20 Impact Minerals Ltd Annual Report 2023 Review of Operations continued Results of the Soil Geochemistry Survey During the year four significant soil geochemistry anomalies were identified at Beau one each for nickel‑copper-PGM and gold‑palladium and two for lithium‑caesium-tantalum. The samples were taken at a spacing of 200 metres by either 200 metres or 400 metres and submitted for the ionic leach method at ALS Laboratories in Perth. The results of the soil geochemistry survey are described below and presented as additive response ratios in Figures 16 to 20. Further details on the survey, the analytical technique and calculation of the response ratios can be found in the ASX Release 15th July 2022. 1. NICKEL-COPPERPALLADIUM-PLATINUMGOLD RESULTS The results for nickel-copperpalladium-platinum, together with spatially associated metals silver, cobalt and gold are shown as additive response ratios on an image of the regional magnetic data in Figure 16. These metals are considered pathfinder metals for many mafic‑associated massive sulphide systems globally (ASX Releases 10th June 2021 and 21st September 2021). One large coherent anomaly that is up to 2.5 km long north-south and 1 km wide with combined responses up to 88 times background has been identified in the north west of the Beau tenement (Figure 16). Particularly strong responses occur along two traverses (Traverse A and B, Figure 17). On Traverse A strong responses in particular for copper-nickelpalladium-cobalt occur at the Figure 16. Combined response ratios for nickel-copper-cobalt-platinum-palladium-silver-goldcobalt plotted on an image of the regional magnetic data (more magnetic units in warmer colours). The main soil anomaly is highlighted and is mostly coincident with rocks of low magnetic response and interpreted as part of a large mafic intrusion. The strong magnetic unit in the northeast is probably a unit of banded iron formation. western end of the traverse in an area where there are numerous loose boulders of layered gabbro (Figure 18). Layered gabbros are mostly found as part of large mafic intrusions that host massive nickel-copper sulphide deposits. Impact is the first company to record such rocks in the area. This is a highly encouraging development and further field checking is required. On Traverse B moderate responses for copper-nickel-cobalt-palladium occur over a broad area of about one kilometre. This area has not been field checked and is also a priority area for follow up work. BEAU Figure 2. Combined response ratios for nickel-copper-cobalt-platinum-palladium-silver-gold-cobalt plotted on an image of the regional magnetic data (more magnetic units in warmer colours). The main soil anomaly is highlighted and is mostly coincident with rocks of low magnetic response and interpreted as part of a large mafic intrusion. The strong magnetic unit in the northeast is probably a unit of banded iron formation. Traverse A Traverse B Figure 2. Combined response ratios for nickel-copper-cobalt-platinum-palladium-silver-gold-cobalt plotted on an image of the regional magnetic data (more magnetic units in warmer colours). The main soil anomaly is highlighted and is mostly coincident with rocks of low magnetic response and interpreted as part of a large mafic intrusion. The strong magnetic unit in the northeast is probably a unit of banded iron formation. Traverse A Traverse B
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