Impact Minerals Limited Annual Report 2021

BROKEN HILL PROJECT Impact Minerals Ltd Annual Report 2021 7 1.0 Broken Hill Project (IPT 100%) The Broken Hill nickel-copper-platinum group metal project (Ni-Cu-PGM) covers a suite of mafic to ultramafic intrusions that occur in a 40 km long belt from Little Broken Hill in the south-west to Red Hill, Darling Creek, Platinum Springs and Moorkai in the north-east. It is part of Impact’s larger 100% owned Broken Hill project that covers about 1,000 km 2 and which is also highly prospective for silver-lead-zinc mineralisation similar to the world class Broken Hill deposit (Figure 1.0). During the year, Impact completed a major drilling campaign for Ni-Cu-PGM at three prospects: Platinum Springs, Red Hill and Little Broken Hill Gabbro. The program was extended several times due to ongoing encouraging assay results, and a total of 138 drill holes for 13,263 m were completed. Figure 1.0 Impact’s ground holdings in the Broken Hill area showing key prospects including Red Hill, Platinum Springs and Little Broken Hill Gabbro.