Impact Minerals Limited Annual Report 2020

Impact Minerals Ltd Annual Report 2020 3 Review of Operations COMMONWEALTH PROJECT: 903 sq km in the Lachlan Fold Belt in New South Wales prospective for volcanogenic massive sulphide deposits of gold, silver and base metals as well as porphyry copper-gold. BROKEN HILL PROJECT: 816 sq km in the Broken Hill region prospective for silver-lead-zinc, nickel- copper-platinum group metals and copper-cobalt-gold deposits. ARKUN PROJECT: 1,900 sq km centred between York and Corrigin 100 km east of Perth prospective for nickel-copper-platinum group metals and gold. BLACKRIDGE PROJECT: 150 sq km covering Permian sedimentary rocks near Clermont in central Queensland and prospective for conglomerate-hosted gold deposits. CLERMONT PROJECT: 70 sq km in the Anakie Inlier and also close to Clermont which is prospective for epithermal and quartz vein-hosted gold deposits. No work was done at Clermont during the year. Impact Minerals Limited is an Australian Exploration Company listed on the Australian Stock Exchange (ASX-IPT). The company is a project generator and developer and explores a portfolio of tenement holdings (~3,800 sq km) within major mining regions of Australia featuring significant potential for high-grade mineral deposits of gold, silver, lead, zinc, copper, cobalt, nickel and platinum group metals. The company has five active exploration projects, each containing multiple targets for high-grade mineral discoveries: