Impact Minerals Limited: Lodgement of Prospectus

Perth - Impact Minerals Ltd. (Company) (ASX:IPT) is pleased to advise that the attached Prospectus (see the link below) has been lodged with the Australian Securities and Investments Commission.

The Prospectus is for the offer of the Share Purchase Plan and for the offer of the shortfall to the Share Purchase Plan, to raise up to $4,001,400.

Pursuant to the Share Purchase Plan, existing Shareholders resident in Australia or New Zealand who were on the Company's register of Shareholders at Wednesday, 10 May 2017 (Eligible Shareholders) are entitled to subscribe for up to $15,000 of fully paid ordinary shares in the Company at $0.018 each (New Shares), with three free attaching options exercisable at $0.04 each on or before 15 June 2020 (Free Attaching Options) for every two New Shares subscribed for.

Any New Shares and Free Attaching Options (Offer Securities) not subscribed for under the Share Purchase Plan will form the Shortfall and will be offered under the Shortfall Offer, which forms a separate offer under the Prospectus. An individual, including an Eligible Shareholder, may apply for additional Offer Securities under the Shortfall Offer provided they are eligible under all applicable securities laws to receive an offer under the Shortfall Offer.

The funds raised will be used to fund a drill programme of up to 3,000 metres of reverse circulation and diamond drilling to test targets on the Silica Hill Prospect at the Company's 100% owned Commonwealth gold-silver-base metal project, for follow up work at the high grade Broken Hill copper-nickel-PGM project and Mulga Tank and for general working capital.

To view the prospectus, please visit:
http://abnnewswire.net/lnk/9AMYT7X6

About Impact Minerals Limited:

Impact Minerals Ltd. (ASX:IPT) is an exploration company listed on the ASX in November 2006.

The Company manages extensive tenement holdings (>2,000 km2) within Australia featuring significant potential for high-grade mineral deposits of gold, silver, lead, zinc, copper, nickel and PGM’s.

The Directors of the Company have extensive experience in mineral exploration and a strong history of exploration success, business development and corporate management.

Impact Minerals intends to build wealth for its shareholders through a vigorous campaign of project generation and evaluation with a view towards profitable mining operations.



Contact:

Dr Mike Jones Managing Director
Impact Minerals Ltd.
T: +61-8-6454-6666
E: info@impactminerals.com.au