Announcement PDF Blackridge Broken Hill Commonwealth Arkun Perth HQ Company Presentation July 2020 1 Impact Minerals – Investor Presentation Persistence is the key Provided you are in the right area! 2 Impact Minerals – Investor Presentation 2020 Vision: Focus on Greenfields Exploration in Two Major Belts 1. Broken Hill, New South Wales (IPT 100%) • Home to the giant Broken Hill silver-lead-zinc deposit (>300 Mt) • Large strategic ground holding of 815 sq km. Drilling in progress. 815 sq km • Highest platinum group metal (PGM) grades in Australia discovered by Impact: Large strategic ground holding • Potential for major nickel-copper-PGM mining camp over a 40 km belt. 2. Commonwealth, NSW (IPT: 100%) • Large strategic ground holding of 902 sq km close to recent Boda discovery and large copper-gold deposits of the Lachlan Fold Belt. • Potential for giant copper-gold deposits like Cadia (>40 Moz Au, >10 Mt Cu) and VMS deposits like Eskay Creek (4 million oz Au, 180 million oz Ag) • IP survey in progress. Numerous targets and follow up drilling required including at the Commonwealth resource 3. 902 sq km Large strategic ground holding Other Projects (IPT 100%) • Arkun, WA: Large strategic ground holding of 2,000 sq km in the emerging Ni-Cu-PGE Province. Surrounded by Anglo American Corporation. • Blackridge, QLD: 150 sq km covering majority >300,000 ounce gold field. 3 Impact Minerals – Investor Presentation Other Strategic Holdings Introducing Impact Minerals (ASX: IPT) Capital Structure Shareholders Listed on ASX November 2006 Bunnenberg Family 11% Shares on Issue 1,770 million ABC Beteiligungen 11% Options 172.5M unlisted Executive Directors 3% Share Price 2.7 c Top 20 43% Market Cap $45 million Top 50 52% Cash $4.5 million No of Shareholders 3,500 2 year Share price 4 Impact Minerals – Investor Presentation Major exploration boom in progress driven by gold and PGM’s Broken Hill Project, PGM-Nickel-Copper, New South Wales 5 Impact Minerals – Investor Presentation Record Palladium (and Rhodium) Prices: 9 years of deficit 85% used in exhaust systems. Increased demand in hybrid vehicles (where are the EV’s?). Supply not increasing to meet demand as it is mostly a by product of platinum mining which has struggled. Surplus Mined mostly in South Africa and Russia Deficit 8 year deficit 6 Impact Minerals – Investor Presentation Rhodium US$11,000/oz Broken Hill Project Overview 1. Major land position of 815 sq km in one of Australia’s most prolific mining belts 2. Highest drill hole PGM grades in Australia including rare PGM’s Rh, Os, Ru and Ir. 3. Multiple targets for nickel-copper-PGM deposits Red Hill: lmpact discovery of very high grade PGE’s. Platinum Springs: high grade magmatic nickelcopper-PGE sulphide. Moorkai: High grade rock chip samples over 9 km trend. Rockwell-Little Broken Hill Trend: poorly explored intrusion similar to Jinchuan and Voiseys Bay. 4. Potential for million ounce PGM discovery 5. Significant zinc-lead-silver potential 7 Impact Minerals – Investor Presentation Highest PGM grades in Australia Moorkai-Platinum Springs: Magmatic Ni-Cu-PGM sulphides Platinum Springs 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 and 44.3 g/t silver from 57.1 metres down hole within a broader intercept of 2.75 metres at 3.5 g/t platinum, 7 g/t palladium, 0.4 g/t gold, 2% copper, 1.9% nickel and 11.6 g/t silver 8. 8 Impact Minerals – Investor Presentation Ratios R Us – A vector to high grade PGMs?14 9 Impact Minerals – Investor Presentation Ratios R Us – Hand held XRF appears to work 14 10 Impact Minerals – Investor Presentation Platinum Springs: Two high grade corridors and drilling in progress 14 10 ounces of Palladium 11 Impact Minerals – Investor Presentation 12 What could be at Moorkai? North American Midcontinent Rift Giant Duluth Complex and associated feeder systems Thunder Bay North and Eagle are two deposit styles that could be present at Broken Hill. 12 Impact Minerals – Investor Presentation 13 Thunder Bay Chonolith 50 m 200 m 13 Impact Minerals – Investor Presentation 50 m 14 Thunder Bay: Sulphide Mineralisation 8.75m @ 6.98g/t Pt+Pd, 1.00% Cu & 0.62% Ni 14 Impact Minerals – Investor Presentation 0.4m @ 24.55g/t Pt+Pd, 3.7% Cu & 2.9% Ni Comparison to Thunder Bay Resource outline Thunder Bay Resource Outline! 15 Impact Minerals – Investor Presentation High Grade Indeed! – RHD012 Hydrothermal Vein System 10 ounces of Palladium 1.2 metres at 4.6 g/t rhodium, 7.2 g/t iridium, 5.6 g/t osmium and 3.1 g/t ruthenium 10.4 g/t platinum, 10.9 g/t gold, 294 g/t (9.5 ounces) palladium (335.8 g/t (10.8 ounces) 6PGE+gold) 7.4% nickel, 1.8% copper and 19 g/t silver Within a thicker intercept of 3.5 metres at 1.7 g/t rhodium, 2.6 g/t iridium, 2.0 g/t osmium and 1.1 g/t ruthenium 5 g/t platinum, 6 g/t gold, 144 g/t (4.6 ounces) palladium (159 g/t (5.3 ounces) 6PGE+gold) 2.9% nickel, 2.3% copper and 14.5 g/t silver 5,6 16 Impact Minerals – Investor Presentation Little Broken Hill: 6 km long intrusion with 1 drill hole >25m 14 Red Red Hill Hill Red Hill LBHG LBHG Red Hill LBHG Rockwell Rockwell LBHG Rockwell Rockwell 2 km Magnetic Data 17 Impact Minerals – Investor Presentation Extent of Gabbro Extent of Cover The gravity of the situation at Little Broken Hill: Priority Feeder Zone Targets identified 13 Feeder zones under cover 18 Impact Minerals – Investor Presentation Little Broken Hill: Similar size to Jinchuan and Voiseys Bay ✓ Ticks all the boxes 19 Impact Minerals – Investor Presentation Key Messages from the Geochemistry: alkaline rocks 20 Impact Minerals – Investor Presentation KDC2 A new geodynamic setting for Broken Hill at c.800Ma • Nickel-copper-PGE bearing intrusions related to the break up of the supercontinent Rodinia about 800 million years ago. • Break up is related to a mantle plume head (red circle) responsible for the breakup of Rodinia which formed the Jinchuan and Lengshuiqing Ni-Cu-Co-PGM deposits. • Broken Hill was located in the same region at the time and so has the geological setting to host major Ni-Cu-PGM deposits. Jinchuan: >500Mt at 1.2% Ni 0.7% Cu 0.4 g/t PGM 21 Impact Minerals – Investor Presentation A New MINERAL SYSTEM Model for Broken Hill • PGE-Ni- Au-Cu likely transported by upwelling plume-generated alkaline magmas originating from the core-mantle boundary at 820 Ma during break up of Rodinia. • The core-mantle boundary zone is enriched in this assemblage of metals that are anomalously concentrated in the Broken Hill district • An alkaline model may also explain the metal endowment for zinc-leadsilver: Plimer 1985 “The Broken Hill orebody has the gross composition of a carbonatite”. • The model has geodynamic support as the fragmentation and dispersal of the supercontinent Columbia also occurred at ~1600 to ~1650 Ma, the inferred age of the Broken Hill mineral system. • Understanding the mineral system clearly has important implications for exploration in the district KDC2 22 Impact Minerals – Investor Presentation Arkun Project, SW Yilgarn Craton, WA 23 Impact Minerals – Investor Presentation Regional Geophysics Gravity Magnetics 24 Impact Minerals – Investor Presentation Regional Soil Geochemistry 25 Impact Minerals – Investor Presentation 2020 Vision: Next Steps 1. • • • 2. • Broken Hill, New South Wales (IPT 100%) Drilling in progress: Platinum Springs, Red Hill and Little Broken Hill Gabbro. Programme of 8,000 metres aircore and RC. Strong newsflow. Commonwealth, NSW (IPT: 100%) Major porphyry copper-gold target identified in soil geochemistry survey at Apsley. • Ground IP survey in progress. • Drill target definition and drill programmes in Q1 2021 subject to stat. approvals. Drilling in progress Target Generation 3. Other Projects (IPT 100%). • Arkun and Blackridge: target generation awaiting grant of licences in Q4. 26 Impact Minerals – Investor Presentation Target Generation JORC Compliance The information in this presentation relating to Exploration Results has been extracted from the following reports: ASX Release Date. Title of ASX Release 14. 6 October 2020 13. 9 July 2020 12. 10 June 2020 11. 7 May 2020 10. 7 March 2019 9. 13 December 2018 8. 3 February 2016 7. 2 November 2015 6. 26 October 2015 5. 23 October 2015 4. 19 May 2015 3. 17 April 2015 2. 23 January 2015 1. 17 December 2014 27 Encouraging Signs at Platinum Springs The gravity of the situation at Little Broken Hill NSW Expansion of the Arkun Ni-Cu-PGE Project east of Perth Extensive high grade rare PGM’s at Red Hill New geodynamic framework for Ni-Cu-PGE and Co-Cu-Au-REE at Broken Hill Exploration Update: Broken Hill Project NSW Very high grade PGM nickel-copper in massive sulphide at Platinum Springs Further significant results at Red Hill High grade rare PGM’s at Red Hill Extremely high grade drill intercept at Broken Hill Widespread high grade rare platinum group metals confirmed in large arc east of Broken Hill High grades of rare but potentially economic PGM elements at Impact’s Broken Hill Project Further high grade PGE-copper-nickel assays returned at Red Hill Prospect, Broken Hill High grade copper-nickel-PGE assays at Red Hill Prospect Broken Hill Impact Minerals – Investor Presentation Disclaimer What You Should Know Find out more – This presentation is being used as a presenter’s aid with summarised information. See Impact’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au or www.impactminerals.com.au, for more information. Third party information – Impact does not make any representations as to the accuracy or otherwise of third party information, including where projections are given. Forward-looking statements – Within this presentation there may be certain forward-looking statements, opinions and estimates. These are based on assumptions and contingencies which are subject to change without notice and are not guarantees of future performance. Impact assumes no obligation to update such information. Taking action – Please undertake your own evaluation of the information in this presentation and contact your professional advisers if you wish to buy or sell Impact shares. Competent Person Statement and JORC Compliance Exploration Results: The review of exploration activities and results contained in this report is based on information compiled by Dr Mike Jones, a Member of the Australian Institute of Geoscientists. He is a director of the company and works for Impact Minerals Limited. He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mike Jones has consented to the inclusion in the report of the matters based on his information in the form and context in which it appears. The ASX Releases referenced below on on the Impact Minerals website at www.impactminerals.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the most recent market announcement for each project, and in the case of Mineral Resources and Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context un which the Competent Person’s findings are presented have not materially changed from the original market announcement. 28 Impact Minerals – Investor Presentation