Impact Minerals

Annual Reports

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Access the latest Annual Reports covering the Company’s financial performance, operations, and                      key project and corporate developments each year.

On 18 November 2026, 2,374,767 of our ordinary shares will come out of escrow. These shares were issued as part of the consideration we paid to acquire exploration licence EL8024, and like any shares issued for an acquisition, they've been locked up under ASX rules for a set period before they can be freely traded.

This is a routine, scheduled step rather than a new corporate development. It doesn't change the total number of shares on issue, the shares already exist and are already counted in our capital structure. What changes is that the holder will now be free to sell them on market if they choose to, where previously they couldn't.

For existing shareholders, it's worth knowing that once these shares are released, there's a possibility some may be sold, which can add to the shares available for trading. We can't say whether or when that will happen, that's entirely up to the holder.

We're required to notify the market of escrow releases under the ASX listing rules, and this announcement is us meeting that obligation. There's nothing else attached to it: no change to our exploration programmes, our projects, or our financial position.

If you'd like to understand what this means for your holding, feel free to send us a question through the hub.

Our Lake Hope high purity alumina project is moving into a new phase of testing, and we wanted to walk you through what that means.

We're now running coordinated lab and pilot-scale work across the full Lake Hope flowsheet. Edith Cowan University is building a pilot facility in Joondalup under our CRC-P research collaboration, and we've engaged Simulus Group for specialist work involving corrosive reagents and hydrogen chloride gas sparging. Together, this programme is working through every stage of the process, from leaching and crystallisation through to thermal processing and calcination.

The target is clear: produce around 20 kilograms of candidate 4N high purity alumina that can be independently verified and shown to potential customers. This is about proving the process works at scale, not just in the lab, and building the data we need before committing to the next stage.

As our Chair, Jim McKerlie, put it, these are practical and necessary steps that validate the process and give us the evidence to scale up with confidence.

It's worth being clear-eyed about where we are: this is test work, aimed at refining our understanding of recovery rates, impurities and equipment needs. It may point to areas needing further testing or different equipment choices. That's the nature of this stage, and it's exactly why we're doing it, to build a stronger, evidence-based foundation before the next step.

If you'd like to know more about what this means for Lake Hope, we welcome your questions through the hub.

We're proposing to change our name to Altrica Advanced Materials Limited, subject to shareholder approval at the AGM on 30 November 2026.

This follows the strategic review we announced on 26 October 2026, which set a single capital priority: producing high-purity alumina (HPA) from the Lake Hope Project. The Impact Minerals name reflects where we came from, exploring for precious, base and other metals. The Board believes the name should now reflect where we're going.

HPA remains the core of the investment case. The June 2025 Lake Hope pre-feasibility study indicated an NPV10 of A$1.165 billion and a post-tax IRR of 47%, based on around 33 years of feedstock, and we confirm the material assumptions behind that study haven't materially changed. The HPA business, Lake Hope and Alluminous, will keep being managed and presented separately from our precious and base metals portfolio at Broken Hill and Commonwealth, with our exploration team pivoting towards critical minerals.

Importantly, the Lake Hope pilot plant installation and commissioning programme stays on track to begin on 30 November 2026, so the near-term milestone investors are watching hasn't shifted.

There's nothing for shareholders to do here. Your shareholding is unaffected by a name change, and the proposal requires special resolution approval, set out in the Notice of Meeting for the AGM. If approved, we'll confirm the effective date and any change to the ASX code in due course.

If you have questions about any of this, we'd like to hear them through the question box on this page.

This has been a quarter of real change at Impact, and we want to be straight with you about it.

Jim McKerlie has stepped in as Executive Chair following Mike Jones's departure for health reasons after 20 years leading the company. We thank Mike for his work building our HPA strategy, and Jim is now running a 100 day plan to sharpen our direction and bring the company up to institutional investor readiness. That plan is on track, and a name change will be put to shareholders at the AGM on 30 November to reflect our new focus.

That focus is the Lake Hope high purity alumina project, which our Pre-Feasibility Study shows could deliver a post-tax NPV10 of A$1.165bn and a 47% IRR, figures the company confirms still apply. During the quarter, independent testing found uranium and thorium below 1 part per billion in our best sample, hitting the threshold used in advanced semiconductor applications. Pilot work continues with Edith Cowan University.

Our Alluminous associate also hit a milestone, with battery technology partner C4V confirming our HPA meets separator coating specifications, and an independent scoping study found a staged US plant could deliver strong returns, though this is early-stage and not yet attributable to our 50% share.

At Commonwealth-Silica Hill, our joint venture partner Kuniko has earned 51% and extended drilling at Silica Hill, with assay results and an updated resource estimate due in the coming months.

We completed a A$2.2 million rights issue in September, and held A$2.61 million in cash at quarter end.

We're happy to take your questions on this announcement through the hub.

We closed the September quarter with A$2.614 million in cash, up from A$2.082 million at the start of the quarter.

During the quarter we spent A$696K on exploration and evaluation across our project portfolio, plus A$13K on plant and equipment and A$254K on investments. Operating costs included A$208K in staff costs and A$390K in administration and corporate costs, partly offset by A$309K received in government R&D rebates and A$14K in interest.

On financing, we raised A$2.205 million from the issue of equity securities, with A$235K in transaction costs, and repaid A$200K in borrowings. That brought net cash from financing activities to A$1.770 million for the quarter.

Looking ahead, our total relevant outgoings (operating and exploration spend combined) came to A$971K for the quarter. With A$2.614 million in cash on hand and no unused finance facilities, we estimate this gives us around 2.69 quarters of funding at the current rate of spend.

This report is the standard quarterly cash flow statement we're required to lodge with the ASX, and it covers cash movements only rather than the full picture of our exploration progress across projects like Broken Hill and Arkun.

If you have questions about this announcement, we'd welcome you raising them through the question box on this page.

Our Annual General Meeting is coming up, and we want to make sure every shareholder knows what's on the agenda and how to have a say.

The meeting will be held on Monday, 30 November 2026 at 10:00am (AWST) at 9 Richardson Street, West Perth. If you can't attend in person, you can vote by proxy, and we'd encourage you to do so. Proxy votes need to be lodged by 10:00am (AWST) on Saturday, 28 November 2026.

There are ten resolutions this year. Alongside the usual remuneration report vote and director elections (Jim McKerlie, Scott Phegan and Dr Lana Weldon are all standing), shareholders are being asked to ratify three prior share and option issues that raised funds for our Lake Hope and Salmon Gums projects, our investment in Alluminous Pty Ltd, and exploration at Broken Hill, as well as a tenement acquisition settled in shares.

Two resolutions are worth flagging in particular. Resolution 8 asks for approval of a 10% placement facility, giving us extra flexibility to raise capital over the next 12 months without needing to come back to shareholders each time, subject to pricing and dilution limits set out in the notice. Resolution 9 proposes changing our name to Altrica Advanced Materials Limited, which the board believes better reflects where the company is heading. Resolution 10 asks shareholders to approve lifting the non-executive director fee pool from $250,000 to $500,000 per annum.

The board has made recommendations on each resolution, set out in full in the notice of meeting and explanatory memorandum, and some resolutions carry voting exclusions that are worth reading carefully if they apply to you.

We'd encourage every shareholder to read the full notice before voting, and if you have questions about any of this, we're glad to hear them through the question box on this page.

This announcement is our Appendix 4G, the formal checklist that confirms how Impact Minerals' governance practices measure up against the ASX Corporate Governance Council's recommendations for the year ended 30 June 2026.

There's nothing financial in this document, no change to our projects, and no news that affects the exploration work under way. It's a compliance lodgement that accompanies our annual report, and it points investors to our full Corporate Governance Statement, published on our website.

The short version: we've confirmed we follow every one of the Council's recommendations that applies to us, across board structure, director independence, risk oversight, remuneration practices, continuous disclosure and shareholder communication. Our board charter, code of conduct, whistleblower policy, anti-bribery policy and committee charters are all publicly available on our website for anyone who wants the detail behind the ticks.

We see this as part of being straightforward with the people who own the company. Good governance doesn't make headlines, but it underpins how we run Impact Minerals and how decisions get made on your behalf, whether that's at Broken Hill, Arkun or across our other projects.

If you'd like more detail on any of these governance arrangements, our full statement is linked above, and you're welcome to ask us a question through this page.

We've lodged our Corporate Governance Statement for the year, which sets out how our board and committees operate and measures that against the ASX Corporate Governance Council's recommendations.

The headline is that we comply with almost all of the recommendations. We have an Audit and Risk Committee and a Remuneration and Nomination Committee, both established in June 2026, each chaired by and made up of independent directors. Jim McKerlie has moved from independent Chair to Executive Chair, and our board remains majority independent with three of four directors considered independent: Paul Ingram, Frank Bierlein and Jim McKerlie, alongside executive director Scott Phegan.

There are a few areas where we've only partially complied, and we've been upfront about why. Given our size, we haven't set formal measurable objectives for gender diversity, though the board monitors this and currently has no women on the board or in senior executive roles. Similarly, formal performance reviews of the board and senior executives weren't carried out this year, those discussions happened informally through regular contact between the Chair, the board and management, which we think is appropriate while we remain a company of our scale.

None of this changes our underlying activities or financial position, it's a governance disclosure required of all ASX-listed companies. The full statement sets out the detail recommendation by recommendation if you want to see how each area is handled.

If you've got questions about any of this, use the question box on our investor hub.

Impact Minerals has set a clear direction this year: we are building a high-purity alumina business from our salt lake assets in Western Australia, while our precious and base metal projects continue on separate, partner-funded pathways.

At Lake Hope, our flagship project, we moved from the completed pre-feasibility study towards a definitive feasibility study, with a pilot plant programme underway at Edith Cowan University and no material change to the PFS assumptions, which showed a post-tax NPV10 of A$1.165 billion and a 47% IRR. Nearby, our Kumarl potash and hydrochloric acid project advanced with encouraging metallurgical results and an Exploration Target now defined, though this remains conceptual and there is no certainty it will convert to a Mineral Resource. Alluminous, our 50%-owned associate, shipped its first HPA samples to US battery partner C4V and progressed a scoping study, which carries an accuracy of around ±50% and needs further work before any economic case is confirmed.

At Commonwealth-Silica Hill, our partner Kuniko funded exploration and earned a 51% interest one year early, with drilling extending high-grade gold and silver mineralisation. Our interest here is free-carried, preserving our capital for the HPA strategy.

Financially, the net loss for the year was $4.89 million, down from $9.02 million last year, largely reflecting a lower impairment charge against exploration expenditure. We raised $4.1 million in September 2025 and $2 million in March 2026, and after year end a rights issue raised $2.2 million, below the amount sought, with our broker now managing the shortfall placement.

There has also been change at board level, including a new executive chair and the resignation of our long-serving managing director after year end. A 100-day plan is underway to prepare the company for the next phase of institutional investment.

If you have questions about this announcement, we'd encourage you to submit them through the question box on this page.

We're letting shareholders know that Lana Weldon has joined our board as a director, effective 28 October 2026.

This is a routine ASX filing, an Initial Director's Interest Notice, which every new director lodges when they're appointed. It records that Lana Weldon currently holds no relevant interests in Impact Minerals securities and has no interests in any contracts with the company.

Filings like this are about transparency rather than news of substance. They let the market see, from day one, exactly where a director stands in relation to the company's shares and any dealings, and they'll be updated if that position changes.

If you'd like to know more about Lana Weldon's background and what she brings to the board, that detail would typically sit in a separate appointment announcement rather than this notice.

If you have questions about this announcement, we'd encourage you to send them through the question box on this page.

Impact Minerals had a productive June Quarter, with progress made on the Lake Hope High Purity Alumina Project and the Salmon Gums potash-hydrochloric acid project. An experienced independent Chair was appointed to lead the company through feasibility and financing. Exploration work in New South Wales resulted in mineralisation discoveries and a resource upgrade is expected before year-end. The Lake Hope project, located in WA, is advancing towards a Definitive Feasibility Study, with robust economics and promising outlook. Progress includes engagement with Ngadju Native Title Aboriginal Corporation, technological advancements, and grant applications to support critical minerals. In addition, joint ventures and projects in NSW and WA showed positive results and advancements. The Company remains focused on strategic growth and development, with a strong financial position and market capitalisation. Investors are encouraged to inquire further about the progress and future plans outlined in the activities report. 

If you have any questions or would like more information about our projects and progress, please feel free to reach out to us. Thank you for your continued support and interest in Impact Minerals.

Dear Investors, in our recent quarterly cash flow report for the period ending June 30, 2026, Impact Minerals Limited has shown a net cash outflow from operating activities, investing activities, and financing activities. This has resulted in an increase in cash and cash equivalents at the end of the period compared to the beginning. We have received proceeds from issues of equity securities and have made investments in exploration and evaluation activities.

As of the quarter end, we have available funding to support future operating activities, with a projected 1.69 quarters of funding available. The Company remains committed to maintaining current levels of operating cash flows and is actively working on raising further funds as needed to support our operations. We are confident in our ability to continue operations and achieve our business objectives.

Should you have any questions regarding our financial activities and funding strategies, please feel free to reach out to us for more information. We appreciate your continued support as we drive our exploration endeavors forward.

Sincerely, Impact Minerals Limited Management

In our latest quarterly activities report, Impact Minerals has made significant progress across our projects. The Lake Hope HPA Project in WA is advancing with engineering studies to design a pilot plant for SOP production. At the Alluminous project, we achieved an operational milestone by shipping HPA samples to US battery partner C4V. In NSW, at the Commonwealth Project, our joint venture partner completed a drilling program with promising results.

In Broken Hill, we acquired additional tenements in the Huonville gold district, expanding our ground holding to 1,640 sq km. A magneto-telluric survey identified conductive targets potentially linked to deep-seated structures. The Southern Sky JV saw progress in interpreting soil geochemistry data at Dalgaranga.

Our corporate expenses were managed effectively, with cash at the end of the quarter standing at $1.76 million. With a market cap of A$24.7m, we remain focused on advancing our projects and creating value for shareholders. Feel free to ask any questions or seek more information on our projects and future plans. Thank you for your support and interest in Impact Minerals.

In the recently released quarterly cash flow report, Impact Minerals Limited has shown a net outflow of $439,000 from operating activities and $1,176,000 from investing activities. However, financing activities generated a net inflow of $13,000. The company's cash and cash equivalents at the end of the period were $1,763,000. With available funding and estimated quarters of funding at 1.54, there is a positive outlook for continuing operations. Notably, on 7th April 2026, the company successfully raised $2,000,000 via the issuance of 40,000,000 ordinary shares, indicating support for future endeavors. Investors are encouraged to inquire further for detailed insights on our financial activities and prospects moving forward.

Date	Headline
11/11/2026 6:03 PM	Notice of Release of Escrowed Securities
9/11/2026 9:46 AM	Lake Hope HPA Staged Test Work Programme Update
5/11/2026 10:05 AM	Impact Minerals Proposes New Name Altrica Advanced Materials 1
30/10/2026 6:20 PM	Quarterly Activities Report
30/10/2026 6:18 PM	Quarterly Cashflow Report
29/10/2026 6:36 PM	Notice of Annual General Meeting/Proxy Form
29/10/2026 6:35 PM	Appendix 4G
29/10/2026 6:32 PM	Corporate Governance Statement
29/10/2026 5:08 PM	Annual Report to shareholders
29/10/2026 8:09 AM	Initial Director's Interest Notice

Date	Headline
16/3/2026 5:33 PM	Half Yearly Report and Accounts
13/3/2025 4:39 PM	Half Yearly Report and Accounts
13/3/2024 5:26 PM	Half Yearly Report and Accounts
8/3/2023 1:58 PM	Half Yearly Report and Accounts 1
11/3/2022 4:32 PM	Half Yearly Report and Accounts
5/3/2021 12:36 PM	Half Year Accounts
6/3/2020 1:47 PM	Half Year Accounts
7/3/2019 3:26 PM	Half Year Accounts
12/3/2018 1:52 PM	Half Yearly Report and Accounts
24/2/2017 1:16 PM	Half Yearly Report and Accounts

Date	Headline
30/10/2026 6:20 PM	Quarterly Activities Report
30/10/2026 6:18 PM	Quarterly Cashflow Report
31/7/2026 9:59 AM	Quarterly Activities Report
31/7/2026 9:58 AM	Quarterly Cashflow Report
30/4/2026 10:33 AM	Quarterly Activities Report
30/4/2026 10:29 AM	Quarterly Cashflow Report
30/1/2026 9:35 AM	Quarterly Activities Report 1
30/1/2026 9:34 AM	Quarterly Cashflow Report
30/10/2025 9:55 AM	Quarterly Activities Report
30/10/2025 9:54 AM	Quarterly Cashflow Report

Annual Reports

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