Impact Minerals

DR MIKE JONES

MANAGING DIRECTOR

(ASX:IPT)

◾ Company Name: Impact Minerals ◾ Company ASX code: IPT ◾ Key Commodities: Gold, silver, copper, nickel, PGM and lithium ◾ Key Personnel: Dr Mike Jones, Managing Director | Peter Unsworth, Non-executive Chairman ◾ Locations: Western Australia ◾ Market Cap as of 15/08/22: $19.85M ◾FY22 Share price range – Low/High: $0.007 / $0.017 ◾ Company Website: impactminerals.com.au

COMPANY PROFILE

Impact Minerals is a diversified resources exploration company with extensive tenement holdings (>6,000km2) within Australia featuring significant potential for high-grade mineral deposits of gold, silver, copper, nickel, PGM and lithium.

The company recently focused its activities in south west Western Australia, an emerging mineral province with world class deposits of gold (Boddington), PGM (Julimar) and lithium (Greenbushes).

Impact has assembled a portfolio of ten projects both 100% owned and in 80%-20% joint ventures covering 4,000 sq km in the poorly explored province.

Impact has an 80% interest in the drill-ready Doonia Gold Project, 75km east of Kambalda in the Mt Belches Basin, home of the world-class St Ives gold mining centre.

The project consists of a significant gold-in-soil anomaly 2.5km long and up to 1km wide over numerous small prominent magnetic anomalies. Recent drilling identified multi-metal anomalism, suggesting a highly prospective intrusion-hosted gold target requiring extensive further drilling.

The project has excellent indications for discovery of a significant gold deposit with a target well defined, easily manageable and cheap to test.

Gold is an important target at all of Impact’s WA projects both on its own and as part of nickel-copperPGM exploration. Numerous gold anomalies have been found in first pass soil geochemistry in new projects in particular at Beau, Arkun, Jumbo and Dinninup, where there has been no previous exploration.

In addition several soil geochemistry and geophysical anomalies for a wide range of strategic and battery metals including lithium have been identified in these virgin areas. As part of the follow up work an airborne electromagnetic survey, infill soil geochemistry surveys, field checking and rock chip sampling are underway at priority targets across the Arkun-Beau project area.

In tandem with its new projects, Impact is rationalising its tenement holdings in NSW having already sold two projects in Queensland.

Impact’s Broken Hill Ni-Cu-PGE Project is 20km east of the world class Broken Hill mine. It consists of 100% owned 10 exploration licences covering 816km2 in the south east part of the richly mineralised Curnamona Province.

The project area contains several tens of strike kilometres of mafic-ultramafic sills, dykes and stocks containing gossans and fresh outcrops with very high-grade PGE’s, nickel, copper, gold and silver mineralisation. This project is in a joint venture where IGO Limited are earning 75% interest. Drilling of a significant conductor will occur in early 2023.

Impact recently reached a deal to sell a 75% interest in its Lachlan Ford Belt copper-gold Commonwealth Project in NSW to Burrendong Minerals.

Impact is funded for the next 18 months of battery and strategic metals exploration in WA after raising $3.2m from a recent rights issue.

Impact is led by an experienced team with extensive experience in mineral exploration and a strong history of exploration success, business development and corporate management.

Managing Director Dr Mike Jones undertook undergraduate and postgraduate studies in mining and exploration geology in London before moving to WA in 1988 and forging his career in the resource sector.

He was involved in discovery of a significant gold deposit at the Higginsville Mining Centre, near Kalgoorlie and an iron ore deposit near Newman.

Non-executive chairman Peter Unsworth is a former executive director with a leading WA stockbroking company and Chairman of the Perth Mint. He has been a director of several public exploration and mining companies.

MINERALS

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KEY INVESTMENT HIGHLIGHTS

AUGUST 9, 2022: Impact reaches an agreement to sell a 75% interest in its Commonwealth project in NSW. APRIL 12, 2022: Impact completes key survey, field checking and rock chip sampling at priority targets at its ArkunBeau-Jumbo Projects in WA. JUNE 3, 2022: Impact funded for the next 18 months of battery and strategic metals exploration in WA after raising $3.2m from its recent rights issue.