Impact Minerals (IPT) Q1 2026 TU earnings summary

Executive summary

• Acquired 80% of Playa One Pty Ltd, securing the Lake Hope High Purity Alumina (HPA) Project and related IP after a successful Pre-Feasibility Study (PFS) confirmed robust project economics.

• Strategic $4.1 million placement completed to fund HPA ventures, Alluminous investment, and copper exploration at Broken Hill.

• Entered a joint venture with Kuniko Ltd for the Commonwealth Project, with Kuniko earning up to 70% interest through staged investment.

Financial highlights

• Lake Hope PFS: Post-tax NPV10 of A$1.165 billion, initial capex A$259 million, opex US$5,860/t (potentially <US$4,500/t with by-product credits), post-tax IRR 47%, payback 2.2 years, 33-year mine life.

• Cash at September 30th, 2025: $4.96 million.

• Placement raised A$4 million at A$0.0065 per share, with a 22% discount to 15-day VWAP.

Outlook and guidance

• Definitive Feasibility Study (DFS) underway for Lake Hope, including pilot plant construction and integration with HiPurA® process.

• All material assumptions from the PFS remain unchanged and valid.

• Alluminous is focused on rapid HPA product qualification, customer engagement, and modular commercialisation.