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Investor Presentation

Making an “Impact” In NSW

Managing Director: Dr Mike Jones Chief Operations Officer: Leo Horn SYMPOSIUM PRESENTATION Broken Hill May 2014

Commonwealth, NSW

Broken Hill, NSW

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Introducing Impact Minerals

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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

4.2¢

$20m

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

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

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

$1.3m (plus $200,000 cash and

$550,000 in shares May-Jun)

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

Tightly held register for strong capital growth

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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

Making an Impact in NSW

Good projects

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Commonwealth Project: Setting Major Gold-Copper Mining Province

Be in a region where there are a lot of existing mines

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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

Go to the headframe

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Commonwealth: Deposit Model

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

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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

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• 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

Look for High Grade

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Commonwealth: Potential at Depth

• High grade gold results

open along strike and at depth at: – Main Shaft

– Commonwealth South

• High value ore per tonne

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Ground IP Survey: finding sulphide!

New geophysical anomalies

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What’s hiding under Silica Hill?!

New soil anomalies

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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

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• 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

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Broken Hill

Nickel-Copper-PGM

Joint Venture Project

New South Wales

Impact earning 80%

IPT required to spend $50,000 to earn 51%

and a further $200,000 to earn 80%

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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

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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

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What could be at Broken Hill?

North American

Mid-continent Rift

• Giant Duluth

Complex and

associated feeder

systems

• Thunder Bay

North and Eagle

are two deposit

styles that could

be present at

BrokenHill.

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Needle in a haystack! 50 m

50 m

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• Gravity

Reprocessing of previous geophysics data

• IP

• Magnetics

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“Residual?” Potential at Platinum Springs

Thunder Bay Resource Outline!

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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 anomaly

• Drill Ready Target

Red Hill Prospect

An Eagle Analogue?

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Eagle: 5Mt @ 3.7%Ni and 3.%Cu

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Red Hill: an Eagle Analogue? Eagle intrusions

Red Hill

Size of Eagle Intrusion

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• Drill programme to commence in Q2 2014

• 1,500 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

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News Flow

1 km

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Does Impact “tick the boxes”?

1 km

Strong management Tightly held register for strong capital growth Active explorer Good projects Strong news flow

Thank you for listening