Impact Minerals Limited Annual Report 2023

Impact Minerals Ltd Annual Report 2023 41 Consolidated Notes 2023 $ 2022 $ Revenue from operating activities 3(a) 76,233 3,509 Other income 3(a) 1,477,260 444,385 Corporate and administration expense (1,005,522) (751,010) Depreciation expense (26,823) (16,956) Employee benefits expense 3(b) (775,381) (886,164) Impairment of exploration expenditure 11 (5,473,236) (1,121,911) Occupancy expense (54,559) (71,160) Loss before tax from continuing operations (5,782,028) (2,399,307) Income tax expense 5 – – Loss for the year from continuing operations (5,782,028) (2,399,307) 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 (96,250) 27,500 Other comprehensive income for the year (net of tax) (96,250) 27,500 Total comprehensive loss for the year attributable to the owners of Impact Minerals Limited (5,878,278) (2,371,807) Cents per share Cents per share Loss per share attributable to the owners of Impact Minerals Limited Basic and diluted loss per share 20 (0.23) (0.11) 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 2023 Consolidated Statement of Profit or Loss and Other Comprehensive Income

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