Private Placement Offer utilising the company’s Listing Rule 7.1 and 7.1A capacity to raise up to $3 million at an issue price of $0.0065.

Options

The offer comes with a free attaching 1 for 1 listed options (ASX.IPTOC), expiring 28 Sept 2027. The issuance of the options will require shareholder approval at an upcoming EGM to be convened.

Discount

The issue price represents the following discounts to ASX market pricing per share:

• 18.75% discount to the Last Closing Price of $0.008
• 23% discount to the 15 Day VWAP of $0.0084

Impact Minerals Limited (ASX: IPT) is advancing a two-pronged growth strategy centred on (1) the development of its proprietary HiPurA® High Purity Alumina (HPA) technology through 50%-owned Alluminous Pty Ltd and the Company’s 80% owned HPA Lake Hope Project in WA, and (2) large-scale exploration at its Broken Hill critical/ precious minerals projects in New South Wales.

This dual focus provides both near-term commercialisation opportunities and nearterm resource exploration upside.

Through its 50%-owned subsidiary Alluminous Pty Ltd, Impact is developing the HiPurA® HPA technology, a modular solvent extraction process capable of producing 4N–5N HPA with cost advantages over incumbents.

• Pilot plant and analytical laboratory commissioning underway in Perth.
• Appointment of Tim Netscher (Gold Road Chair -ASX.GOR) as NonExecutive Chair of Alluminous.
• Staged development model: pilot production for customer qualification → U.S. demonstration plant → commercial scale-up.
• Dual-feedstock flexibility via Lake Hope natural feed and chemical feedstock inputs, diversifying supply security.
• Strong inbound interest from battery, ceramics, sapphire and LED/phosphor markets.

In parallel, IPT continues advancing the Lake Hope HPA Project (80%), with a JORC Ore Reserve of 1.7 Mt @ 26% Al₂O₃ (450 kt contained alumina). A June 2025 PreFeasibility Study outlined:

• 10 ktpa production of 4N HPA over a 33-year mine life.
• Post-tax NPV10 A$1.165b and IRR 47%, with initial capex A$259m and opex A$9,452/t (reduced to A$7,105/t including SOP by-product).
• Placement at the lowest cost quartile globally, with DFS now underway

Impact controls 100% of a large exploration portfolio at Broken Hill, NSW, one of the world’s most prolific mining districts. The projects are highly prospective for gold, silver copper, PGEs & nickel.

• High-grade intersections of Ni-Cu-Au-Ag already reported, coincident with large-scale AMT/MT geophysical anomalies
• Awarded a US$500k BHP Xplor grant (2023) to accelerate exploration of district-scale intrusive targets.
• Follow up ground geophysics and drilling programs planned for Q4 2025 to early Q1 2026 to test priority anomalies with potential for tier-one discovery.

This pipeline offers blue-sky exploration upside to complement the near-term HPA development pathway.