66 Impact Minerals Ltd Annual Report 2023 Notes to the Consolidated Financial Statements continued NOTE 26: 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 $ 2023 Number 2022 Number 30 November 2022 0.0375 – 20,000,000 5 November 2023 0.0149 93,000,000 93,000,000 29 April 2023 0.03 – 4,000,000 15 March 2023 0.03 – 500,000 31 October 2025 0.0217 83,000,000 83,000,000 31 October 2025 0.024 4,000,000 4,000,000 2 June 2024 (Listed) 0.02 158,254,389 158,254,389 22 April 2025 0.024 3,000,000 3,000,000 30 November 2025 0.0125 53,000,000 – 30 November 2025 0.0125 32,000,000 – Totals 426,254,389 365,754,389 NOTE 27: RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES Consolidated 2023 $ 2022 $ Cash flows from operating activities Profit/(Loss) for the year (5,782,028) (2,399,307) Non-cash flows in profit/(loss): – Depreciation 26,823 16,956 – Share-based remuneration 422,717 585,400 – Exploration expenditure write-off 5,473,236 1,121,911 – Government grants receivable - - – Gain on sale of tenements - (114,859) Changes in assets and liabilities – Decrease/(Increase) in trade and other receivables (6,263) (50,064) – Decrease/(Increase) in other current assets 14,452 (45,666) – Increase/(Decrease) in trade creditors and accruals (24,721) 101,622 – Increase in provisions 16,667 44,770 Net cash used in operating activities 140,883 (739,237) Non-cash investing and financing activities There were no non-cash investing and financing activities during the year.
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