Impact employees undertaking exploration work.

Impact to raise $4m

Gold hopeful Impact Minerals is aiming to raise $4 million through a share purchase plan to fund exploration at is Commonwealth gold-silver-base metals project in NSW.

The West Perth-based company will issue up to 222 million shares at a price of 1.8 cents each, the stock’s five-day volume-weighted average.

Subscriptions will be for up to $15,000 of shares, while additional options with a 4 cent strike price will be attached.

Impact Minerals managing director Mike Jones said he believed the company’s drill targets had exceptional merit and he would be taking up his full allocation of shares.

“This is a significant opportunity for existing shareholders to increase their participation in upcoming drill programs at the company’s emerging Commonwealth project, where we will start drilling in June, as well as at our Broken Hill project,” he said.

“Both projects have already delivered exceptional high-grade drill results that require follow up work as well as numerous new drill targets from our ongoing work.”

“I believe the targets we are going to drill have exceptional merit.”

Shares in Impact were unchanged at 1.7 cents each at the close of trading.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/18

1 year TSR5 year TSR
199thBulletin Resources55%37%
614thImpact Minerals-30%-12%
672ndGBM Resources-40%-19%
756thEden Innovations-59%48%
795thCarbine Resources-70%-1%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Other
$0 Other
$0 Other
Total value as at the date of the transaction
Source: Morningstar


119th↑Impact Minerals$1.1m
122nd↑Carbine Resources$963k
123rd↓Eden Innovations$957k
125th↑Bulletin Resources$928k
126th↓GBM Resources$855k
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Impact Minerals

341stMichael Jones$374k
760thJames Cooper-Jones$168k
876thPeter Unsworth$131k
Ranked by total remuneration from all listed WA companies

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