ASX ANNOUNCEMENT Date: 1 December 2014 Number: 381/011214 REVISED - - PDF document

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ASX ANNOUNCEMENT Date: 1 December 2014 Number: 381/011214 REVISED - - PDF document

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ASX ANNOUNCEMENT Date: 1 December 2014 Number: 381/011214 REVISED PRESENTATION TO 2014 ANNUAL GENERAL MEETING Attached is a revised version of the presentation to the 2014 Annual General Meeting, previously lodged on 27 November 2014. Yours

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26 Richardson Street West Perth Western Australia 6003 Tel +61 (8) 6454 6666 Facsimile +61 (8) 6454 6667 Email info@impactminerals.com.au www.impactminerals.com.au

ASX ANNOUNCEMENT

Date: 1 December 2014 Number: 381/011214

REVISED PRESENTATION TO 2014 ANNUAL GENERAL MEETING

Attached is a revised version of the presentation to the 2014 Annual General Meeting, previously lodged on 27 November 2014. Yours faithfully James Cooper-Jones Company Secretary

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AGM Presentation

Managing Director: Dr Mike Jones November 2014

Mulga Tank, WA Broken Hill, NSW Commonwealth, NSW

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Introducing Impact Minerals (ASX:IPT)

Listed on ASX Shares on Issue Options Share Price Market Cap: Key Projects November 2006 566m 8 m listed IPTO 34m unlisted 2.5¢ $14m Commonwealth Au-Ag-Zn-Pb-Cu (NSW) Broken Hill Joint Venture: Ni-Cu-PGM (NSW) Mulga Tank Joint Venture: Ni-Cu-PGM (WA) Botswana Uranium Project

Shareholders Bunnenberg Family 30% Directors 9% Top 20 56% Top 50 65%

12 month Share Price

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Mulga Tank Nickel-Copper-PGE Project

Western Australia

Impact 20% to 100% and earning 50% to 70%

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  • Emerging WA nickel province
  • Near to world class nickel

mines: –Perseverance >1 Mt Ni metal –Mt Keith >2 Mt Ni metal –Kambalda camp >1 Mt metal

  • Recent discoveries at

–Nova-Bollinger deposit (0.5 Mt Ni Eq.) –Camelwood (Ni) –Collurabie (Ni-Cu-PGE)

Mulga Tank Project: Location

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  • Very poorly

explored greenstone belt

  • Extensive sand

cover has hindered exploration

  • IPT’s licences cover

425 sq km

  • Significant

untapped gold potential

  • Work by Impact only

focused on 15 sq km area over the Mulga Tank Dunite

Mulga Tank: A new nickel field?

Mulga Tank Dunite

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Mulga Tank Dunite: IPT 2013 Drill Programme

  • Six targets tested
  • Three returned

significant nickel- copper mineralisation

  • Three styles of nickel

mineralisation identified

  • Mineralisation

extends over many sq km

Conductor 1

0.75 m at 0.85% Ni 0.15% Cu 6.7 m at 0.5% Ni

Conductor 2

0.3 m at 0.7% Ni 21 m at 0.4% Ni

Conductor 3

0.25 m at 3.8% Ni, 0.7% Cu 0.7 g/t PGE 59 m at 0.3% Ni

Conductor 4 Conductor 5 SGA Propsect

1 m at 2% Ni 0.5 m at 1.2% Ni 115 m at 0.3% Ni

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A sense of scale and perspective!

Conductor 5

Area of Mulga Tank Dunite

Mulga Tank Dunite and the Kambalda Nickel Field (>2 million tonnes

  • f contained nickel) at the same scale

1 km

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Broken Hill Nickel-Copper-PGM Joint Venture Project

New South Wales

Impact 51% and earning 80%

by spending $200,000 to earn 80%

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Broken Hill Ni-Cu-PGE JV Project

  • Located in the richly mineralised NSW

Curnamona Province

  • Mineralised mafic and ultramafic dykes

and sills with high grade gossans over a 35 km belt

  • Highest platinum grades in Australia
  • 2 priority targets including:

– Red Hill: Eagle analogy: 5Mt @ 3.7%Ni and 3% Cu Possible early discovery l – Platinum Springs: drill intercept of

2 m at 10.9 g/t Pt, 23.6 g/t Pd, 6.12% Ni, 4.45% Cu

  • Impact now 51% and earning 80% by

spending a further $200,000

  • $125,000 grant from NSW Govt.

Moorkaie Platinum Springs Red Hill Little Broken Hill Gabbro

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  • Red Hill Mine active from 1906

to 1937

  • About 500 t was mined
  • Old mine records indicate face

sample results of: – 2 to 4% copper – 2 to 3% nickel – 5 to 41 g/t platinum – 22 to 70 g/t silver

  • No drilling
  • Anomalous soil and rock chip

samples: four priority targets

  • Partly coincident with IP

anomaly

Red Hill Mine Prospect

RHD001, 002

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Nickel and copper sulphide and oxide

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Eagle: 5Mt at 3.7%Ni and 3%Cu

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Red Hill: an Eagle Analogue?

Eagle intrusions Red Hill Size of Eagle Intrusion

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Major Copper-Gold Mining Province

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Commonwealth Project: Previous Work

  • Gold-rich Massive Sulphide

Deposit

  • Mined 1906-1930’s

6500 t at 6 g/t Au, 150 g/t Ag, 2% Cu, 15% Zn & 7% Pb

  • Poorly explored:

66 drill holes for an average depth

  • f 53 metres.
  • Previous exploration focus along

250 m strike at Commonwealth

  • Acquisition in March 2013
  • EL5874: 3-4 km strike potential
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Impact Work Programme 2013-2014

  • IP Survey
  • Soil

geochemistry

  • 21 drill holes for

3,600 m

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Commonwealth: Potential at Depth

  • Successful maiden drill

programme completed in September 2014

  • High grade gold-silver

results open along strike and at depth at:

– Main Shaft

– 6 m at 7 g/t gold, 383 g/t silver, 8.5% zinc, 3.2% lead and 0.3% copper

– Commonwealth South

– 4 m at 41.8 g/t (1.3

  • unces per tonne)

gold, 93 g/t silver, 5.5% zinc, 2.3% lead

  • High value ore/tonne
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3D View of mineralisation

  • Wireframe of the host

rhyolite and mineralisation

  • Massive sulphide on

the hanging wall with disseminated and vein mineralisation in the footwall

  • Resource calculation in

progress

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Commonwealth: Deposit Model

  • Volcanogenic Massive Sulphide Model
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Ground IP Survey: Main Shaft and Silica Hill

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What’s hiding near Silica Hill?

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Commonwealth: Potential along strike

  • Recent soil geochemistry

results reveal potential for major mineralised system covering many sq. km.

  • Recognition of metal-

assemblages indicating – Porphyry & Skarn Cu-Au – High sulphidation Au-Ag- base metal

  • Major breakthrough for

Impact

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Silurian VMS Deposit 17.7 Mt at 1.4 g/t gold, 80 g/t silver, 1.7% copper, 9.9% zinc, 3.8% lead for 7.1 million oz gold eq.

  • 3.5 Moz gold equivalent underground resource and reserve
  • Multiple lenses down to at least 630 m depth

Analogy: Woodlawn deposit (TriAusMin) Goulburn, NSW

Average drill depth at Commonwealth

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Wafi-Golpu Analogy (75 Moz Au eq)

 Look for tasty ‘donuts’

Zn Cu Au

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  • Secured a further 315 sq km
  • 8 km strike potential rocks that host

Commonwealth

  • 10 km strike potential of structures that host

Galwadgere deposit : (2 Mt at 1.0% Cu and 0.3 g/t Au)

  • Additional historic copper-gold workings
  • Close to recent blind porphyry discovery at

Kaiser-MacGregor by Alkane Resources Ltd

41 m at 1.2% Cu and 1.1 g/t Au from 18 m 32 m at 0.4% Cu and 0.1 g/t Au from 109 m

Commonwealth: Regional Potential

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  • Inferred Resource Statement: November
  • Infill and Extend IP surveys over Commonwealth and

Silica Hill: In progress

  • IP Survey over the Doughnut: November
  • Focus on Silica Hill: soil geochemistry and ground

geophysics

  • Follow up drill programme: Q1-Q2 2014

Commonwealth: Next Steps

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  • The review of exploration activities and results contained in this report is based on information compiled

by Dr Mike Jones, a Member of the Australian Institute of Geoscientists. Dr Jones is a working Director of Impact Minerals Limited. He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2004 edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Dr Jones has consented to the inclusion in the report of the matters based on his information in the form and context in which it appears.

  • This presentation does not purport to provide all of the information an interested party may require in
  • rder to investigate the affairs of Impact. The information provided herein has not been audited nor

independently verified, nor has Impact been able to undertake a full due diligence on the material. The information herein is provided to recipients on the clear understanding that neither Impact nor any of its agents or advisers takes any responsibility for the information, data or advice contained or for any

  • mission or for any other information, statement or representation provided to any recipient. Recipients of

this presentation must conduct their own investigation and analysis regarding any information, statement

  • r representation contained or provided to any recipient or its associates by Impact or any of its agents or
  • advisers. Each recipient waives any right of action, which it has now or in the future against Impact or any
  • f its officers, advisers or agents in respect of any errors or omissions in or from this presentation,

however caused. The presentation is intended for close personal associates of Impact under the relevant provisions of Section 708.

  • The results shown in this presentation have been previously reported in announcements dated 29 January

2014, 4 June 2014, 1 July 2014, 22 September 2014, 22 October 2014 and 27 November 2014.

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