Impact Minerals Limited Annual Report 2022

Impact Minerals Ltd Annual Report 2022 15 Figure 3.1: Geology of (left) and magnetic data (right) of the Dinninup Project showing major structures and the location of the soil geochemistry traverses. Review of Operations continued The Dinninup project comprises 4 exploration licences covering about 485 square kilometres located about 350km south west of Perth (Overview Figure; E70/5842, E70/6111, E70/6112 and E70/6113) (ASX Release 22nd April 2022). The project was brought to Impact’s attention by an unrelated private group Fiddler’s Creek Mining Company Pty Ltd. As consideration for a 100% interest in the project, Impact paid $20,000 cash to the vendor, and issued 3 million unlisted options exercisable at 2.4 cents expiring on 31 October 2025. The area is underlain by a variety of Archaean-aged granites and highgrade metamorphic rocks including gneisses that are cross-cut by numerous, mostly northwest trending faults and shear zones, as well as younger west-northwest trending Proterozoic dykes (Figure 3.1). A number of areas of interest for follow up were identified by Southern Sky Energy Pty Ltd using their proprietary EPR technology and which were close to a major access road that traverses the project area. A reconnaissance soil geochemistry survey was completed along the main access road with samples taken mostly at about 100 metre spacings at the side of the road over a distance of about 20 kilometres (Figure 3.1). 3. DINNINUP PROJECT

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