Supplementary Announcement In Relation To The BHP Xplor Program

Impact Minerals (ASX:IPT) is pleased to provide additional details in relation to its ASX release dated 17 January 2023 announcing that it had been selected to participate in the inaugural BHP Xplor program to help fund exploration at the Company’s Broken Hill Project in New South Wales.

BHP Xplor, an accelerator program introduced by BHP in August 2022, is designed to help provide participants with the opportunity to accelerate their growth and the potential to establish a long-term partnership with BHP and its global network of partners.

Impact will receive up to US$500,000 in cash payments from BHP over the term of the six-month Agreement and gain access to a network of internal and external experts to help guide development in the technical, business and operational aspects of the Company.

As announced, BHP does not acquire an equity interest in Impact or any project, however Impact commits to certain exclusivity and pre-emption regimes during the term of the Agreement with respect to investments in Impact or its projects, as well as data sharing provisions in relation to the Agreement. Further details of the Agreement are outlined below.

This announcement has been approved for release to the ASX by Dr Michael Jones, Managing Director.

Click here for the full ASX Release

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