Impact Minerals Limited Annual Report 2021

DIRECTOR’S REPORT Impact Minerals Ltd Annual Report 2021 87 g) Details of remuneration The following table show details of the remuneration received by the Group’s key management personnel for the current and previous financial year. Name Short-term employment benefits Post- employment benefits Share-based payments Total $ % of remuneration to total from shares and options % Salary & fees $ Non-monetary benefit $ Super- annuation $ Shares $ Options $ 2021 Directors P Unsworth 56,240 - 5,343 - 25,015 86,598 28.9 M Jones 246,879 - - - 51,795 298,674 17.3 P Ingram 28,585 - 2,715 - 13,701 45,001 30.4 M Elsasser 31,300 - - - 13,701 45,001 30.4 TOTALS 363,004 - 8,058 - 104,212 475,274 - 2020 Directors P Unsworth 50,000 - 4,750 - 121,027 175,777 68.9 M Jones 246,879 - - - 252,379 499,258 50.6 P Ingram 20,000 - 1,900 - 66,090 87,990 75.1 M Elsasser 21,900 - - - 66,090 87,990 75.1 E Hannon (1) 3,742 - - - - 3,742 - TOTALS 342,521 - 6,650 - 505,586 854,757 - (1) Resigned 10 September 2019. h) Service agreements M Jones, Managing Director Dr Jones is remunerated pursuant to an ongoing Consultancy Services Agreement. Dr Jones was paid fees of $246,879 for the year ended 30 June 2021. The notice period (other than for gross misconduct) is three months. (i) Details of share-based compensation and bonuses Options Options over ordinary shares in Impact Minerals Limited are granted under the Employee Option Acquisition Plan (“Option Plan”). Participation in the Option Plan and any vesting criteria are at the Board’s discretion and no individual has a contractual right to participate in the Option Plan or to receive any guaranteed benefits. Any options issued to Directors of the Company are subject to shareholder approval. No options were issued to Directors in the 2021 financial year. Further information on the fair value of share options and assumptions is set out in Note 25 to the financial statements.