Impact Minerals September 2022 Quarterly Report

Impact Minerals (ASX:IPT) is pleased to present its September 2022 quarterly report.

1. Broken Hill, WA (IPT 100%:IGO earning 75%)

• IGO to drill EM conductor at Platinum Springs as soon as practicable.
• All statutory approvals are in place.

2. Arkun-Beau, WA (IPT 100%)

• Airborne EM survey, soil geochemistry surveys, field checking and rock chip sampling completed at priority targets for Ni-Cu-PGE.
• Extensive time spent completing Land Access Negotiations across the project area.
• Four large and significant soil geochemistry anomalies identified at Beau, including:
  • a large copper-nickel-PGM-silver-cobalt anomaly up to 2.5 km by 1 km in size and associated with previously unrecognised layered mafic gabbros.
  • a gold-palladium anomaly about 500 metres in diameter.
  • two lithium-caesium-tantalum anomalies each about 1 km in dimension that may be part of a large zoned intrusive pegmatite system.
• Field checking and relevant follow-up sampling of all areas were completed in August to identify reconnaissance drill targets as quickly as practicable.
• A reconnaissance drill programme will be organised as soon as practicable and subject to access and the harvest period.

3. Commonwealth, NSW (IPT 100%)

Terms agreed for the sale of a 75% interest in its 100% owned Commonwealth Project in the Lachlan copper-gold province of New South Wales.

4. Corporate

Cash: $2.8

Date of AGM 24th November 2022.

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