Announcement PDF ASX ANNOUNCEMENT Date: 31 October 2018 No. 610/311018 Market Cap SEPTEMBER 2018 QUARTERLY REPORT A$15.8 m (0.012 p/s) 1. BLACKRIDGE GOLD PROJECT (IPT 100% and option for 95%)  Approximately 8.5 tonnes of samples collected covering the likely range of ore processing properties. Majority of samples successfully wet processed.  Purchase of 100% of ML2386 for $30,000 and replacement of bonds of $7,000 which covers 500 metres of prospective unconformity at surface.  Further bulk sampling programmes to commence as soon as practicable.  Scientific research confirms gold mineralisation comprises hydrothermal fine gold as well as larger nuggets suggesting conventional resource calculations may be possible. Issued Capital 1,321,679,789 Listed Options 499,910,556 IPTOA 2. COMMONWEALTH GOLD-SILVER-BASE METAL PROJECT, N.S.W. (IPT 100%) Directors  Chairman Assays from four diamond drill holes at Main Shaft confirm significant extensions to near the surface, high grade massive sulphide unit both along trend and at depth: Hole 084 returned: 5.7 metres at 3.8 g/t gold, 347 g/t silver, 10.8% zinc and 3.7% lead from 52.1 metres down hole; including 0.7 metres at 15.6 g/t gold, 245 g/t silver, 8.6% zinc and 1.9% lead; and 0.5 metres at 4.9 g/t gold, 917 g/t silver, 10.2% zinc and 4.6% lead from 56.9 metres. Peter Unsworth Dr Michael Jones Managing Director Paul Ingram Non-Executive Director Markus Elsasser Non-Executive Director Eamon Hannon Non-Executive Director Hole 082 returned: 4 metres at 3.3 g/t gold 129 g/t silver, 7% zinc and 1.9% lead from 96.4 metres down hole; including 2.1 metres at 5.1 g/t gold, 239 g/t silver, 12.8% zinc and 3.5% lead. Hole 083 returned: 2.6 metres at 7.9 g/t gold, 164 g/t silver, 5.3% zinc and 3.1% lead from 96.9 metres down hole. Hole 085 returned: 1.7 metres at 1.8 g/t gold 72 g/t silver 1.5% zinc 0.5% lead from 49.3 metres down hole in a historically poorly drilled area within 30 metres of surface. Bernard Crawford Company Secretary a 26 Richardson Street West Perth Western Australia 6005 t +61 (8) 6454 6666 f +61 (8) 6314 6670 e info@impactminerals.com.au www.impactminerals.com.au  In addition Hole 083 intersected a narrow high grade massive sulphide unit about 30 metres below the Main Shaft unit and confirms the discovery of a second massive sulphide unit that is at least 100 metres by 150 metres in dimension and is untested at depth. The second massive sulphide unit returned: 1 metre at 3.1 g/t gold, 57 g/t silver, 9.4% zinc and 4.3% lead from 143 metres down hole; including 0.3 metres at 0.8 g/t gold, 150 g/t silver, 30.2% zinc and 13.6% lead.  Assays from two diamond holes at Commonwealth South confirm extensions of mineralisation at depth and final assays are still awaited.  Assays from two diamond drill holes at Silica Hill confirm extensions to gold and silver mineralisation for 200 metres to the east. Mineralisation open down plunge. 3. CLERMONT GOLD PROJECT, QUEENSLAND (IPT 100%)  Drill programme completed. Interpretation of results in progress by respected consultant Dr Gregg Morrison. 4. MULGA TANK PROJECT (IPT 100%)  Reconnaissance drill programme completed. Results under review. 5. PILBARA GOLD PROJECT  Sale of tenements to Pacton Gold completed. 6. CORPORATE  Cash at September 30th $2.7 million. 1. BLACKRIDGE GOLD PROJECT (IPT 100% and option for 95%) 1.1 Bulk Sampling During the Quarter a first pass programme of bulk samples weighing about 8.5 tonnes in total was collected from Impact’s Blackridge conglomerate-hosted gold project located about 30 km north of Clermont in central Queensland (Figures 1, 2 and 3). The samples were collected at or near the gold-bearing contact (unconformity) between an upper younger unit of Permian conglomerates and a lower unit of schist, part of the older Anakie Metamorphic Group (Figure 1). Figure 1. Outcrop of free-digging conglomerate. Unconformity at base of cliff. The samples were chosen on the basis of the presence of gold nuggets discovered by prospectors and also for their rock mechanics properties to help determine likely processing routes for larger sampling programmes. Three main sample types have been identified: free digging samples; hard indurated (solid) rock; and clay-rich samples. The majority of the samples comprise free digging material of friable conglomerate and it is evident that large volumes of this material are present on Impact’s licences. These samples were wet processed in a facility in Queensland and the initial results reported on October 23rd 2018. Further consideration will be given to the other sample types in due course. Work by companies such as Novo Resources Corporation in the emerging conglomerate-hosted gold province of the Pilbara region of Western Australia, has shown that very large samples may need to be processed in order to overcome the signficant “nugget effect’ that is a major factor in the exploration for this style of deposit. Impact has shown that the nugget effect was an important factor in previous exploration drilling at Blackridge (ASX Release May 29th 2018). Figure 2. Examples of Sample Sites at Blackridge including samples taken from previous workings. 1.2 Purchase of Granted Mining Lease ML2386 During the Quarter Impact also acquired a 100% interest in Mining Lease ML2386 that covers about 500 metres of the gold-bearing unconformity at Blackridge (Figures 4 and 5). The Mining Lease, which is fully granted and was acquired from a local prospector for a cash payment of $30,000 and replacement of environmental bonds of approximately $7,000. Ministerial consent for the purchase was recently received and the lease is now registered in Impact’s name. The granted Lease is an excellent strategic acquisition as it allows immediate access for large bulk samples, a key factor in determining grade in conglomerate-hosted gold deposits. A test work programme is being designed which in the first instance will comprise trenching to expose and map the unconformity throughout the Lease. Samples from these trenches will be processed accordingly to determine the gold content. This will be an important first step in the search for a mineable resource at Blackridge. 1.3 Evidence for Hydrothermal Gold at Blackridge Previous exploration work by Denison Resources Limited (Herbert, 1989: Geology and Gold Potential, Blackridge, Clermont, Queensland #CR20347) which included extensive RC drilling, opening up of some of the underground workings, bulk testing, mineralogy, geochemistry and isotope analysis suggested that some of the gold at Blackridge may be related to a delicate interplay between sedimentary and hydrothermal processes. A similar phenomenon has recently been proposed for some of the gold in conglomerates in the Pilbara (unpublished public presentation by researchers working for Novo Resources Corporation). A detailed study of Blackridge was completed in the mid 1990’s by researchers from James Cook University in Queensland who showed that some of the gold mineralisation had indeed been derived from hydrothermal fluids and were not transported nuggets. In particular it was documented that major faults and veins of iron carbonate (siderite) were closely associated with the gold and that the gold had been precipitated from hot fluids (Zhou et al Journal of Economic Geology Volume 89 pp 1469-1491). This is an important factor in exploration for this style of deposit and a cornerstone to Impact’s forward programme. In particular it suggests that the gold at Blackridge may have a more predictable distribution and allow resources and reserves to be calculated in a straightforward manner. ABOUT THE BLACKRIDGE PROJECT The Blackridge Project is an advanced conglomerate-hosted gold project that covers the historic Blackridge and Springs mining camps which produced about 185,000 ounces of gold from 1879 to the early 1900’s from surface down to depths of about 70 metres in small shafts and related underground workings (Figure 4). Further discoveries were made in the Clermont region including the Springs field in the 1930’s and the total production from conglomerates in the region is estimated by the Geological Survey of Queensland to be more than 300,000 ounces of gold (ASX Release May 29th 2018). Impact’s project covers 91 square kilometres and comprises one 100% owned Exploration Permit (E28806) and one Exploration Permit (E26066) and four Mining Lease applications (ML 100158, 59, 60 and 61) for which Impact has an option to buy 95% from Rock Solid Holdings Pty Limited (Figures 4 and 5; ASX Release May 29th 2018). Figure 3. Location of the Blackridge and Clermont/Retro Projects in central Queensland. In addition, the project also includes the newly acquired Mining Lease ML2836 which lies in the centre of the project area (Figure 5 and ASX Release 31 August 2018)). Figure 4. Location and geology of the Blackridge Project. The gold produced at Blackridge was mostly hosted in basal conglomerates of Permian-aged sedimentary basins which include the mined coal measures that unconformably overlie the Anakie metamorphic rocks of Middle Ordovician age and older (Figures 4 and 5). The unconformity between the conglomerates and underlying schist is present at surface over about 1,500 metres of trend at Blackridge. Much of the lease is covered by loose gravel with only a few outcrops of conglomerate and schist in places. This cover, within which small gold nuggets have been found by prospectors over many years, has hindered previous exploration and there has been no recent systematic exploration in the area. Figure 5. Location and geology of the Blackridge mining centre showing ML2386. Impact also has an option to purchase 95% of the two mining lease applications MLA10058 and 10059. Also shown are the collar locations of previous drill holes. This data is being compiled. The basal conglomerates at the unconformity are reported to contain most of the gold. Average mining grades at Blackridge were between 10 g/t and 20 g/t gold with higher grades of up to 10 ounces per tonne (320 g/t) gold in places, for example at the Bantam shaft (Figure 3) as recorded by Lionel Ball of the Geological Survey of Queensland. Ball completed detailed studies of the gold field at Blackridge in a report published in 1905 (Geological Survey of Queensland Publication No. 201: publically available). Figure 6. Section from the Bantam shaft at Blackridge (from Ball, 1905 Geol Surv. Qld Publ. 201). The section covers the basal two metres of a shaft about 70 metres deep. Figure 6 is a coloured reproduction of a figure from Ball’s report showing the distribution of gold within the basal six feet (1.8 metres) of sedimentary rock at the Bantam shaft (Figure 3). There are high grades of gold throughout the sequence with very high grades of up to 10 ounces per tonne in the basal conglomerate “wash” which also contains narrow units of black shale. Progress has also been made on the grant of the four MLA’s under option from Rock Solid Holdings Pty Ltd as well as the Compensation Agreement with the landowner. Native Title negotiations are also underway. Work will commence on these Leases and the Exploration Licences as soon as these arrangements are completed. 2. COMMONWEALTH GOLD-SILVER-BASE METAL PROJECT, N.S.W. (IPT 100%) High grade assay results from the eight diamond drill holes completed at Impact Minerals Limited’s (ASX:IPT) 100% owned Commonwealth Project located 100 km north of Orange in New South Wales, have confirmed significant extensions to the mineralisation at the Main Shaft, Silica Hill and Commonwealth South Prospects and importantly have identified a second massive sulphide body below Main Shaft (ASX Release September 18th 2018). The mineralisation at all Prospects is still open along trend and at depth and further drilling is required. Figure 7. Location of new drill assays at Main Shaft and Silica Hill (yellow labels). The Main Shaft Prospect covers the area labelled “Massive Sulphide Resource”. The Silica Hill Prospect is in the centre of the map. The Commonwealth South Prospect lies just south of the map. Main Shaft Massive Sulphide Unit At Main Shaft four diamond drill holes were completed to test for extensions at depth and along trend from the previously identified gold and silver-rich massive sulphide lens1. All four holes intersected varying widths of massive and/or semi-massive sulphide mineralisation at the upper eastern contact of the Commonwealth porphyry. The second massive sulphide unit, which was intersected in one hole in this programme, lies immediately below the lower western contact of the Commonwealth porphyry (Figures 7 and 8). The other 3 holes did not penetrate to the lower contact. Drill hole locations are shown in Figure 7 and other details are given in the tables at the end of this report. Figure 8. Cross section showing the upper and lower massive sulphide units at Main Shaft (see Figure 7 for section location). Both lenses are open at depth. Hole CMIPT084 was drilled 15 metres north of the massive sulphide lens2,3 and intersected 5.7 metres true width of massive sulphide from 52.1 metres down hole at the hanging wall contact of the Commonwealth porphyry unit (Figures 7 and 8). Figure 9 shows the pyrite-rich and sphalerite-rich styles of mineralisation for comparison. Hole 84 has returned: 5.7 metres at 3.8 g/t gold, 347 g/t silver, 10.8% zinc and 3.7% lead from 52.1 metres down hole; including 0.7 metres at 15.6 g/t gold, 245 g/t silver, 8.6% zinc and 1.9% lead from 52.5 metres; and 0.5 metres at 4.9 g/t gold 917 g/t silver 10.2% zinc and 4.6% lead from 56.9 metres down hole. This has extended the massive sulphide lens at Main Shaft for 15 to 20 metres along trend to the north and importantly for any future mining operation, the mineralisation is within 30 metres of surface. 54.1m-54.3m 54.3m-54.4m Figure 9. Hole CMIPT084: Photographs of end-member styles of massive sulphide mineralisation: massive pyrite (bronze colour) with fine grained sphalerite and galena (upper) and massive sphalerite (red-brown) with galena (silver grey) (lower). Similar styles of mineralisation occur in all four drill holes at Main Shaft. Hole CMIPT082 was drilled 20 metres down dip from previous high grade drill intercepts3 and intersected two metres true width of semi-massive sulphide with surrounding disseminated sulphide (Figure 8). Hole 082 has returned: 4 metres at 3.3 g/t gold, 129 g/t silver, 7% zinc and 1.9% lead from 96.4 metres down hole; including 2.1 metres at 5.1 g/t gold, 239 g/t silver, 12.8% zinc and 3.5% lead from 98 m down hole. Hole CMIPT083 was drilled 20 metres along trend from Hole 082 and intersected 2.6 metres true width of semi-massive sulphide. Hole 083 has returned: 2.6 metres at 7.9 g/t gold, 164 g/t silver, 5.3% zinc and 3.1% lead from 96.9 metres down hole. Importantly, these intercepts all indicate the upper massive sulphide unit at Main Shaft extends from surface to a depth of about 100 metres and is still open below and to the south (Figures 7 and 8). Hole CMIPT085 was drilled in an area of little drilling about 70 metres along trend to the south of the massive sulphide lens at Main Shaft (Figure 7). This hole intersected 1.5 metres true width of brecciated massive sulphide and is the first indication of massive sulphide in this area. This is encouraging as it suggests there is potential here for further near surface mineralisation. Hole 085 has returned: 1.7 metres at 1.8 g/t gold, 72 g/t silver, 1.5% zinc and 0.5% lead from 49.3 metres down hole. Second Massive Sulphide Unit In addition to the intercept of the massive sulphide unit at Main Shaft, Hole CMIPT083 also intersected a 20 metre thick zone of alteration and patchy sulphide mineralisation from 130 metres down hole below the Commonwealth porphyry (Figure 8). Within the zone is a one metre thick zone of brecciated massive sulphide comprised mostly of sphalerite with patches of chalcopyrite (Figure 10). Figure 10. Hole CMIPT083: massive and brecciated massive sphalerite (red-brown) with lesser galena. Up to 3% chalcopyrite (yellow) is present in places. In this zone Hole 083 returned: 1 metre at 3.1 g/t gold, 57 g/t silver, 9.4% zinc, 4.3% lead and 0.3% copper from 143 metres down hole. This includes a narrow zone of massive high grade sphalerite which returned 0.3 metres at 0.8 g/t gold, 150 g/t silver, 30.2% zinc and 13.6% lead. The massive sulphide unit is the first confirmed presence of a high grade gold-rich massive sulphide unit below the Commonwealth porphyry. It occurs within a copper-rich mineralised horizon that is up to 50 metres thick and has been intersected in 12 previous drill holes. The previous drill holes contain higher grade intercepts in places which are interpreted to be alongtrend continuations of Hole 083. For example Hole CMIPT006 returned 31 metres at 0.13% copper and 5 g/t silver including 1 metre at 1% copper, 1.1% zinc, 0.4% lead, 34 g/t silver and 0.4 g/t gold; and Hole CMIPT050 returned 49 metres at 0.1% copper including 0.8 metres at 2.5% copper, 4% zinc, 0.5% lead, 39 g/t silver and 0.2 g/t gold.2,3,4 The results suggest the massive sulphide unit is increasing in grade, gold content and potentially thickness with depth (Figure 8). All of this indicates significant exploration potential for another thicker massive sulphide unit down plunge and below the level of current drilling (Figures 7 and 8). Silica Hill At Silica Hill two diamond drill holes were completed to test down dip and along-trend extensions to the previously discovered high grade gold and silver mineralisation4,5. Hole CMIPT081 was drilled 65 metres along trend from previous high grade drill intercepts4,5 and intersected an eight metre thick true width zone of disseminated and wispy bands of up to 20% pyrite in places from 202 metres down hole. A stronger mineralised zone about five metres thick was intersected from 212 metres down hole. Hole 081 has returned: 5.5 metres at 1.3 g/t gold and 170 g/t silver from 212 metres down hole including 0.5 metres at 2.5 g/t gold and 773 g/t silver. Hole CMIPT080 was drilled 125 metres along trend from Hole 081 and intersected a 24 metre thick true width zone of patchy to pervasive silica-sericite-sulphide alteration with disseminated and narrow veins of pyrite with trace pathfinder metals arsenic, zinc and lead from 317 metres down hole. This includes a 0.5 metre thick quartz sulphide vein with visible silver minerals at 317.5 metres down hole. Hole 080 returned a broad alteration zone of 93 metres at 0.04 g/t gold and 3 g/t silver with a narrow zone of 0.6 metres at 0.6 g/t gold and 48 g/t silver. Both of these holes demonstrate a continuation of the Silica Hill mineralised system for at least 200 metres along trend. However the zone is narrower than previous drill holes to the west (Figure 7). The mineralisation is open at depth, in particular to the west, and this is a key target for follow up drilling. The mineralisation at Silica Hill is still open in all directions and further deeper drilling is required. Commonwealth South At Commonwealth South, located 400 metres south of Main Shaft, the two diamond drill holes tested the down plunge extension of a previous high grade drill intercept of 7 metres at 25.5 g/t gold, 62 g/t silver, 3.8% zinc and 1.6% lead in Hole CMIPT0176. Hole CMIPT086 intersected 2.5 metres of semi-massive pyrite and zinc sulphide with lesser lead sulphide in an 8 metre thick zone of disseminated and vein-hosted sulphide from about 96 metres down hole. Hole CMIPT087 intersected about 10 metres of vein and stringer mineralisation with narrow zones of semi-massive sulphide from about 96 metres down hole. In addition both holes intersected a second zone of disseminated sulphide and stringer vein mineralisation deeper in the drill holes, below the porphyry unit. This is encouraging. The mineralisation is dominated by thicker layers of pyrite interlayered with up to 15% fine grained zinc sulphide (sphalerite) and up to 5% lead sulphide (galena). In a few places there are also zones with thick layers of sphalerite with lesser galena and pyrite. Assays from these final two holes are due shortly, following a delay in the laboratory. All eight diamond drill holes successfully intersected mineralisation in the drill programme. DISCUSSION AND NEXT STEPS All of these results indicate the potential to increase the Inferred Resources at Commonwealth both for the overall resource, which extends from Main Shaft to Commonweath South, and for the higher grade massive sulphide resource within it, at Main Shaft (Figure 7). The Inferred Resource was prepared in accordance with the JORC 2012 Code by independent resource consultants Optiro2. At a 0.5 g/t gold cut off the entire Inferred Resource is: 720,000 tonnes at 2.8 g/t gold, 48 g/t silver, 1.5% zinc, 0.6% lead and 0.1% copper. The resource extends from surface to an average depth of 90 metres, has a strike length of 400 metres and is up to 25 metres thick. A separate Inferred Resource (included within the overall resource) was also calculated for the massive sulphide lens at Main Shaft alone to demonstrate the high grade nature of such deposits that are the principal target for Impact’s exploration programme. The Main Shaft Inferred Resource is: 145,000 tonnes at 4.3 g/t gold, 142 g/t silver, 4.8% zinc, 1.7% lead and 0.2% copper. Upon receipt of the final assays a detailed synthesis and interpretation of all data collected will be commenced with a view to a resource upgrade by Q1 2019. In addition further drilling is required at all prospects. Impact will look to drill these areas in 2019. Previous Exploration Results and Mineral Resource Estimates have been reported to the ASX in a large number of announcements over the past few years. The significant announcements referred to and numbered in this report are: 1. 6 August 2018 – ASX Release “Further massive sulphide mineralisation at Commonwealth, NSW” 2. 19 February 2015 – ASX release “Maiden high grade resource at Commonwealth, NSW.” 3. 30 June 2016 – ASX release “High grade extensions to the Commonwealth Deposit.” 4. 28 March 2018 – ASX release “Further evidence of large mineralised system at Silica Hill.” 5. 13 February 2018 – ASX release “High grade silver intersected at Silica Hill.” 6. 22 September 2014 – ASX release “Bonanza gold grades at Commonwealth South.” Details on these previous results can also be found in the Appendix. Impact Minerals confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcements referred to and in the case of Mineral Resource Estimates, that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 3. CLERMONT GOLD PROJECT, QUEENSLAND (IPT 100%) A drill programme to test five target areas for vein-hosted gold mineralisation at the Clermont Project located 30 km south of the town of Clermont in central Queensland was completed during the Quarter. The project is located in the southern part of the Drummond Basin in Central Queensland, a prolific epithermal gold-silver belt which hosts several world class gold deposits such as Pajingo (VeraNancy) (>5 Moz), Mt Leyshon (>3 Moz) and Mt Wright (>1 Moz) (Figure 3). The five target areas being drill tested were identified on the basis of anomalous soil and rock chip geochemistry and Induced Polarisation ground geophysical anomalies together with previous drill results where available (see ASX Release July 18th 2018). Assays are still being received and interpreted by respected epithermal and porphyry mineralisation specialist Dr Gregg Morrison. Final interpretations are expected to be completed in November. 4. MULGA TANK PROJECT (IPT 100%) A reconnaissance aircore drill programme was completed during the Quarter at Impact Minerals Limited’s Mulga Tank project located 200 km north east of Kalgoorlie in Western Australia. The programme tested five targets for gold and nickel-copper-cobalt mineralisation hosted in Archaean greenstones and as identified in magnetic and gravity data together with anomalous drill results from previous explorers and work completed by Impact. This work has shown that the style of mineralisation and the nature of the rocks in the greenstone belt 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 (Figure 1). 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. Poor drilling conditions were encountered in a number of areas and each target area was only tested by a few drill holes and the nickel targets were not effectively tested. No significant gold results were returned and the project is being reviewed. 5. COMPLETION OF SALE OF PILBARA GOLD PROJECT TO PACTON GOLD INC The Share Sale Agreement for sale of the Company’s Pilbara gold project to Pacton Gold Incorporated as announced to the ASX on May 29th 2018 was completed during the Quarter. Under the terms of the Share Sale Agreement, Pacton has purchased a 100% ownership interest in Impact’s wholly owned subsidiary Drummond East Pty Limited which holds seven 100% owned granted Exploration Licences in the Pilbara region of Western Australia (E45/4971-72-73; E46/117172; and E46/1188-89). The total consideration to be paid by Pacton to Impact for the purchase was CAD$350,000 and 2,125,000 common shares of Pacton. In addition a payment of CAD$500,000 is due if an Inferred Resource of 250,000 ounces or greater is discovered on the licences. Impact will return a 2% NSR with Pacton retaining the right to buy back 1% of the royalty for CAD$500,000 at anytime. Impact also will provide on-going technical advice to Pacton’s team and looks forward to working with them as exploration in the Pilbara progresses. Pacton has a strong business plan for its exploration in the Pilbara and is well funded following a recent CAD$5.5 million raising including CAD$2 million from Eric Sprott, a major direct and indirect shareholder in Novo Resources Corporation. 6. CORPORATE Cash at September 30th was $2.7 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). Dr 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. Impact Minerals confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcements referred to and in the case of mineral resource estimates, that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 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% 100% EL7390 Granted 100% 100% EL8234 Granted 100% 100% EL8636 Granted 100% 100% EL8674 Granted 100% 100% EL8609 Granted 100% 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% 100% E39/2018 Granted 100% 100% E39/2019 Granted 100% 100% E39/2022 Granted 100% 100% E39/2065 Granted 100% 100% Granted 100% 100% EPM26806 Application - - ML2386 Granted - 100% Project / Tenement ID Commonwealth, NSW Broken Hill, NSW Mulga Tank,WA Clermont, Qld EPM14116 Blackridge, Qld COMMONWEALTH 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 grab samples were taken at surface which represented favourable geology and alteration to known mineralisation in the region. Samples are variably weathered. Soil Samples About 250g of soil was taken from 15-20cm below surface and sieved to - 2mm size. Samples put in plastic snap seal bags. Samples were subsequently sieved to -250 micron at SGS Laboratories for assay by aqua regia digest. RC Drilling Reverse Circulation (RC) percussion drilling was used to produce a 1m bulk sample (~25kg) which was collected in plastic bags and representative 1m split samples (12.5%, or nominally 3kg) were collected using a riffle splitter and placed in a calico bag. The cyclone was cleaned out with compressed air at the end of each hole and periodically during the drilling. Holes were drilled to optimally intercept interpreted mineralised zones. Diamond Drilling Diamond drilling was used