Impact Minerals (ASX: IPT) is pleased to share the financial statements for the year ended 30 June 2024.
Announcement Highlights
- The principal activity of the Group during the financial year was exploration for deposits of nickel, gold, copper and platinum group elements. The Group also acquired the right to earn an 80% interest in the Lake Hope High Purity Alumina Project.
- As at 30 June 2024, the Group had net assets of $14,984,501 (2023: $17,417,108) including cash and cash equivalents of $ 3,422,215 (2023: $4,688,824).
- Significant changes in the state of affairs of the Group during the financial year were as follows: In May 2024, the Company raised $3,000,000(before costs) via a placement of 150,000,000 shares at an issue price of 2 cents each to fund the Lake Hope Project.
Read the full Impact Minerals Company Update here.
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