Announcement PDF This appendix is available as an online form Only use this form if the online version is not available +Rule 3.10.3 Appendix 3B Proposed issue of +securities Information and documents given to ASX become ASX’s property and may be made public. If you are an entity incorporated outside Australia and you are proposing to issue a new class of +securities other than CDIs, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. For offers where the +securities proposed to be issued are in an existing class of security, and the event timetable includes rights (or entitlement for nonrenounceable issues), and deferred settlement trading or a representation of such, ASX requires the issuer to advise ASX of the ISIN code for the rights (or entitlement), and deferred settlement trading. This code will be different to the existing class. If the securities do not rank equally with the existing class, the same ISIN code will be used for that security to continue to be quoted while it does not rank. Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-Australian issuers. *Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity. + See chapter 19 for defined terms 5 June 2021 Page 1 This appendix is available as an online form Appendix 3B Proposed issue of +securities Part 1 – Entity and announcement details Question no Question Answer 1.1 *Name of entity We (the entity here named) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). Impact Minerals Limited 1.2 *Registration type and number ABN 52 119 062 261 Please supply your ABN, ARSN, ARBN, ACN or another registration type and number (if you supply another registration type, please specify both the type of registration and the registration number). 1.3 *ASX issuer code IPT 1.4 *This announcement is ☐ A new announcement Tick whichever is applicable. ☒ An update/amendment to a previous announcement ☐ A cancellation of a previous announcement 1.4a *Reason for update Answer this question if your response to Q 1.4 is “An update/amendment to previous announcement”. A reason must be provided for an update. + See chapter 19 for defined terms 5 June 2021 Extension of Closing Date for Renounceable Entitlement Issue Page 2 This appendix is available as an online form 1.4b *Date of previous announcement(s) to this update Appendix 3B Proposed issue of +securities 26 April 2022 Answer this question if your response to Q 1.4 is “An update/amendment to previous announcement”. 1.4c *Reason for cancellation N/A Answer this question if your response to Q 1.4 is “A cancellation of previous announcement”. 1.4d *Date of previous announcement(s) to this cancellation N/A Answer this question if your response to Q 1.4 is “A cancellation of previous announcement”. 1.5 *Date of this announcement 17 May 2022 1.6 *The proposed issue is: ☐ A +bonus issue (complete Parts 2 and 8) Note: You can select more than one type of issue (e.g. an offer of securities under a securities purchase plan and a placement, however ASX may restrict certain events from being announced concurrently). Please contact your ASX listings compliance adviser if you are unsure. ☒ A standard +pro rata issue (non-renounceable or renounceable) (complete Q1.6a and Parts 3 and 8) ☐ An accelerated offer (complete Q1.6b and Parts 3 and 8) ☐ An offer of +securities under a +securities purchase plan (complete Parts 4 and 8) ☐ A non-+pro rata offer of +securities under a +disclosure document or +PDS (complete Parts 5 and 8) ☐ A non-+pro rata offer to wholesale investors under an information memorandum (complete Parts 6 and 8) ☐ A placement or other type of issue (complete Parts 7 and 8) 1.6a *The proposed standard +pro rata issue is: Answer this question if your response to Q1.6 is “A standard pro rata issue (non-renounceable or renounceable).” ☐ Non-renounceable ☒ Renounceable Select one item from the list An issuer whose securities are currently suspended from trading cannot proceed with an entitlement offer that allows rights trading. If your securities are currently suspended, please consult your ASX listings compliance adviser before proceeding further. 1.6b *The proposed accelerated offer is: ☐ Accelerated non-renounceable entitlement offer (commonly known as a JUMBO or ANREO) Answer this question if your response to Q1.6 is “An accelerated offer” ☐ Accelerated renounceable entitlement offer (commonly known as an AREO) Select one item from the list An issuer whose securities are currently suspended from trading cannot proceed with an entitlement offer that allows rights trading. If your securities are currently suspended, please consult your ASX listings compliance adviser before proceeding further. + See chapter 19 for defined terms 5 June 2021 ☐ Simultaneous accelerated renounceable entitlement offer (commonly known as a SAREO) ☐ Accelerated renounceable entitlement offer with dual book-build structure (commonly known as a RAPIDS) ☐ Accelerated renounceable entitlement offer with retail rights trading (commonly known as a PAITREO) Page 3 This appendix is available as an online form Appendix 3B Proposed issue of +securities Part 2 – Details of proposed +bonus issue If your response to Q1.6 is “A bonus issue”, please complete Parts 2A – 2D and the details of the securities proposed to be issued in Part 8. Refer to section 1 of Appendix 7A of the Listing Rules for the timetable for bonus issues. Part 2A – Proposed +bonus issue – conditions Question No. Question Answer 2A.1 *Do any external approvals need to be obtained or other conditions satisfied before the +bonus issue can proceed on an unconditional basis? Yes or No For example, this could include: • +Security holder approval • Court approval • Lodgement of court order with +ASIC • ACCC approval • FIRB approval Disregard any approvals that have already been obtained or conditions that have already been satisfied. If any of the above approvals apply to the bonus issue, they must be obtained before business day 0 of the timetable. The relevant approvals must be received before ASX can establish an ex market in the securities. 2A.1a Conditions Answer these questions if your response to Q2A.1 is “Yes”. *Approval/ condition Type *Date for determination Select the applicable approval/condition from the list (ignore those that are not applicable). More than one approval/condition can be selected. *Is the date estimated or actual? The ‘date for determination’ is the date that you expect to know if the approval is given or condition is satisfied (for example, the date of the security holder meeting in the case of security holder approval or the date of the court hearing in the case of court approval). *Approval received/ condition met? Comments Please respond “Yes” or “No”. Only answer this question when you know the outcome of the approval. Note that you will need to lodge an updated Appendix 3B showing that all required approvals have been obtained and conditions have been met prior to business day 0 in the timetable for the bonus issue in Appendix 7A of the listing rules. +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval + See chapter 19 for defined terms 5 June 2021 Page 4 This appendix is available as an online form Appendix 3B Proposed issue of +securities Other (please specify in comment section) Part 2B – Proposed +bonus issue - issue details Question No. Question 2B.1 *Class or classes of +securities that will participate in the proposed +bonus issue (please enter both the ASX security code & description) Answer If more than one class of security will participate in the proposed bonus issue, make sure you clearly identify any different treatment between the classes. 2B.2 *Class of +securities that will be issued in the proposed +bonus issue (please enter both the ASX security code & description) 2B.3 *Issue ratio for Enter the quantity of additional securities to be issued for a given quantity of securities held (for example, 1 for 2 means 1 new security issued for every 2 existing securities held). Please only enter whole numbers (for example, a bonus issue of 1 new security for every 2.5 existing securities held should be expressed as “2 for 5”). 2B.4 *What will be done with fractional entitlements? ☐ Fractions rounded up to the next whole number Select one item from the list. ☐ Fractions rounded down to the nearest whole number or fractions disregarded ☐ Fractions sold and proceeds distributed ☐ Fractions of 0.5 or more rounded up ☐ Fractions over 0.5 rounded up ☐ Not applicable 2B.5 *Maximum number of +securities proposed to be issued (subject to rounding) Part 2C – Proposed +bonus issue – timetable Question No. Question 2C.1 *+Record date Answer Record date to identify security holders entitled to participate in the bonus issue. Per Appendix 7A section 1 the record date must be at least 4 business days from the announcement date (day 0). 2C.3 *Ex date Per Appendix 7A section 1 the ex date is one business day before the record date. This is also the date that the bonus securities will commence quotation on a deferred settlement basis. 2C.4 *Record date Same as Q2C.1 above + See chapter 19 for defined terms 5 June 2021 Page 5 This appendix is available as an online form 2C.5 Appendix 3B Proposed issue of +securities *+Issue date Per Appendix 7A section 1 the issue date should be at least one business day and no more than 5 business days after the record date (the last day for the entity to issue the bonus securities and lodge an Appendix 2A with ASX to apply for quotation of the bonus securities). Deferred settlement trading will end at market close on this day. 2C.6 *Date trading starts on a normal T+2 basis Per Appendix 7A section 1 this is one business day after the issue date. 2C.7 *First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis Per Appendix 7A section 1 this is two business days after trading starts on a normal T+2 basis (3 business days after the issue date). Part 2D – Proposed +bonus issue – further information Question No. Question Answer 2D.1 *Will holdings on different registers or sub registers be aggregated for the purposes of determining entitlements to the +bonus issue? Yes or No 2D.1a Please explain how holdings on different registers or subregisters will be aggregated for the purposes of determining entitlements Answer this question if your response to Q2D.1 is “Yes”. 2D.2 *Countries in which the entity has +security holders who will not be eligible to participate in the proposed +bonus issue Note: The entity must send each holder to whom it will not offer the securities details of the issue and advice that the entity will not offer securities to them (listing rule 7.7.1(b)). 2D.3 *Will the entity be changing its dividend/distribution policy as a result of the proposed +bonus issue 2D.3a Please explain how the entity will change its dividend/distribution policy if the proposed +bonus issue proceeds Yes or No Answer this question if your response to Q2D.3 is “Yes”. 2D.4 *Details of any material fees or costs to be incurred by the entity in connection with the proposed +bonus issue 2D.5 Any other information the entity wishes to provide about the proposed +bonus issue + See chapter 19 for defined terms 5 June 2021 Page 6 This appendix is available as an online form Appendix 3B Proposed issue of +securities Part 3 – Details of proposed entitlement offer If your response to Q1.6 is “A standard pro rata issue (non-renounceable or renounceable)” or “An accelerated offer”, please complete parts 3A, 3F and 3G and the details of the securities proposed to be issued in Part 8. Please also complete Parts 3B and 3C if your response to Q1.6 is “A standard pro rata issue (non-renounceable or renounceable)” and Parts 3D and 3E if your response to Q1.6 is “An accelerated offer”. Refer to sections 2,3,4,5 and 6 of Appendix 7A of the Listing Rules for the respective timetables for entitlement offers, including non-renounceable, renounceable and accelerated offers. Part 3A – Proposed entitlement offer – conditions Question No. Question Answer 3A.1 *Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No For example, this could include: • +Security holder approval • Court approval • Lodgement of court order with +ASIC • ACCC approval • FIRB approval Disregard any approvals that have already been obtained or conditions that have already been satisfied. If any of the above approvals apply to the entitlement offer, they must be obtained before business day 0 of the timetable. The relevant approvals must be received before ASX can establish an ex market in the securities. 3A.1a Conditions Answer these questions if your response to Q3A.1 is “Yes”. *Approval/ condition Type *Date for determination Select the applicable approval/condition from the list (ignore those that are not applicable). More than one approval/condition can be selected. The ‘date for determination’ is the date that you expect to know if the approval is given or condition is satisfied (for example, the date of the security holder meeting in the case of security holder approval or the date of the court hearing in the case of court approval). *Is the date estimated or actual? **Approval received/ condition met? Comments Please respond “Yes” or “No”. Only answer this question when you know the outcome of the approval. Note that you will need to lodge an updated Appendix 3B showing that all required approvals have been obtained and conditions have been met prior to business day 0 in the timetable for the entitlement offer in Appendix 7A of the listing rules. +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Other (please specify in comment section) + See chapter 19 for defined terms 5 June 2021 Page 7 This appendix is available as an online form Appendix 3B Proposed issue of +securities Part 3B – Proposed standard pro rata issue entitlement offer - offer details If your response to Q1.6 is “A standard pro rata issue (non-renounceable or renounceable)”, please complete the relevant questions in this part. Question No. Question Answer 3B.1 *Class or classes of +securities that will participate in the proposed entitlement offer (please enter both the ASX security code & description) Fully Paid Ordinary Shares (ASX:IPT) If more than one class of security will participate in the proposed entitlement offer, make sure you clearly identify any different treatment between the classes. 3B.2 *Class of +securities that will be issued in the proposed entitlement offer (please enter both the ASX security code & description) Fully Paid Ordinary Shares (ASX:IPT) Plus $0.02 2-year Listed Options (code to be advised) 3B.3 *Offer ratio 1 for 4 Enter the quantity of additional securities to be offered for a given quantity of securities held (for example, 1 for 2 means 1 new security will be offered for every 2 existing securities held). Also Please only enter whole numbers (for example, an entitlement offer of 1 new security for every 2.5 existing securities held should be expressed as “2 for 5”). Listing rule 7.11.3 requires that non-renounceable offers must not exceed a ratio of 1:1. Please ensure that you comply with listing rule 7.11.3 or have a waiver from that rule. 3B.4 One $0.02 2-year Listed Option for every two shares subscribed for (ASX code to be advised) *What will be done with fractional entitlements? ☐ Fractions rounded up to the next whole number Select one item from the list. ☒ Fractions rounded down to the nearest whole number or fractions disregarded ☐ Fractions sold and proceeds distributed ☐ Fractions of 0.5 or more rounded up ☐ Fractions over 0.5 rounded up ☐ Not applicable 3B.5 *Maximum number of +securities proposed to be issued (subject to rounding) Up to 547,615,397 Shares Up to 297,902,775 Listed Options 3B.6 *Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? Yes 3B.6a *Describe the limits on over-subscription Refer to Section 8 of the Prospectus dated 26 April 2022 Answer this question if your response to Q3B.6 is “Yes”. 3B.7 *Will a scale back be applied if the offer is over-subscribed? Yes 3B.7a *Describe the scale back arrangements Refer to Section 8 of the Prospectus dated 26 April 2022 Answer this question if your response to Q3B.7 is “Yes”. 3B.8 *In what currency will the offer be made? AUD For example, if the consideration for the issue is payable in Australian Dollars, state AUD. + See chapter 19 for defined terms 5 June 2021 Page 8 This appendix is available as an online form Appendix 3B Proposed issue of +securities 3B.9 *Has the offer price been determined? Yes 3B.9a *What is the offer price per +security for the retail offer? $0.011 Answer this question if your response to Q3B.9 is “Yes”. The offer price must be input as an amount per security in the issue currency you have selected above using the base unit of that currency (i.e. in Australian dollars, rather than Australian cents, if the issue currency is AUD). Note that if you are proposing to have an offer price with a fraction of a cent, the offer price must comply with the minimum price step requirement in listing rule 7.11.2. Information about minimum price steps is available here. An offer price cannot be less than 0.1 Australian cents (i.e. AUD0.001), which is the lowest price at which securities can trade on ASX, unless the security is a free attaching security and the offer price is nil (in which case the offer price should be entered as ‘0.00’). 3B.9b *How and when will the offer price be determined? N/A Answer this question if your response to Q3B.9 is “No”. Part 3C – Proposed standard pro rata issue – timetable If your response to Q1.6 is “A standard pro rata issue (non-renounceable or renounceable)”, please complete the relevant questions in this part. Question No. Question Answer 3C.1 *+Record date 29 April 2022 Record date to identify security holders entitled to participate in the issue. Per Appendix 7A sections 2 and 3 the record date must be at least 3 business days from the announcement date (day 0) 3C.2 *Ex date 28 April 2022 Per Appendix 7A sections 2 and 3 the Ex Date is one business day before the record date. For renounceable issues, this is also the date that rights will commence quotation on a deferred settlement basis. 3C.3 *Date rights trading commences 28 April 2022 For renounceable issues only - this is the date that rights will commence quotation initially on a deferred settlement basis 3C.4 *Record date 29 April 2022 Same as Q3C.1 above 3C.5 *Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 4 May 2022 The offer documents can be sent to security holders as early as business day 4 but must be sent no later than business day 6. Business day 6 is the last day for the offer to open. For renounceable issues, deferred settlement trading in rights ends at the close of trading on this day. Trading in rights on a normal (T+2) settlement basis will start from market open on the next business day (i.e. business day 7) provided that the entity tells ASX by noon Sydney time that the offer documents have been sent or will have been sent by the end of the day. + See chapter 19 for defined terms 5 June 2021 Page 9 This appendix is available as an online form 3C.6 *Offer closing date Appendix 3B Proposed issue of +securities 27 May 2022 Offers close at 5pm on this day. The date must be at least 7 business days after the entity announces that the offer documents have been sent to holders. 3C.7 *Last day to extend the offer closing date 24 May 2022 At least 3 business days’ notice must be given to extend the offer closing date. Notification must be made before noon (Sydney time) on this day. 3C.8 *Date rights trading ends 13 May 2022 For renounceable issues only - rights trading ends at the close of trading 5 business days before the applications closing date. 3C.9 *Trading in new +securities commences on a deferred settlement basis 16 May 2022 Non-renounceable issues - the business day after the offer closing date Renounceable issues – the business day after the date rights trading ends 3C.10 [deleted] 3C.11 *+Issue date and last day for entity to announce results of +pro rata issue 3 June 2022 Per Appendix 7A section 2 and section 3, the issue date should be no more than 5 business days after the offer closes date (the last day for the entity to issue the securities taken up in the pro rata issue and lodge an Appendix 2A with ASX to apply for quotation of the securities). Deferred settlement trading will end at market close on this day. 3C.12 *Date trading starts on a normal T+2 basis 6 June 2022 Per Appendix 7A section 2 and 3 this is one business day after the issue date. 3C.13 *First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 8 June 2022 Per Appendix 7A section 2 and 3 1 this is two business days after trading starts on a normal T+2 basis (3 business days after the issue date). Part 3D – Proposed accelerated offer – offer details Question No. Question 3D.1 *Class or classes of +securities that will participate in the proposed entitlement offer (please enter both the ASX security code & description) Answer If more than one class of security will participate in the proposed entitlement offer, make sure you clearly identify any different treatment between the classes. 3D.2 *Class of +securities that will issued in the proposed entitlement offer (please enter both the ASX security code & description) 3D.3 *Has the offer ratio been determined? + See chapter 19 for defined terms 5 June 2021 Yes or No Page 10 This appendix is available as an online form Appendix 3B Proposed issue of +securities 3D.3a for *Offer ratio Answer this question if your response to Q3D.3 is “Yes” or “No”. If your response to Q3D.3 is “No” please provide an indicative ratio and state as indicative. Enter the quantity of additional securities to be offered for a given quantity of securities held (for example, 1 for 2 means 1 new security will be offered for every 2 existing securities held). Please only enter whole numbers (for example, an entitlement offer of 1 new security for every 2.5 existing securities held should be expressed as “2 for 5”). Listing rule 7.11.3 requires that non-renounceable offers must not exceed a ratio of 1:1. Please ensure that you comply with listing rule 7.11.3 or have a waiver from that rule. 3D.3b *How and when will the offer ratio be determined? Answer this question if your response to Q3D.3 is “No”. Note that once the offer ratio is determined, this must be provided via an update announcement. 3D.4 *What will be done with fractional entitlements? ☐ Fractions rounded up to the next whole number Select one item from the list. ☐ Fractions rounded down to the nearest whole number or fractions disregarded ☐ Fractions sold and proceeds distributed ☐ Fractions of 0.5 or more rounded up ☐ Fractions over 0.5 rounded up ☐ Not applicable 3D.5 *Maximum number of +securities proposed to be issued (subject to rounding) 3D.6 *Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? 3D.6a *Describe the limits on over-subscription Yes or No Answer this question if your response to Q3D.6 is “Yes”. 3D.7 *Will a scale back be applied if the offer is over-subscribed? 3D.7a *Describe the scale back arrangements Yes or No Answer this question if your response to Q3D.7 is “Yes”. 3D.8 *In what currency will the offer be made? For example, if the consideration for the issue is payable in Australian Dollars, state AUD. 3D.9 *Has the offer price for the institutional offer been determined? + See chapter 19 for defined terms 5 June 2021 Yes or No Page 11 This appendix is available as an online form 3D.9a Appendix 3B Proposed issue of +securities *What is the offer price per +security for the institutional offer? Answer this question if your response to Q3D.9 is “Yes”. An indicative offer price must be provided if your response to Q3D.9 is “No”. A final offer price must be provided no later than 9am on the day the trading halt is lifted. The offer price must be input as an amount per security in the issue currency you have selected above using the base unit of that currency (i.e. in Australian dollars, rather than Australian cents, if the issue currency is AUD). Note that if you are proposing to have an offer price with a fraction of a cent, the offer price must comply with the minimum price step requirement in listing rule 7.11.2. Information about minimum price steps is available here. An offer price cannot be less than 0.1 Australian cents (i.e. AUD0.001), which is the lowest price at which securities can trade on ASX, unless the security is a free attaching security and the offer price is nil (in which case the offer price should be entered as ‘0.00’). 3D.9b *How and when will the offer price for the institutional offer be determined? Answer this question if your response to Q3D.9 is “No”. 3D.9c *Will the offer price for the institutional offer be determined by way of a bookbuild? Yes or No Answer this question if your response to Q3D.9 is “No”. If your response to this question is “Yes”, please note the information that ASX expects to be announced about the results of the bookbuild set out in section 4.12 of Guidance Note 30 Notifying an Issue of Securities and Applying for their Quotation. 3D.9d *Provide details of the parameters that will apply to the bookbuild for the institutional offer (e.g. the indicative price range for the bookbuild) Answer this question if your response to Q3D.9 is “No” and your response to Q3D.9c is “Yes”. 3D.10 *Has the offer price for the retail offer been determined? 3D.10a *What is the offer price per +security for the retail offer? Yes or No Answer this question if your response to Q3D.10 is “Yes”. An indicative offer price must be provided if your response to Q3D.10 is “No”. A final offer price must be provided no later than 9am on the day the trading halt is lifted. The offer price must be input as an amount per security in the issue currency you have selected above using the base unit of that currency (i.e. in Australian dollars, rather than Australian cents, if the issue currency is AUD). Note that if you are proposing to have an offer price with a fraction of a cent, the offer price must comply with the minimum price step requirement in listing rule 7.11.2. Information about minimum price steps is available here. An offer price cannot be less than 0.1 Australian cents (i.e. AUD0.001), which is the lowest price at which securities can trade on ASX, unless the security is a free attaching security and the offer price is nil (in which case the offer price should be entered as ‘0.00’). + See chapter 19 for defined terms 5 June 2021 Page 12 This appendix is available as an online form 3D.10b Appendix 3B Proposed issue of +securities *How and when will the offer price for the retail offer be determined? Answer this question if your response to Q3D.10 is “No”. Part 3E – Proposed accelerated offer – timetable If your response to Q1.6 is “An accelerated offer”, please complete the relevant questions in this Part. Question No. Question 3E.1a *First day of trading halt Answer The entity is required to announce the accelerated offer and give a completed Appendix 3B to ASX. If the accelerated offer is conditional on security holder approval or any other requirement, that condition must have been satisfied and the entity must have announced that fact to ASX. An entity should also consider the rights of convertible security holders to participate in the issue and what, if any, notice needs to be given to them in relation to the issue 3E.1b *Announcement date of accelerated offer 3E.2 *Trading resumes on an ex-entitlement basis (ex date) For JUMBO, ANREO, AREO, SAREO, RAPIDs offers 3E.3 *Trading resumes on ex-rights basis For PAITREO offers only 3E.4 *Rights trading commences For PAITREO offers only 3E.5 *Date offer will be made to eligible institutional +security holders 3E.6 *Application closing date for institutional +security holders 3E.7 Institutional offer shortfall book build date For AREO, SAREO, RAPIDs, PAITREO offers 3E.8 *Announcement of results of ins