Consolidated Notes 2022 $ 2021 $ CASH FLOWS FROM OPERATING ACTIVITIES Payments to suppliers and employees (1,017,759) (1,027,057) Interest received 3,996 20,589 Other income received 28,904 27,700 Research and development tax rebate 245,622 93,502 Government grants – 67,470 Net cash flows used in operating activities 25 (739,237) (817,796) Cash flows from investing activities Payments for property, plant and equipment (19,347) (26,842) Payments for exploration activities (3,485,753) (4,840,546) Payments for the acquisition of tenements (255,000) (103,750) Proceeds from disposal of tenements 210,000 – Net cash flows used in investing activities (3,550,100) (4,971,138) Cash flows from financing activities Proceeds from issue of shares 5,199,999 7,245,000 Share issue costs (510,351) (471,714) Net cash flows from financing activities 4,689,648 6,773,286 Net increase/(decrease) in cash and cash equivalents 400,311 984,352 Cash and cash equivalents at beginning of the year 3,415,778 2,431,426 CASH AND CASH EQUIVALENTS AT END OF THE YEAR 6 3,816,089 3,415,778 The Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes. Consolidated Statement of Cash Flows for the year ended 30 June 2022 48 Impact Minerals Ltd Annual Report 2022
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