Announcement PDF ASX ANNOUNCEMENT Date: 26 October 2017 No. 547/261017 Market Cap A$21.2 m (0.021 p/s) SEPTEMBER 2017 QUARTERLY REPORT SUMMARY 1. PILBARA GOLD PROJECT     Nine new 100% owned exploration licences covering 1,300 sq km prospective for Witwatersand-style conglomerate hosted gold applied for in the East Pilbara. Licences are adjacent to ground held by Novo Resources including the Beatons Creek Deposit (>500,000 oz gold). Compilation of previous exploration work in progress. Reconnaissance field work to commence in November. Tenements likely to be granted in Q2 2018. 2. COMMONWEALTH GOLD-SILVER-BASE METAL PROJECT, N.S.W. (IPT 100%)       Drill programme continuing to test extensions to gold-silver system at Silica Hhill and will commence in early November. 15 metres at 4.0 g/t gold and 61 g/t silver including 3 metres at 10 g/t gold and 20 g/t silver in Hole CMIPT56. Highest gold assay to date at Silica Hill. Significant potential for continuation of higher grade veins at depth and along trend. Interpreted edges of a base metal-rich “feeder” vein identified which returned 0.3 m at 6.2 g/t gold, 149 g/t silver, 8.4% zinc, 3.9% lead and 0.2% copper in Hole CMIPT063. Continuing indications of underlying porphyry copper-gold system. Extensive zones of gold and silver-bearing veins encountered in the upper lower grade parts of the system. Issued Capital 1,011,071,085 Listed Options 333,450,000 IPTOA Directors Peter Unsworth Chairman Dr Michael Jones Managing Director Paul Ingram Non-Executive Director Markus Elsasser Non-Executive Director Felicity Gooding Non-Executive Director Bernard Crawford Company Secretary www.impactminerals.com.au a 26 Richardson Street West Perth Western Australia 6005 t +61 (8) 6454 6666 f +61 (8) 6454 6667 e info@impactminerals.com.au 1. PILBARA GOLD PROJECT In early August Impact applied for nine new 100% owned Exploration Licences covering 1,300 sq km of ground prospective for Witwatersrand-style conglomerate-hosted gold in the Pilbara region of Western Australia (Figure 1). This followed a review of the discovery of gold in conglomerates at the base of the Fortescue Group by Artemis Resources Limited and the subsequent joint venture with Novo Resources Corporation. This work indicated a significant breakthrough had been made in the search for Witwatersrand-style gold in the Pilbara and Impact immediately applied for available ground considered prospective for this style of deposit. The licence applications have all now passed through the period for objections under the Mining Act and as such are now likely to be granted subject to the statutory Native Title notification and negotiation period which is expected to be completed by Q2 2018. The licences cover various parts of the prospective contact between the older Pilbara granitegreenstone terrain and the overlying Fortescue Group rocks in the East Pilbara region including areas close to and adjoining licences held by Novo Resources Corporation (Figure 1 and shown in more detail in Figure 2). Figure 1. Location of Impact’s new licences and significant conglomerate hosted gold occurrences. The increasing recognition of extensive conglomerate-hosted gold across the entire Pilbara region at several different horizons within the Fortescue Group is, in Impact’s view, confirming the long recognised potential for Witwatersrand-style gold in the area. It is worth noting that gold in the ageequivalent Witwatersrand Basin of South Africa occurs mostly within the middle part of the 6 km thick sedimentary sequence (as opposed to the basal units) mostly as fine to coarse gold associated with carbon seams as well as the characterisitic “watermelon seed” nuggets. In the East Pilbara where Impact’s licences are located, gold-bearing conglomerates were first recognised and mined 130 years ago in the Beatons Creek area (Figures 1 and 2) and form part of the Hardey Formation in the lower to middle parts of the Fortescue Group. The Beatons Creek project (resources >500,000 ounces of gold) is owned by Novo Resources and is already undergoing feasibility studies for development. Figure 2. Detailed location plan of Impact’s new licences in the East Pilbara. In the West Pilbara the significant discoveries of gold-bearing conglomerates by Novo Resources and Artemis Resources Limited occur at the base of the Fortescue Group as does the more recent discovery of nuggets and conglomerates in the Central Pilbara by De Grey Mining Limited (Figure 1). In the East Pilbara, nuggets in the same basal unit of the Fortescue Group have now been discovered by Haoma Mining Ltd (ASX: HAO), thus confirming the widespread occurrence of conglomeratehosted gold nuggets. The lower parts of the Fortescue Group are interpreted to underlie a significant proportion of at least 5 of Impact’s new licences. Impact recognised the significance of the breakthrough that had been made by Novo-Artemis in the search for Witwatersrand-style gold in the Pilbara and was a relatively early mover in the area and accordingly has been able to secure some very prospective tenements. One of the overlooked breakthroughs made by Novo is in research published by Novo’s CEO Dr Quinton Hennigh which clearly shows that many of the nuggets in the Witwatersrand may have been sourced from the reworking of gold deposited by microbial activity and basinal fluids early in the history of the sedimentary basin. This removes the requirement for a source for the nuggets from the underlying granite-greenstone terrain, one of the criticisms levelled at the potential for these conglomerates to host significant gold. This was an important breakthrough by Dr Hennigh and once Impact understood that, the Company acted quickly to acquire the ground. Impact has now commenced a review of previous exploration and will commence initial on-ground activities in early November under a Miners Right. 2. COMMONWEALTH GOLD-SILVER-BASE METAL PROJECT (IPT 100%) During the Quarter the follow up drill programme to test and expand the high grade gold-silver mineralisation discovered by Impact at the Silica Hill prospect, part of the 100% owned Commonwealth Project 100 km north of Orange, New South Wales, continued. Following a recent short break in the programme, drilling is due to commence again in early November. 2.1 Drill Assays CMIPT056 Assays for Hole 56 a reverse circulation (RC) drill hole, have identified a deeper gold-silver rich zone and a shallower silver-rich zone to the mineralisation, similar to that seen in previous drill holes from Silica Hill (see announcement 22nd February 2017). The deeper gold-silver rich zone has returned the highest grade gold intercept returned thus far from Silica Hill from about 100 m below surface (Figure 3): 20 metres at 3.3 g/t gold and 53 g/t silver from 149 m down hole; including: 15 metres at 4.0 g/t gold and 61 g/t silver from 152 m; which includes: 4 metres at 1.8 g/t gold and 217 g/t silver from 152 m; and: 3 metres at 10.4 g/t gold and 20 g/t silver from 160 metres. The shallower silver-rich zone has returned the following intercepts from about 30 m below surface: 12 metres at 0.3 g/t gold and 64 g/t silver from 46 metres down hole; including 3 metres at 0.4 g/t gold and 270 g/t silver from 47 metres and 2 metres at 0.1 g/t gold and 158 g/t silver from 56 metres. These new assays from Hole 56 are interpreted to be the north west extension of, and materially better than, the gold-rich zone discovered by Impact in Hole 43 (Figure 3) which returned: 68 metres at 0.5 g/t gold and 43 g/t silver (1.3 g/t gold equivalent) from 99 metres; including the upper silver-rich zone of 37 metres at 0.1 g/t gold and 71 g/t silver (2.3 ounces) and the lower gold-rich zone of 18 m at 1.7 g/t gold and 24 g/t silver from 149 metres. Individual results of note in Hole 43 are:  High grade silver intercepts (with gold) in the upper part of the assayed zone: 1 m at 122 g/t (4 ounces) silver and 0.2 g/t gold from 108 metres; 1 m at 146 g/t silver (5 ounces) and 0.1 g/t gold from 118 metres; 2 m at 373 g/t (12 ounces) silver and 0.2 g/t gold from 123 metres including 1 m at 525 g/t (17 ounces) silver and 0.1 g/t gold from 124 metres; and 1 m at 337 g/t (11 ounces) silver and 0.1 g/t gold and from 134 metres. Figure 3. Significant drill results at Silica Hill. The mineralisation is open in all directions.  Significant gold assays in the lower part of zone: 1 m at 2.3 g/t gold and 64 g/t (2 ounces) silver from 153 metres; and 1 m at 6.4 g/t gold and 18 g/t silver (0.5 ounces) from 155 metres. Holes 56 and 43 are about 15 metres apart with the gold grades increasing to the north west. These results indicate signficant potential to increase the contained ounces of gold and silver within the envelope of mineralisation already discovered with closer spaced drilling. CMIPT063 Further drill assays also continue to confirm and expand the bulk-tonnage potential close to the nearsurface high grade massive sulphide resource at Main Shaft, with only 10% of the target area tested to date close to surface. In addition the closed spaced drilling completed to date has elucidated further important structural controls on high grade shoots as well as the broad vertical and lateral metal zonation within the stockwork vein system (Figures 8, 10 and 11). East-west trending structures have now been identified as an important control on the high grade zones and shoots within the overall north east trending zone of mineralisation, and it has been shown that the entire vertical extent of the mineralised system has been preserved from an upper barren silica-pyrite zone that passes progressively down and laterally through low grade silver +/- gold veins; higher grade gold and silver veins; and a lower zinc-lead-copper zone containing “feeder veins” of massive base metal sulphides that also have high grade gold and silver in places. Hole CMIPT063 tested a modest north east extension of the mineralised zone and returned a 116 metre thick zone of veins from 57 metres down hole and comprised a lower 70 metre thick zone of silver and base metal-rich veins and an upper 40 metre thick zone of silver-rich veins. Figure 4. High grade “feeder vein” at 114.5 metres depth in Hole 63 containing silver, zinc, lead and copper with accessory molybdenum, antimony, tin and bismuth. The lower zone comprises veins of zinc, lead and copper sulphides that are up to a few centimetres thick and spaced every 50 cm to 1 metre down hole. There are thicker veins up to 20 cm thick in places (Figure 4). The nature of the veins and the unique metal assemblage are interpreted to be characteristic of the edges of a high grade “feeder zone” to the large mineralised system at Silica Hill. This is the first indication of this type of feeder vein at Silica Hill and which were postulated to be present in a previous announcement by Impact (ASX announcement 6 June 2017). The feeder zone is interpreted to possibly extend for a further 1,000 metres to the north east. Such feeder zones occur within gold-rich volcanogenic massive sulphide deposits (gold-rich VMS), a class of deposit only recognised within the past 20 years and which the Commonwealth-Silica Hill mineralisation is interpreted to belong to. The type-deposit of the gold-rich VMS systems is the well known Eskay Creek deposit in British Columbia, Canada which was mined mostly during the early 2000’s and contained over 4 million ounces of gold and 180 million ounces of silver in numerous very gold and silver-rich ore shoots over a vertical extent of at least 700 metres (see ASX announcement 9 May 2017). The upper silver rich zone in Hole CMIPT063 comprises veins of pyrite-arsenopyrite sulphide up to 5 cm thick that occur individually or as stockworks of veins in zones up to 25 cm thick and spaced every 30 cm or so down hole (Figure 5). Figure 5. Quartz-pyrite-arsenopyrite-silver vein and stockwork from 77 m depth in Hole 63. In addition the wallrock is mineralised in a few places places and is “flooded “ with so called “ruby silver” minerals (proustite and pyrargyrite) (Figure 6). Native silver may also be present (and as seen in previous drill holes). Figure 6. Extensive “christmas tree” of ruby silver minerals adjacent to sulphide vein. Hole CMIPT063 has returned: 98 metres at 0.7 g/t gold and 53 g/t silver from 58 metres down hole including 31 metres at 1.3 g/t and 70 g/t silver from 58 m down hole which includes; 0.6 metres at 0.8 g/t gold and 2,090 g/t silver and 0.2% zinc from 85.4 m; and 0.3 metres at 6.2 g/t gold, 149 g/t silver, 8.4% zinc, 3.9% lead and 0.2% copper – “feeder vein” – see announcement 4th August 2017); and 10 metres at 0.5 g/t gold and 232 g/t silver from 146 m which includes: 1 metre at 0.7 g/t gold and 1,285 g/t silver from 150 metres; and 1.2 metres at 0.3 g/t gold, 37 g/t silver, 1.6% zinc, 1.1% lead and 0.1% copper from 166.8 metres. Diamond drill hole CMIPT061 was drilled to test the north west extension of mineralisation and has intersected a 90 metre thick zone comprising an upper 30 metre thick zone of silver rich veins and a lower 60 metre thick zone of 50 ppm to 200 ppm molybdenum that occurs in narrow fractures and as fine grained disseminations in the rhyolite host rock. The upper silver rich quartz veins also contain visible ruby silver minerals in places (Figure 7) and returned 10 metres at 86 g/t silver. Figure 7. Quartz-ruby silver vein with pyrite and arsenopyrite from 55 m depth in Hole 61. >0.5 g/t gold equivalent >1 g/t gold equivalent Figure 8. Overview of the Silica Hill Prospect showing drill hole locations and east-west trending gold-rich zones within a north east trending corridor defined by a gold-silver-molybdenum-in-soil anomaly. Note that the drilling has only tested the near surface portion of 10% of the target area. Hole CMIPT060 was drilled below Hole CMIPT063 and was an RC hole that failed to reach depth and ended in mineralisation at 88 metres and which returned: 37 metres at 1.0 g/t gold and 31 g/t silver from 51 metres. Drill holes CMIPT64 and 65 were also drilled above Hole 60 and intersected stockworks of narrow veins as previously reported. These holes were sampled at practical sample widths of about 1 metre and have returned significant widths of anomalous gold and silver assays showing that they are part of the upper lower grade silver+/- gold part zone of the system. Hole 64 returned 84 metres at 0.3 g/t gold and 18 g/t silver and hole 65 returned 62 metres at 0.5 g/t gold and 17 g/t silver, with individual one metre samples returning up to 75 g/t silver. Drill hole CMIPT071 has been completed to test below these strongly anomalous intercepts to test the lower gold-rich zone and also in particular to also test down dip extension of the high grade base metal massive sulphide veins in Hole 63. Results from Hole 71 are pending. A significant expansion of the exploration potential over at least several hundred metres along trend and also at depth has been revealed in the on-going drill programme. Diamond drill holes (CMIPT64 to 66) have now extended the mineralised vein system, which comprises a stockwork of quartz-sulphide veins about 40 metres wide, a further 50 metres along trend to the north east and comprising multiple narrow veins (Figure 9). The vein system is now about 250 metres in length and is still open along trend and at depth (see announcements dated 15 August 2017 and 4 August 2017). 77.5m 136m 123m 115m Figure 9. Examples of pyrite-arsenopyrite vein styles and orientations from Hole CMIPT64 from down hole depths shown. Similar veins are seen in Holes 65 and 66. All contain silver . Final interpretation of all drill results is in progress. 2.2 Potential Expansion of Silica Hill Mineralisation to the north east Diamond drill hole CMIPT51 was drilled about 300 metres north of and back towards the mineralized zone at Silica Hill (Figures 10 and 11). It was previously reported that this hole was abandoned at 270 metres depth because of poor drilling conditions (see announcement 20 July 2017). Hole 51 intersected a variably developed stockwork of narrow quartz-sulphide veins over the entire 270 metre length of the drill hole with three better developed zones 25 metres, 50 metres and 30 metres thick (Figure 11). Assays of the drill core demonstrate that most if not all of the veins carry anomalous gold-silver and pathfinder metals that are identical to weakly mineralised veins that lie above and adjacent to the high grade gold-silver veins being drilled to the south (Figure 10). Accordingly there is signficant potential for these vein systems to expand and become better mineralised at depth and also to join up with the well-mineralised zone currently being drilled. This is very encouraging and a priority drill target has been identified at depth below Hole 51 and will be drilled in this current programme (Figure 11). The veins in Hole 51 are mostly too small to sample in a meaningful manner and the majority of assays are from samples of between 30 cm to 2 m of core which have diluted the veins with unmineralised rock. In the better developed zones of veins, assays vary up to 0.1 g/t gold and 5 g/t silver throughout. One vein sampled individually returned 0.3 metres at 0.24 g/t gold, 7 g/t silver and 0.1% zinc from 166 metres downhole. A zone of more extensive narrow veins returned 2 metres at 0.1 g/t gold from 108 metres downhole. Figure 10. Geology of the Silica Hill-Commonwealth area and locations of Holes CMIPT50 and 51. Note that the low grade gold-silver veins in Hole 51, drilled from north east to south west, overlies an interpreted north east trending feeder zone. Hole 50 tested a conductor below Main Shaft and intersected a broad zone of copper sulphide mineralisation. Figure 11. Cross section looking north west from Main Shaft to the south and Silica Hill to the north (see Figure 10 for location). Three components to the mineralised system are evident: an upper zone of weakly mineralised gold-silver veins; a middle zone of high grade gold-silver +/- base metal veins and a lower zone of massive sulphide and increasing copper-gold-silver at depth. 2.3 Increasing evidence of a copper-gold system at depth. Diamond drill hole CMIPT50 was drilled to test an Induced Polarisation conductor at depth below the massive sulphide lens at Main Shaft and intersected a broad zone of visible disseminated copper sulphide mineralisation (Figure 3 and see announcement 20 July 2017). Assays returned: 49 metres at 0.1% copper from 269 metres down hole including: 0.8 metres at 2.5% copper, 4% zinc, 0.5% lead, 38 g/t silver and 0.2 g/t gold This is materially better than the previous best intercept in Hole 6 located 30 metres above Hole 50 which returned: 30 metres at 0.13% copper including: 1 metre at 0.7% copper, 1.1% zinc, 0.4% lead, 31 g/t silver and 0.4 g/t gold (see announcement 25 May 2017). These results have identified a copper-dominant zone that is increasing in size and grade at depth (Figure 11). This strongly supports Impact’s long held premise that the entire Commonwealth-Silica Hill system is underlain and driven by a porphyry copper-gold system. The source of the IP conductor has not been found and a down hole EM survey will be required. Together, the results from drill holes CMIPT50 and 51 and previous work demonstrate a mineralised system that extends over at least 700 metres of strike and a vertical extent of at least 400 metres. The drill programme is on-going and will continue to test this very large system which clearly has the potential to host a major deposit. 2.4 Discussion An intial interpretation of these results combined with detailed logging of the diamond core, shows that the overall north east trending corridor of mineralisation at Silica Hill is resolving into several mineralised domains related to east-west trending, steeply south dipping structures (Figure 8). The intersection of the east-west and north east trending structures appears to be a strong control on the higher grade portions and shoots of the mineralised system. At least two east-west structures have been identified, each over at least 400 metres of strike and both open along trend and at depth. One structure occurs along the southern contact of the Silica Hill rhyolite and includes the high grade assays from Holes 43 and 11 (e.g. 23 metres at 1 g/t gold and 224 g/t silver including 0.9 metres at 2.4 g/t gold and 3,146 g/t silver - see announcement 22 February 2017 for details). A second east west structure occurs 50 m to 75 m to the north and is defined in part by extensive low grade molybdenum with lesser tin and shown as the “molybdenum corridor” on Figure 8. The metal assemblage is interpreted as futher evidence that the mineralising fluids may be sourced from a late stage intrusive at depth. Further drilling will also test these structures along trend and at depth. Drilling to date at Silica Hill has only tested 10% of the combined soil-geochemical and IP geophysical target area. Larger spaced step out drilling will commence in early November. Together, these results and previous work demonstrate a mineralised system that extends over at least 700 metres of strike and a vertical extent of at least 400 metres (Figure 11). The drill programme is on-going and will continue to test this very large system which clearly has the potential to host a major deposit. 3. BROKEN HILL PGM-Ni-Cu PROJECT (Impact 100%) Moorkai Trend RockwellLittle Broken Hill Figure 12. Image of magnetic data showing Impact’s tenements at Broken Hill and key prospects. The Broken Hill Project comprises four granted exploration licences (EL7390, EL8234, EL8609, EL8636) and one application (ELA5265) (Figure 12) that cover 727 square kilometres of rocks prospective for three distinct styles of mineralistion: 1. PGE-copper-nickel associated with ultramafic rocks; 2. Zinc-lead-silver in “Broken Hill-style” deposits hosted mostly by metasedimentary rocks and amphibolites; and 3. Copper +/- cobalt +/- gold associated with ironstones and massive pyrite. Impact owns 100% of five of the licences. Under previous owners, the mineral rights for the fifth licence, EL7390, were split in the early 2000’s and Impact is now in joint venture with Silver City Minerals (ASX: SCI) for zinc-lead-silver Broken Hill style mineralisation. Impact will free-carry Silver City’s 20% interest to a Decision to Mine. Golden Cross has a 1% gross production royalty on all metals to which Impact has rights for. Impact, at its election, also has the right to buy back the royalty for $1.5 million at anytime up to a Decision to Mine, or leave the royalty uncapped during any production. No significant work was completed during the Quarter. 4. MULGA TANK (IMPACT 100%) Impact owns 100% of the Mulga Tank Project that covers about 509 sq km of the Minigwal greenstone belt located 200 km north east of Kalgoorlie in Western Australia. The project is prospective for gold and nickel deposits. Impact discovered high tenor nickel and copper sulphides at the Mulga Tank Dunite in its maiden drill programme (see announcement 29 January 2014). Three styles of nickel-copper mineralisation were identified: 1. Extensive disseminated nickel in the Mulga Tank Dunite with assays of: 2 m at 1.3% nickel including 1 m at 2% nickel and multiple 0.5 m thick zones of 0.5% to 1.2% nickel within an intercept of 115 m at 0.3% nickel; Other thick intercepts including 21 m at 0.4% nickel and 59 m at 0.3% nickel. 2. High tenor veins at the base of the Mulga Tank Dunite with assays of: 0.25 m at 3.8% nickel, 0.7% copper and 0.7 g/t PGE and 0.3 m at 0.7% nickel; and 3. High tenor nickel sulphide in multiple komatiites in a flow channel in the upper part of the dunite with assays of: 0.75 m at 0.85% nickel, 0.35% copper and 0.28 g/t PGE (Pt+Pd+Au); and 6.7 m at 0.5% nickel. The style of mineralisation and the nature of the rocks are similar to those that host the significant nickel deposits at Perseverance (1 Mt of contained nickel) and Mt Keith (>2 Mt of contained nickel) near Leinster in WA). In addition the project area occurs in the same geological terrain as the recently discovered Gruyere deposit of more than 5 million ounces of gold. The Mulga Tank project has been poorly explored for gold and this will also be a focus of the forward programme. Earlier in the year, 20 targets for gold and 16 targets for nickel were identified at Mulga Tank. Many of these targets are drill-ready and Impact is considering its options to fund this work. 5. CORPORATE During the Quarter Impact placed the Shortfall from the Share Purchase Plan (SPP) to existing Shareholders and the offer of the Shortfall to the SPP which was announced on 11 May 2017 and was approved by shareholders at a General Meeting held on 20th June 2017. Under the SPP, each Eligible Shareholder was entitled to subscribe for up to $15,000 of new fully paid ordinary shares (New Shares) at an issue price of 1.8 cents per New Share without incurring brokerage or other transaction costs. Eligible Shareholders were also offered three free attaching listed options (Free Attaching Options) exercisable at $0.04 with an expiry date of 15 June 2020 for every two New Shares subscribed for. Any New Shares and Free Attaching Options (offer Securities) not subscribed for under the SPP Offer formed the Shortfall Offer. The Company raised $1,073,971 under the SPP through the issue of 59,665,051 Shares and 89,497,590 free attaching Quoted Options. As announced to ASX on 31 August 2017, the Company raised $2,000,000 from sophisticated and professional investors by the issue of a portion of the shortfall from the Recent SPP, being 111,111,111 Shares and 166,666,667 free attaching Quoted Options. In addition a further $927,429, being 57,523,833 Shares and 77,285,750 free attached Quoted Options, was raised from a major shareholder who increased their relevant interest in the Company to 10%. The cash balance at the end of September was $3.2 million. Dr Michael G Jones Managing Director 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 information in this report which relates to Mineral Resources is based upon information compiled by Ian Glacken, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Ian Glacken is an employee of Optiro Pty Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit 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 Reposting of Exploration Results, Mineral resources and Ore Reserves. Ian Glacken consents to the the inclusion in the release of a summary based upon his information in the form and context in which it appears. Tenement Information in accordance with Listing Rule 5.3.3 Status IPT Interest at start of quarter IPT Interest at end of quarter EL5874 Granted 100% 100% EL8212 Granted 100% 100% EL8252 Granted 100% 100% EL8504 Granted 100% 100% EL8505 Granted 100% 100% EL8632 Granted - 100% EL7390 Granted 100% 100% EL8234 Granted 100% 100% EL8636 Granted - 100% ELA5265 Application - - EL8609 Granted - 100% E39/988 Granted 100% 100% E39/1072 Granted 100% 100% E39/1439 Granted 100% 100% E39/1440 Granted 100% 100% E39/1441 Granted 100% 100% E39/1442 Granted 100% 100% E39/1513 Granted 100% 100% E39/1761 Granted 100% 100% E39/1766 Granted 100% 100% E39/1767 Granted 100% 100% E39/1768 Granted 100% 100% E39/1997 Granted - 100% E39/2018 Granted - 100% E39/2019 Granted - 100% E39/2022 Application - - Granted 100% 100% E45/4971 Application - - E45/4972 Application - - E45/4973 Application - - E45/5009 Application - - E46/1171 Application - - E46/1172 Application - - E46/1186 Application - - E46/1188 Application - - E46/1189 Application - - Project / Tenement ID Commonwealth, NSW Broken Hill, NSW Mulga Tank,WA Clermont, Qld EPM14116 Pilbara, WA BROKEN HILL APPENDIX 1 - SECTION 1 SAMPLING TECHNIQUES AND DATA Criteria JORC Code explanation Commentary Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Rock Chip Samples Random rock samples were taken at surface which represented favourable geology and alteration to known mineralisation in the region. Samples are variably weathered. Soil Samples Soil samples were taken at 50 m intervals from a hole 15-20 deep and sieved to -2mm to collect about 250 g of material. Diamond Drilling Diamond drilling was used to produce drill core either with a diameter of 63.5 mm (HQ) or 47.6 mm (NQ). A handheld XRF instrument was used to analyse the drill core at 50 cm intervals. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used Rock Chip Samples Representative rock chip samples at each samp