We're letting shareholders know that Lana Weldon has joined our board as a director, effective 28 October 2026.

This is a routine ASX filing, an Initial Director's Interest Notice, which every new director lodges when they're appointed. It records that Lana Weldon currently holds no relevant interests in Impact Minerals securities and has no interests in any contracts with the company.

Filings like this are about transparency rather than news of substance. They let the market see, from day one, exactly where a director stands in relation to the company's shares and any dealings, and they'll be updated if that position changes.

If you'd like to know more about Lana Weldon's background and what she brings to the board, that detail would typically sit in a separate appointment announcement rather than this notice.

If you have questions about this announcement, we'd encourage you to send them through the question box on this page.

We've appointed Dr Lana Weldon as an Independent Non-Executive Director, effective 28 October 2026.

This appointment is about making sure our board has the right skills for where we are now. Impact Minerals began as an explorer, and the board that served us well through that phase was built for exploration. Our focus has shifted to materials processing, particularly through the Lake Hope High Purity Alumina Project and our HiPurA pilot plant, and the business is becoming financially more complex as our team grows. We need different skills around that table, and this board renewal was a planned outcome of our 100-day plan.

Dr Weldon brings over 30 years in accounting, audit and business advisory, including partner roles in chartered accounting and senior executive experience in Australia. She's a Fellow of Chartered Accountants Australia and New Zealand, holds a PhD in Accounting Education, an MBA and a Bachelor of Commerce Honours, and has served as Chair of an Audit Committee elsewhere. Her focus on financial oversight and governance is a direct fit for the stage we're entering.

With this appointment, our board now stands at five: Jim McKerlie as Executive Chair, Scott Phegan as Executive Director, Frank Bierlein and Paul Ingram as Non-Executive Directors, and Dr Weldon as our Independent Non-Executive Director.

For shareholders, this is about strengthening the governance and financial discipline behind the business as it moves from exploration into processing and commercialisation.

If you have questions about this announcement, please use the question box on this page.

We're setting a new direction for Impact Minerals, and we wanted to explain it plainly.

From today, we're running two separate businesses. The priority is high-purity alumina, built around our Lake Hope Project (80%). The 2025 pre-feasibility study on Lake Hope pointed to an NPV10 of A$1.165 billion and a post-tax IRR of 47%, based on around 33 years of feedstock. We want to stress that these are study-stage figures: the company has confirmed the assumptions behind them still hold, but there's no certainty they'll be realised. The pilot plant is now under construction, with installation and commissioning targeted for 30 November 2026.

Alluminous, our 50% interest in a separate HPA pilot plant in Perth, will be held and managed as an investment rather than an operating priority. Its recent scoping study is preliminary, with an accuracy range of around plus or minus 50%.

Our precious and base metals ground is being treated differently. At Commonwealth, Kuniko Limited has earned 51% by fully funding exploration, a year ahead of schedule, and that work continues on their capital, not ours. At Broken Hill, we're looking for ways to monetise the tenements rather than fund years of exploration ourselves. Our geological team's future exploration effort will turn to critical minerals, an early-stage focus.

There's also boardroom change under way, with two directors retiring, new appointments expected before the AGM on 30 November 2026, and a proposed company name change going to shareholders at that meeting.

If you've got questions about any of this, we'd like to hear them through the hub.

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