Investor Presentation

Gold Symposium

Managing Director: Dr Mike JonesOctober 2014

Mulga Tank, WABroken Hill, NSWCommonwealth, NSW

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“Does he hath goldOr

Does gold hath him?”

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History of an Obsession?

12 month Share Price

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Introducing Impact Minerals (ASX:IPT)

Listed on ASX

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Options

Share Price

Market Cap:

Cash

Key Projects

November 2006

566m

8 m listed IPTO

34m unlisted

2.3¢

$13m $2.2m

Commonwealth

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

Broken Hill Joint Venture:

Ni-Cu-PGM (NSW)

Mulga Tank Joint Venture:

Ni-Cu-PGM (WA)

ShareholdersBunnenberg Family 30%Directors 9%Top 20 56%Top 50 65%

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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 of 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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Commonwealth Mine

• 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

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Impact Work Programme 2013-2014

• IP Survey• Soil

geochemistry• 21 drill holes for

3,600 m

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Ground IP Survey: Main Shaft and Silica Hill

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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 ounces per tonne) gold, 93 g/t silver, 5.5% zinc, 2.3% lead

• High value ore/tonne

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Commonwealth South: new massive sulphide

lenses?

• New massive sulphide

lenses discovered in two

drill holes:

• IPT 17

– 4 m at 41.8 g/t (1.3 oz per tonne) gold, 93 g/t silver, 5.5% zinc, 2.3% lead

• IPT 14

– 2 m at 6.7 g/t Au, 61.6 g/t Ag, 3.8% Zn, 3.2% Pb from 53 m; and also4 m at 6.0 g/t Au, 25 g/t Ag, 1.4% Zn, 0.3% Pb from 72 m.

• Open at depth and along

trend

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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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• 1 Moz gold

equivalent resource

and reserve

• Gold-silver-zinc-lead

• Starts 200 m below

surface

• Intial production

50,000 oz per year

• Fully funded by

Glencore

Analogy: Hera deposit (YTC) - Cobar, NSW

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Analogy: Hera deposit (Aurelia) - Cobar, NSW

Resources 2.44Mt @ 4.1g/t Au, 2.8% Pb, 3.8% Zn and

16.7g/t Ag

Reserves 1.8Mt @ 3.6g/t Au, 2.5% Pb, 3.5% Zn and

15g/t Ag

Initial Mine Life 7.3 years

Project Revenue (Stage 1 Only) >$510 million

Estimated Average Annual Production*

Gold: 39,000oz

Lead: 7,800t

Zinc: 10,800t

Silver: 154,800oz

Operating Costs (for Au after Pb-Zn credits) A$395/ounce*

Recoveries (average over initial LOM)

Gold: 94%

Lead: 91%

Zinc: 90%

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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

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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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• 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

Broken Hill

Nickel-Copper-PGM

Joint Venture ProjectNew South Wales

Impact 51% and earning 80%by spending $200,000 to earn 80%

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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

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

• NO DRILLING

• Partly coincident with EM/IP anomaly

• Drill Ready Targets

Red Hill Mine

Prospect