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impact Excellence in Exploration MINERALS ASX ANNOUNCEMENT ASX Code : IPT Date : 29th October 2021 Market Cap 1 . SEPTEMBER 2021 QUARTERLY REPORT COMMONWEALTH Cu - Au PROJECT , NSW ( IPT 100 % ) • A large halo of copper and associated altered rocks covering a 1,000 metre by 1,000 metre by 350 metre deep area identified at Apsley . • Up to nearly 250 metre thick drill intercepts averaging from 100 ppm to 200 ppm copper with associated molybdenum and alteration minerals typical of the outer zones of a porphyry copper - gold system . • Similar copper values and alteration at the Ridgeway Mine occur within only 200 metres to 300 metres of the high grade core . • Metal zonation patterns have identified three areas for follow up work COVID lockdown in NSW has curtailed activity in NSW until 2022 . • 2. ARKUN Ni - Cu - PGM PROJECT , WA ( IPT 100 % ) • . 11 targets for Ni - Cu - PGM and 11 targets for lithium - cesium - tantalum ( LCT ) pegmatites identified with soil anomalies for both styles of mineralization extending over significant areas of many hundreds of metres on reconnaissance traverses . The Arkun project is very poorly explored with no drilling and no previous lithium exploration . Follow up work including field checking and rock chip sampling is in progress . Land access negotiations to commence as soon as practicable . • Very high success rate of anomaly identification validates Impact's targeting methodology . A $ 28 m ( 0.014 p / s ) Issued Capital 2,023,794,919 Directors Peter Unsworth Chairman Dr Michael Jones Managing Director Paul Ingram Non - Executive Director Markus Elsasser Non - Executive Director Frank Bierlein Non - Executive Director Bernard Crawford Company Secretary 3. DOONIA GOLD PROJECT , WA ( IPT 80 % ) • A statutory Heritage Survey with the Ngadju Group was completed . • 4 . All approvals are now in place for drilling planned for late November . Drilling will test a large gold + bismuth soil geochemistry anomaly up to 2.5 km by 1.5 km in size centred over a cluster of smaller near - surface magnetic anomalies . Strong geophysical and geochemical similarities to the recent Burns discovery ( ASX : LEX ) located 20km west of Doonia . CORPORATE a 26 Richardson Street West Perth Western Australia 6005 t +61 ( 8 ) 6454 6666 f + 61 ( 8 ) 6314 6670 e info@impactminerals.com.au www.impactminerals.com.au • $ 2.2 million cash as at 30th September 2021 .