Impact Minerals Limited Annual Report 2023

Impact Minerals Ltd Annual Report 2023 1 Impact Minerals Limited Contents 2 Chairman’s Letter 3 Review of Operations 26 Directors’ Report 40 Auditor’s Independence Declaration 41 Consolidated Statement of Profit or Loss and Other Comprehensive Income 42 Consolidated Statement of Financial Position 43 Consolidated Statement of Changes in Equity 44 Consolidated Statement of Cash Flows 45 Notes to the Consolidated Financial Statements 69 Directors’ Declaration 70 Independent Auditor’s Report 76 Shareholder Information 79 Tenement Schedule Impact Minerals Limited, an exploration company listed on the ASX since 2006, has an extensive portfolio of tenement holdings spanning over 5,500 km2 and aims to unearth Australia’s mineral-rich potential. The centerpiece of Impact’s endeavours is the Lake Hope High Purity Alumina (HPA) Project in Western Australia, set to revolutionize HPA production with very cost-efficient mining and innovative acid leaching technology. This will position Impact Minerals to meet the surging demand for HPA, recently listed on Australia’s list of critical minerals and a key component of the energy transition. Impact aims to be the dominant player in this market. In addition Impact Minerals is exploring for mineral resources across its portfolio which is prospective for a range of precious metals and battery and strategic metals including gold, silver, lead, zinc, copper, nickel, and platinum group metals (PGMs). Impact is well known for its forward-thinking strategies and the company is well placed to play its part in supplying the increased global demand for these essential components. Impact’s experienced directors, skilled in minerals exploration and corporate management, have a track record of exploration success and delivering value to stakeholders.

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