum Springs and from some aircore holes from Little Broken Hill Gabbro. Unfortunately, a significant batch of samples has been lost by the couriers in transit to the laboratory and despite an extensive search it has yet to be located. Re-sampling of the relevant drill holes is in progress. A meaningful interpretation of the results is not yet possible but further assays are expected shortly. Drilling at Red Hill and Platinum Springs should be finished by the end of this week if weather conditions allow. Both RC rigs will then move to the Little Broken Hill Gabbro target. Withdrawal from Strategic Alliance with Wyloo Metals Limited & Castillo Copper Limited Impact has elected to withdraw from the proposed Strategic Alliance with Wyloo Metals Limited and Castillo Copper Limited which was formed to jointly market the silver-lead-zinc rights of Impact's large ground holdings and the other two companies' ground holdings in the Broken Hill area. A deal that maximised returns to Impact's shareholders did not materialise during the period of the Memorandum of Understanding. Impact has amassed a considerable amount of intellectual property about the potential for silver-lead-zinc mineralisation, or so-called "Broken Hill-style" of mineralisation, on its extensive land position over the
past few years and the company will now pursue its own strategy for these metals. Purchase of Silver City Minerals Interest in EL7390. As part of this strategy Impact announced that it has purchased Silver City Minerals Limited's 20% interest in the silver-lead-zinc rights to EL7390 for a consideration of $20,000 cash The purchase is subject only to Ministerial approval, which is expected within two months. Impact now owns 100% of all mineral rights to its entire tenement portfolio at Broken Hill and ends a long and complex history of joint ventures on the tenement inherited by Impact when it first purchased an interest in the project. Drilling at the Dora East silver-lead-zinc prospect RC drilling will now take place at the Dora East silver-lead-zinc prospect adjacent to Impact's Red Hill nickel-copper-PGE prospect. The drill programme will follow up significant silver-lead-zinc results returned from Impact's previous drill programmes which included: 5.1 metres at 10% zinc, 0.8% lead, 40.4 g/t silver including 1 metre at 26.8% zinc, 2.8% lead, 133 g/t silver (4 ounces); and also including 1 metre at 21.4% zinc, 0.8% lead and 31.5 g/t silver (1 ounce) from 148.4 metres down hole in drill hole RHD018; and 7 metres at 7.0% zinc, 1.1% lead and 20.1 g/t silver including 1.6 metres at 22.0% zinc, 3.6% lead and 66.7 g/t silver (2 ounces) from 131 metres down hole in drill hole RHD020. The silver-rich nature of these intercepts is very encouraging for the discovery of Broken Hill-style silver-lead-zinc mineralisation and the drill programme will test for along strike and up and down dip
extensions. Reported Earnings • Sep 30
Full year earnings released - AU$0.0012 loss per share Over the last 12 months the company has reported total losses of AU$1.69m, with losses narrowing by 77% from the prior year. Announcement • Jul 31
Impact Minerals Limited announced that it has received AUD 3.245 million in funding from Deutsche Balaton AG On July 28, 2020, Impact Minerals Limited (ASX:IPT) closed the transaction. Announcement • Jul 22
Impact Minerals Limited announced that it expects to receive AUD 3.245 million in funding from Deutsche Balaton AG, and other investors Impact Minerals Limited (ASX:IPT) announced a private placement of 216,333,333 common shares at a price of AUD 0.015 per share for gross proceeds of AUD 3,245,000 on July 22, 2020. The transaction will include participation from sophisticated and professional investors including returning investor Deutsche Balaton AG (DB:BBHK). The transaction is expected to close on July 27, 2020. 
