Impact Minerals Limited Annual Report 2020

48 Impact Minerals Ltd Annual Report 2020 for the year ended 30 June 2020 Consolidated Notes 2020 $ 2019 $ Cash flows from operating activities Payments to suppliers and employees (792,814) (1,028,616) Interest received 18,071 47,386 Other income received 5,757 – Research and development tax rebate 287,189 1,357,076 Cash flow boost 33,540 – Net cash flows from/(used in) operating activities 24 (448,257) 375,846 Cash flows from investing activities Payments for property, plant and equipment (5,176) (93,319) Payments for exploration activities (1,214,584) (2,582,462) Proceeds from disposal of tenements 100,000 340,758 Proceeds from disposal of financial assets – 422,580 Proceeds from non-refundable deposit on Broken Hill JV – 25,219 Net cash flows used in investing activities (1,119,760) (1,887,224) Cash flows from financing activities Proceeds from issue of shares 2,100,505 – Share issue costs (103,686) – Net cash flows from financing activities 1,996,819 – Net increase/(decrease) in cash and cash equivalents 428,802 (1,511,378) Cash and cash equivalents at beginning of the year 2,002,624 3,514,002 Cash and cash equivalents at end of the year 6 2,431,426 2,002,624 The Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes. Consolidated Statement of Cash Flows