Impact Minerals Limited Annual Report 2022

Consolidated Statement of Profit or Loss and Other Comprehensive Income Consolidated Notes 2022 $ 2021 $ Revenue from operating activities 3(a) 3,509 15,630 Other income 3(a) 444,385 140,152 Corporate and administration expense (751,010) (717,709) Depreciation expense (16,956) (39,072) Employee benefits expense 3(b) (886,164) (383,217) Impairment of exploration expenditure 11 (1,121,911) (3,712,774) Occupancy expense (71,160) (63,184) Loss before tax from continuing operations (2,399,307) (4,760,174) Income tax expense 5 – – Loss for the year from continuing operations (2,399,307) (4,760,174) Other comprehensive income (OCI) Items that will not be reclassified to profit or loss Change in the fair value of financial assets through OCI 10 27,500 45,000 Other comprehensive income for the year (net of tax) 27,500 45,000 Total comprehensive loss for the year attributable to the owners of Impact Minerals Limited (2,371,807) (4,715,174) Cents per share Cents per share Loss per share attributable to the owners of Impact Minerals Limited Basic and diluted loss per share 18 (0.11) (0.26) The Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying notes. for the year ended 30 June 2022 Impact Minerals Ltd Annual Report 2022 45

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