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 128 NOTE 26: RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES CONSOLIDATED 2021 $ 2020 $ Cash flows from operating activities Profit/(Loss) for the year (4,760,174) (1,685,165) Non-cash flows in profit/(loss): - Depreciation 39,072 39,388 - Share-based remuneration 138,838 665,841 - Exploration expenditure write-off 3,712,774 113,146 - Government grants receivable 51,040 (51,040) - Gain on sale of tenements - (100,000) - Loss on disposal of controlled entity - 504,731 Changes in assets and liabilities - Decrease in trade and other receivables 1,497 1,927 - Decrease in other current assets 8,187 - - Increase/(Decrease) in trade creditors and accruals (13,277) 42,277 - Increase in provisions 4,247 20,638 Net cash used in operating activities (817,796) (448,257) Non-cash investing and financing activities There were no non-cash investing and financing activities during the year.