1

Investor Presentation

Impact Minerals Limited

Drilling for high grade

gold-silver-base metal

and

platinum-nickel-copper

deposits Mulga Tank, WA

Commonwealth, NSW

Broken Hill, NSW

Managing Director: Dr Mike Jones SYMPOSIUM PRESENTATION Sydney and Melbourne: April 2014

2

Is this the bottom?

Mike takes no responsibility for any action taken on the basis of this graph. If MIke’s predictions of the stock market were any good he would be giving this presentation from his yacht in the Mediterranean.

TTI

3

“Running a junior exploration company is like riding a bike: if

you go too slow you will fall off.” Anon.

Staying Alive in Difficult Times

4

Introducing Impact Minerals

4

Impact Minerals (ASX: IPT)

Listed on ASX

Shares on Issue

Options

Share Price

Market Cap

Key Projects

Cash

November 2006

486m

8 m listed IPTO

34m unlisted

3¢

$15m

Commonwealth Au-Ag-Zn-Pb-Cu (NSW)

Broken Hill JV: Ni-Cu-PGM (NSW)

Mulga Tank JV: Ni-Cu-PGM (WA)

$1.5m (plus $200,000 cash and

$550,000 in shares May-Jun)

Shareholders Bunnenberg Family 31% Directors 11% Top 20 58% Top 50 69%

5

1. COMMONWEALTH - NSW: (IPT 100%)

• High grade Au-Ag-Zn-Pb-Cu

• Resource definition drill out required to define an initial >100,000 oz gold eq.

• Targeting >1 million ounce gold-equivalent

2. BROKEN HILL JV - NSW: (IPT earning 80% from GCR)

• Highest grade PGM project in Australia: drill intercepts of >20 g/t platinum-

palladium and 6% copper and 4% nickel

• Targeting >1 Moz PGM equivalent with high grade nickel and copper

3. MULGA TANK JV - WA: (IPT 100% and earning 50%-75% from GCR)

• Possible new nickel camp: widespread high tenor nickel and copper

• Targeting > 1 Mt nickel metal

4. OTHER PROJECTS – Queensland gold, Botswana Uranium

• Available for JV or Sale

Projects By Priority

6

February 2014

7

Commonwealth Project: Setting Major Gold-Copper Mining Province

8

Commonwealth Project: Previous Work

• Gold-rich Volcanogenic 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 of 53 metres.

• Previous exploration focus along 250 m strike at Commonwealth

• Acquisition in March 2013

• EL5874: 3-4 km strike potential

9

Commonwealth: Deposit Model

• Impact has re-logged 20 drill holes: VMS deposit confirmed.

10

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

11

• Historic resource estimate:

Main Shaft: *83,000 t at 16.5 g/t gold eq. (6 g/t gold, 250g/t silver, 10% zinc, 3% lead, 0.5% copper) for 44,000 oz gold eq.

*Only over 50 m strike to 50 m depth

• Drill intercepts in fresh rock of:

9.8 m at 8.4 g/t gold, 357 g/t silver, 4.1% lead, 9.3% zinc, 0.5% copper

30 m at 6 g/t including 2 m at 77 g/t gold

• Potential for significant deposit beneath & along strike from Main Shaft

• Resource definition drilling required

• Exploration Target >1 M oz gold equivalent

Commonwealth Mine

12

• Gold-rich stringer-style mineralisation

• Open pit bulk mine potential

• Open at depth and down plunge

• 30 m at 6 g/t gold and 17 g/t silver

• 26 m at 2.5 g/t gold and 20 g/t silver

Commonwealth South

13

Commonwealth: Potential at Depth

• High grade gold results

open along strike and at depth at: – Main Shaft

– Commonwealth South

• High value ore per tonne

14

Commonwealth: Potential along strike

COMMONWEALTH

• Grab sample results up to

24 g/t Au, 493 g/t Ag, 2.9% Pb,

0.4% Zn, 0.3% Cu

• Gold-rich mineralisation doubled

strike to 600 m

• Preliminary IP results: strong

chargeability at 200 m depth

CORONATION

• Early- to mid-time conductors

identified over 800 m

• Field checking results up to

18% copper, 58 g/t silver, 0.9%

lead, 0.9% zinc, 0.35 g/t gold

• 800 m strike copper-rich

mineralisation

15

What’s hiding under Silica Hill?!

16

Commonwealth: Regional Potential

• Secured a further 315 sq km

• 8 km strike potential rocks that host Commonwealth

• 10 km strike potential of structures that host Galwagere deposit

• Additional historic copper-gold workings

17

• Drill programme to commence in Q2 2014

• 2,500 m programme

• Initial aim to define >100,000 oz gold eq. resource

• Define plunge of shoots

• Define potential for >1 million ounces gold eq.

Commonwealth: Next Steps

18

Broken Hill

Nickel-Copper-PGM

Joint Venture Project New South Wales

Impact earning 80%

IPT required to spend $100,000 to earn 51%

and a further $200,000 to earn 80%

19

Broken Hill Ni-Cu-PGE JV Project

• Located in the richly mineralised NSW Curnamona Province

• 4 priority targets:

– Red Hill

– Platinum Springs

– Moorkaie

– Little Broken Hill Gabbro

• Highest platinum grades in Australia with potential for >1 Moz PGE

• Mineralised mafic and ultramafic dykes and sills with high grade gossans over a 35 km belt

• Impact to earn 80% by spending a further $300,000 by Nov 2017

Moorkaie

Platinum Springs

Red Hill

Little Broken Hill

Gabbro

20

Platinum Springs Prospect

• Bulk sample of gossan averaged up to

– 19.6 g/t platinum

– 50 g/t palladium

– 12 g/t other PGM’s (Os, Ir, Ru, Rh)

• High grade drill intercepts and rock chip

samples over small 100 m x 100 m area.

GMS-006 returned:

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

4.45% Cu

• Massive sulphides at sill base

• Possible feeder zones

• Previous work focussed on east-west

trending sill-model rather than Impact’s

north-south trending structural model

Open

21

Ni + Cu soil geochemistry

EM Anomaly

• 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

• Anomalous soil and rock chip samples extend for several hundred metres to the east

• NO DRILLING

• Partly coincident with EM anomaly

• Drill Ready Target

Red Hill Prospect

22

• Drill programme to commence in Q2 2014

• 1,000 m programme

• Drill EM target at Red Hills

• Drill beneath the Red Hill mine workings

• Define potential for >1 million ounces PGM.

Broken Hill: Next Steps

23

Mulga Tank

Nickel-Copper-PGE ProjectWestern Australia

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

24

• 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

25

A sense of scale and perspective!

Conductor 5

Area of

Mulga Tank

Dunite

Mulga Tank Dunite and the Kambalda Nickel Field at the same scale

1 km

26

News Flow

1 km