Impact Minerals Limited Annual Report 2021

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021 Impact Minerals Ltd Annual Report 2021 100 The Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes. Notes CONSOLIDATED 2021 $ 2020 $ CASH FLOWS FROM OPERATING ACTIVITIES Payments to suppliers and employees (1,027,057) (792,814) Interest received 20,589 18,071 Other income received 27,700 5,757 Research and development tax rebate 93,502 287,189 Government grants 67,470 33,540 NET CASH FLOWS USED IN OPERATING ACTIVITIES 26 (817,796) (448,257) CASH FLOWS FROM INVESTING ACTIVITIES Payments for property, plant and equipment (26,842) (5,176) Payments for exploration activities (4,840,546) (1,214,584) Payments for the acquisition of tenements (103,750) - Proceeds from disposal of tenements - 100,000 NET CASH FLOWS USED IN INVESTING ACTIVITIES (4,971,138) (1,119,760) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of shares 7,245,000 2,100,505 Share issue costs (471,714) (103,686) NET CASH FLOWS FROM FINANCING ACTIVITIES 6,773,286 1,996,819 Net increase/(decrease) in cash and cash equivalents 984,352 428,802 Cash and cash equivalents at beginning of the year 2,431,426 2,002,624 CASH AND CASH EQUIVALENTS AT END OF THE YEAR 6 3,415,778 2,431,426