Slide 1: Exploration Update and Presentation
ASX ANNOUNCEMENT Date: 7 June 2016 Number: 473/070616 For personal use only EXPLORATION UPDATE AND PRESENTATION A major drill programme is underway at Impact Minerals Limited’s (ASX:IPT) 100% owned Commonwealth Project 95 km north of Orange in New South Wales (Figure 1). The programme, which will co
Slide 2: Commonwealth Project prospects and Squadron investment
For personal use only Figure 1. Geology and location of the four priority prospects at the Commonwealth Project: Commonwealth, Silica Hill, Welcome Jack and Doughnut. Investment by Squadron Resources Pty Limited The Commonwealth gold-silver-zinc-lead project and also Impact’s Broken Hill platinum-co
Slide 3: Investor Update June 2016
Investor Update For personal use only June 2016
Slide 4: Next Steps: 2015 Work Programme
Next Steps: 2015 Work Programme For personal use only
Slide 5: Is this the time?!
For personal use only Is this the time?!
Slide 6: Introducing Impact Minerals: Capital Structure
Introducing Impact Minerals (ASX:IPT) For personal use only Capital Structure Listed on ASX November 2006 Shares on Issue 789 million CASH: $4 million Options/Warrants 67.5m unlisted Executive 75.4m unlisted Squadron Convertible Note $2m – Squadron Share Price 2.7¢ Market Cap $21.3m Board Position S
Slide 7: Projects with potential for a major mine discovery
Impact has 3 projects each with the potential for the discovery of a major mine For personal use only 5 5
Slide 8: Investment Summary
Investment Summary 1. Commonwealth Project (IPT: 100%) For personal use only • Multi-million ounce gold potential in the Cadia-Ridgeway region (>25 Moz gold and 4 Mt copper) • High grade gold-silver-copper-lead-zinc Inferred Resource of 110,000 eqAu ounces with numerous drill targets identified to e
Slide 9: Squadron Transaction
Squadron Transaction For personal use only $3 million cash injection August 2015 • $2 million convertible note: 3 year term, interest free, redeemable in shares. • Convertible at the lower of 2.1¢ per share or 80% of the 30 day VWAP. • $1 million placement at 2.1¢ • Impact to spend $2.5 million on C
Slide 10: Commonwealth Project
Commonwealth Project Gold-Silver-Base Metals New South Wales For personal use only Impact 100% 8
Slide 11: Major Copper-Gold Mining Province
Major Copper-Gold Mining Province For personal use only 9 9
Slide 12: Four Prospects, One System?
Four Prospects, One System? For personal use only • Multiple targets over 5 sq kilometres • Potential to be part of one large system 10 10
Slide 13: Inferred Resource Statement
Inferred Resource Statement For personal use only Category Tonnes Au ppm Ag ppm Cu% Pb% Zn% Inferred 722,000 2.78 48 0.1 0.6 1.5 722,000 tonnes at 4.5 g/t gold equivalent for 100,000 gold equivalent ounces >1,000 oz gold equivalent per vertical metre from surface Potential very profitable starter pi
Slide 14: Ore Shoots Open at Depth
Ore Shoots Open at Depth For personal use only 12 12
Slide 15: Gravity Survey
Gravity Survey For personal use only • Identified Main Shaft • Indicates dense body at depth • Three new targets to west and east • New target Silica Hill 13 13
Slide 16: 3D View of Gravity: Commonwealth Depth Extension
3D View of Gravity: Commonwealth Depth Extension For personal use only 14 14
Slide 17: What's Hiding Under Silica Hill?
What’s Hiding Under Silica Hill? • Large sulphide-silica alteration system at least 300m thick and 500m long For personal use only • Significant thick and high grade silver results – possible epithermal feeder zone 15 15
Slide 18: The Big Picture?
16 For personal use only The Big Picture? 16
Slide 19: The Big Picture?
The Big Picture? For personal use only • Multimillion ounce potential • Recognition of metal-assemblages in soil geochemistry indicating – Porphyry copper-gold similar to Cadia Ridgeway (>$25 billion of metal) • Major breakthrough for Impact • Drilling in progress 17 17
Slide 20: Commonwealth: Major Porphyry Potential?
Commonwealth: Major Porphyry Potential? For personal use only Cu SH Mo SH SH 18 18
Slide 21: Jam at the Doughnut?
Jam at the Doughnut? For personal use only 19
Slide 22: Wafi-Golpu Analogy
Wafi-Golpu Analogy (75 Moz Au eq) For personal use only Zn Au Cu Look for tasty ‘donuts’ 20 20
Slide 23: Broken Hill Project
Broken Hill Project PGM-Nickel-Copper New South Wales For personal use only 21
Slide 24: Highest Platinum Grades in Australia
Highest Platinum Grades in Australia For personal use only • Widespread rare high grade platinum group metals over 40 km belt 3 priority targets: • Red Hill: lmpact discovery of high grade PGE-Cu-Ni • Platinum Springs: previous drill intercept of 52.6 g/t platinum equivalent • Moorkai: High grade ro
Slide 25: High Grade Indeed!
High Grade Indeed! For personal use only 1.2 metres at 4.6 g/t rhodium, 7.2 g/t iridium, 5.6 g/t osmium and 3.1 g/t ruthenium 10.4 g/t platinum, 10.9 g/t gold, 294 g/t (9.5 ounces) palladium (335.8 g/t (10.8 ounces) 6PGE+gold) 7.4% nickel, 1.8% copper and 19 g/t silver 0.6 metres at 11.5 g/t platinu
Slide 26: High Grade Zinc-Silver
High Grade Zinc-Silver For personal use only Drill hole RHD018 returns 1 metre at 26.8% zinc, 2.8% lead, 133 g/t silver (4 ounces); and 1 metre at 21.4% zinc, 0.8% lead and 31.5 g/t silver (1 ounce) within a broader intercept of 5.1 metres at 10% zinc, 0.8% lead, 40.4 g/t silver. First significant a
Slide 27: Investment Summary
Investment Summary For personal use only • Strongly backed by private equity • Strong financial position of about $4 million after the SPP • Three projects with proven high grade results and all with potential for a major discovery • Major drill programme at Commonwealth in progress • Follow up dril
Slide 28: Disclaimer
Disclaimer For personal use only What You Should Know Find out more – This presentation is being used as a presenter’s aid with summarised information. See Impact’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.c
Slide 29: JORC Compliance
JORC Compliance - 1 For personal use only Resource and Reserve estimates: The information in this presentation relating to estimates of Exploration Results and Mineral Resources have been extracted from the following reports: ASX Release Date Title of ASX Release 17 July 2015 New Cornerstone Investo
Slide 30: JORC 2012 Compliance
JORC 2012 Compliance - 2 For personal use only The ASX releases referenced in the previous slide are on the Impact website at www.impactminerals.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the most recent market
Slide 31: Appendix - Sampling Techniques and Data
For personal use only APPENDIX 1 - SECTION 1 SAMPLING TECHNIQUES AND DATA Criteria JORC Code explanation Commentary Sampling techniques Rock chip samples Random grab samples were taken at surface which represented favourable geology and alteration to known mineralisation in the region. Samples are v
Slide 32: JORC Table 1 Sampling Techniques (continued)
For personal use only Criteria JORC Code explanation Commentary Rock chip samples Rock samples were sent to SGS Perth where they were crushed, dried and pulverised (total prep) to produce a 25-30 g sub- samples for analysis initially by Aqua Regia digest with ICP-MS finish for base metals then by fo
Slide 33: JORC Table 1 Logging
For personal use only Criteria JORC Code explanation Commentary Logging Geological logging of samples followed company and industry common practice. Qualitative logging of samples included (but not limited to); lithology, mineralogy, alteration, veining and weathering. Diamond core logging included
Slide 34: JORC Table 1 Quality of Assay Data
For personal use only Criteria JORC Code explanation Commentary Quality of assay data An industry standard fire assay technique for samples using lead collection with an Atomic Absorption Spectrometry (AAS) finish and laboratory tests The nature, quality and appropriateness of the assaying and was u
Slide 35: JORC Table 1 Data Spacing and Distribution
For personal use only Criteria JORC Code explanation Commentary Standard government topographic maps have been used for topographic validation. The DGPS is considered sufficiently accurate for elevation data. Quality and adequacy of topographic control. For the diamond holes, down-hole single shot s
Slide 36: Reporting of Exploration Results
For personal use only SECTION 2 REPORTING OF EXPLORATION RESULTS Criteria JORC Code explanation Commentary Mineral tenement Type, reference name/number, location and ownership including and land tenure agreements or material issues with third parties such as joint The Commonwealth Project currently
Slide 37: JORC Table 1 Mineralisation Widths and Intercepts
For personal use only Criteria JORC Code explanation Commentary Relationship between These relationships are particularly important in the reporting of mineralisation widths Exploration Results. and intercept lengths If the geometry of the mineralisation with respect to the drill hole Historical dri
Slide 38: Estimation and Reporting of Mineral Resources
For personal use only SECTION 3 ESTIMATION AND REPORTING OF MINERAL RESOURCES Criteria JORC Code explanation Commentary Database integrity Measures taken to ensure that data has not been corrupted by, for example, transcription or keying errors, between its initial A visual comparison is completed b
Slide 39: JORC Table 1 Estimation and Modelling Techniques
For personal use only Criteria JORC Code explanation Commentary Estimation and Grade estimation using Ordinary Kriging (OK) was completed using Datamine software for six elements; Au, Ag, Cu, Pb, Zn and modelling techniques As. Drill grid spacing was between 10 m and 30 m. The nature and appropriate
Slide 40: JORC Table 1 Model Validation and Cut-off
For personal use only Criteria JORC Code explanation Commentary The process of validation, the checking process used, the Model validation was carried out using visual comparisons between composites and estimated blocks, checks for negative or comparison of model data to drillhole data, and use of a
Slide 41: JORC Table 1 Environmental Factors
For personal use only Criteria JORC Code explanation Commentary Environmental factors Assumptions made regarding possible waste and process or assumptions residue disposal options. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to c
Slide 42: JORC Table 1 Relative Accuracy and Confidence
For personal use only Criteria JORC Code explanation Commentary Discussion of relative Where appropriate a statement of the relative accuracy and accuracy/confidence confidence level in the Mineral Resource estimate using an approach or procedure deemed appropriate by the Competent Person. For examp