Impact Minerals Limited Annual Report 2021

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Impact Minerals Ltd Annual Report 2021 127 NOTE 25: SHARE-BASED PAYMENTS (Continued) Movements in share options during the year Movement in the number of share options on issue during the year: 2021 2020 Number of options Weighted average exercise price $ Number of options Weighted average exercise price $ Outstanding at the beginning of the year 176,500,000 0.03 590,910,556 0.04 Granted during the year 4,000,000 0.03 101,000,000 0.01 Exercised during the year (8,000,000) 0.0149 - - Expired during the year (15,500,000) 0.07 (515,410,556) 0.04 Outstanding at the end of the year 157,000,000 0.02 176,500,000 0.03 Exercisable at the end of the year 157,000,000 0.02 106,000,000 0.03 The weighted average remaining contractual life of share options outstanding at the end of the year was 1.72 years (2020: 2.54 years). 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 $ 2021 Number 2020 Number 29 September 2020 0.07 - 15,500,000 30 November 2021 0.03 40,000,000 40,000,000 30 November 2022 0.0375 20,000,000 20,000,000 5 November 2023 0.0149 93,000,000 101,000,000 29 April 2023 0.03 4,000,000 - Totals 157,000,000 176,500,000