Impact Minerals (IPT) H2 2025 earnings summary

Executive summary

• Completed Pre-Feasibility Study (PFS) for Lake Hope High Purity Alumina (HPA) Project, confirming global significance and low-cost, low-carbon production potential with a 33-year mine life and 10,000 tpa HPA output.

• Acquired 50% of Alluminous Pty Ltd, securing HiPurA HPA processing technology, accelerating market entry and providing dual feedstock flexibility.

• Expanded exploration portfolio with new ground at Broken Hill and advanced joint venture at Commonwealth Project, maintaining exposure while focusing resources on core assets.

• Raised $5.15 million via rights issue and secured $2.87 million CRC-P grant for pilot plant and membrane technology research.

Financial highlights

• Net loss after tax for FY2025: $9,018,447 (FY2024: $6,752,567), driven by $5.56 million impairment of exploration expenditure and $1.19 million impairment of assets held for sale.

• Revenue from operating activities: $78,917; other income: $546,874.

• Net assets at 30 June 2025: $11,411,762 (2024: $14,984,501); cash and cash equivalents: $2,451,240 (2024: $3,422,215).

• EBITDA (life of mine, Lake Hope): AUD $7,786M; post-tax NPV10: AUD $1,165M; IRR: 47.5%; payback: 2.2 years.

Outlook and guidance

• Definitive Feasibility Study (DFS) for Lake Hope to commence, including pilot plant operations and integration with HiPurA technology.

• Targeting accelerated commercial production and offtake agreements, with further engagement of potential customers and partners.

• Ongoing exploration at Arkun and Broken Hill, with drilling at Caligula prospect planned for 2026.