Impact Minerals' R&D Rebate Announcement

Impact Minerals Limited (ASX: $IPT) has received a rebate of $354,000 from the Research and Development Tax Incentive scheme for the financial year ending June 2023. This rebate, combined with the recent $3.725 million raised from a placement and exercise of options, strengthens the company's financial position, ensuring full funding for the Pre-Feasibility Study on the Lake Hope High Purity Alumina Project and ongoing exploration of other projects.

Executive Commentary

The unique mineralogy and patented processing techniques for the Lake Hope High Purity Alumina project have allowed us to claim back a significant proportion of our expenditures through the R&D Tax Incentive programme. We anticipate being able to claim an increasing amount of our expenditures on Lake Hope as we continue to develop this exciting project.

Summary and Outlook

Impact Minerals Limited (ASX: $IPT) has received a $354,000 rebate from the R&D Tax Incentive scheme for the financial year ending June 2023, further strengthening its financial position. The rebate, combined with recent funds raised, ensures full funding for the Pre-Feasibility Study on the Lake Hope High Purity Alumina Project and ongoing exploration of other projects. The company anticipates claiming an increasing amount of expenditures on Lake Hope as the project develops, reflecting its unique mineralogy and patented processing techniques. Impact Minerals expresses gratitude to those involved in preparing the R&D applications over the past 8 years. The company invites shareholders to engage directly through its Investor Hub for further insights and discussions.