Impact Minerals Ltd Annual Report 2022 69 Notes to the Consolidated Financial Statements continued NOTE 24: SHARE-BASED PAYMENTS (CONTINUED) Share Option Plan (continued) Share options outstanding at the end of the year Share options issued and outstanding at the end of the year have the following exercise prices: Expiry date Exercise price $ 2022 Number 2021 Number 30 November 2021 0.03 – 40,000,000 30 November 2022 0.0375 20,000,000 20,000,000 5 November 2023 0.0149 93,000,000 93,000,000 29 April 2023 0.03 4,000,000 4,000,000 15 March 2023 0.03 500,000 – 31 October 2025 0.0217 83,000,000 – 31 October 2025 0.024 4,000,000 – 2 June 2024 (Listed) 0.02 158,254,389 22 April 2025 0.024 3,000,000 – Totals 365,754,389 157,000,000 NOTE 25: RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES Consolidated 2022 $ 2021 $ Cash flows from operating activities Profit/(Loss) for the year (2,399,307) (4,760,174) Non-cash flows in profit/(loss): – Depreciation 16,956 39,072 – Share-based remuneration 585,400 138,838 – Exploration expenditure write-off 1,121,911 3,712,774 – Government grants receivable – 51,040 – Gain on sale of tenements (114,859) – Changes in assets and liabilities – Decrease/(Increase) in trade and other receivables (50,064) 1,497 – Decrease/(Increase) in other current assets (45,666) 8,187 – Increase/(Decrease) in trade creditors and accruals 101,622 (13,277) – Increase in provisions 44,770 4,247 Net cash used in operating activities (739,237) (817,796) Non-cash investing and financing activities There were no non-cash investing and financing activities during the year.
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