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Impact Minerals Limited (AU:IPT)
ASX:IPT

Impact Minerals Limited (IPT) AI Stock Analysis

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AU:IPT

Impact Minerals Limited

(Sydney:IPT)

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Neutral 45 (OpenAI - 5.2)
Rating:45Neutral
Price Target:
AU$0.06
▲(16.00% Upside)
The score is driven primarily by weak financial performance (zero revenue in 2025, widening losses, and ongoing cash burn), partially offset by low leverage and a remaining equity base. Technicals and valuation add modestly negative-to-neutral support, with mixed momentum and a negative P/E reflecting continued unprofitability.
Positive Factors
Balance sheet strength / low leverage
A meaningful equity base and minimal debt provide a durable solvency buffer for an exploration company. This reduces short-term default risk, supports continued funding of exploration programs, and gives management flexibility to pursue JV/farm-in deals without immediate cash-flow pressures.
Diversified commodity exposure
Exposure to multiple base and precious metals spreads geological and market risk and aligns the company with several long-term structural demand trends (electrification, renewables for nickel/copper; autocatalysts and industrial uses for PGEs and gold). This increases odds of an economically valuable discovery.
Multiple funding pathways typical of explorers
Having established, durable options—equity raises, farm-ins/JVs, asset sales, royalties—gives management practical levers to fund exploration and de-risk projects. Farm-ins and JV structures in particular can advance projects while shifting capital intensity to partners.
Negative Factors
Zero reported revenue
A complete absence of operating revenue and materially wider losses mean the business cannot self-fund operations or capital programs. Long-term viability depends on continual external financing or successful asset monetisation, increasing execution and dilution risk for shareholders.
Persistent negative operating and free cash flow
Consistent cash burn and negative free cash flow create a structural funding requirement. Over months this forces reliance on capital markets or partner funding, which can delay exploration, constrain follow-up drilling, and raise the probability of dilutive financings if markets are weak.
Declining equity base from cumulative losses
A shrinking equity base shows cumulative losses are eroding the company's capital cushion. This reduces financial flexibility, limits borrowing capacity, and increases the likelihood management will need to raise equity or cut programs—actions that can prolong timelines to monetisation.

Impact Minerals Limited (IPT) vs. iShares MSCI Australia ETF (EWA)

Impact Minerals Limited Business Overview & Revenue Model

Company DescriptionImpact Minerals Limited operates as an exploration company in Australia. It primarily explores for nickel, gold, copper, silver, lead, zinc, and platinum group element deposits. Its flagship project is the Arkun-Beau project comprising 8 exploration licenses covering an area of 2,100 square kilometers located in Western Australia. The company was incorporated in 2006 and is based in West Perth, Australia.
How the Company Makes MoneyImpact Minerals Limited generates revenue primarily through the exploration and development of mineral resources. The company seeks to increase the value of its mineral projects by conducting extensive exploration activities to define resource estimates, which can attract investment or potential buyers. Revenue can also be generated through the sale or joint venture of its projects with other mining companies. Additionally, the company may receive funding and financial support through equity raises, partnerships, or government grants for exploration initiatives. The company's earnings are influenced by its ability to successfully discover viable mineral deposits and the prevailing market conditions for the commodities it explores.

Impact Minerals Limited Financial Statement Overview

Summary
Impact Minerals Limited is facing significant financial difficulties. The income statement reveals consistent losses, the balance sheet shows some stability with its equity position but declining asset base, and cash flow challenges are apparent with persistent negative free cash flow signaling potential liquidity issues.
Income Statement
Impact Minerals Limited shows a worrying trend in its income statement. The company has consistently reported negative net income and EBIT over the years, indicating ongoing losses. Revenue has been minimal and erratic, showing a lack of growth and stability. Profit margins, both gross and net, have been negative, which is concerning for long-term profitability and sustainability.
Balance Sheet
The balance sheet reflects a moderately stable financial position with a strong equity base relative to liabilities, as demonstrated by a low debt-to-equity ratio. The company has maintained a positive cash position over the years, which provides a cushion against short-term financial volatility. However, a declining equity trend and low asset utilization raise concerns about future growth potential.
Cash Flow
Cash flow analysis points to substantial challenges, with negative free cash flows indicating that the company is not generating enough cash to cover its capital expenditures. The operating cash flow has also been negative, reducing flexibility for operational needs. Despite occasional financing cash inflows, the overall cash management appears strained.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.00115.90K76.23K114.86K15.63K
Gross Profit-108.53K-108.53K115.90K49.41K3.51K-23.44K
EBITDA-6.77M-9.24M-7.00M-6.51M-2.63M-4.82M
Net Income-9.02M-9.02M-6.75M-5.78M-2.40M-4.76M
Balance Sheet
Total Assets12.19M12.19M15.89M18.47M19.20M16.02M
Cash, Cash Equivalents and Short-Term Investments2.45M2.45M3.42M4.69M3.82M3.44M
Total Debt323.13K323.13K401.50K449.60K0.000.00
Total Liabilities777.61K777.61K901.26K1.05M643.75K390.32K
Stockholders Equity11.41M11.41M14.98M17.42M18.56M15.63M
Cash Flow
Free Cash Flow-3.21M-1.41M-4.74M-3.13M-4.50M-5.69M
Operating Cash Flow-1.38M-1.38M-1.40M140.88K-739.24K-817.80K
Investing Cash Flow-4.16M-4.16M-3.34M-3.22M-3.55M-4.97M
Financing Cash Flow4.57M4.57M3.47M3.96M4.69M6.77M

Impact Minerals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
52
Neutral
AU$48.62M-5.00-11.03%18.92%
48
Neutral
AU$27.98M-10.00-108.41%36.67%
47
Neutral
AU$22.15M-10.83-17.94%55.56%
47
Neutral
AU$64.44M-19.23-15.05%76.36%
45
Neutral
AU$27.99M-2.18-67.73%-22.07%
44
Neutral
AU$57.09M-26.25-5.01%88.57%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:IPT
Impact Minerals Limited
0.06
-0.04
-42.72%
AU:CLA
Celsius Resources
0.02
<0.01
50.00%
AU:RMI
Resource Mining Corporation Limited
0.03
0.02
136.36%
AU:PXX
PolarX Ltd
0.02
0.01
110.00%
AU:SUH
Southern Hemisphere Mining Limited
0.04
<0.01
35.71%
AU:SHN
Sunshine Gold Ltd
0.03
0.02
150.00%

Impact Minerals Limited Corporate Events

Impact Minerals Advances Lake Hope HPA Project With Membrane Tech and Potash Upside
Jan 8, 2026

Impact Minerals has reported substantial technical progress in the first year of a A$2.87 million Cooperative Research Centres Projects programme to integrate advanced membrane technologies into the Lake Hope HPA flowsheet, underpinning the project’s Pre-Feasibility Study. Work with CPC Engineering and Edith Cowan University’s Mineral Recovery Research Centre has delivered high-purity sulphate of potash crystals and magnesium-potash fertiliser products as by-products, improved water recovery for reuse, and a potential low-cost iron-removal step, collectively pointing to lower capital and operating costs, reduced environmental footprint and enhanced product suite. The research has also identified a potential standalone large-scale potash and acid production pathway at Lake Hope and surrounding lakes, as well as opportunities to incorporate eutectic-freeze crystallisation technologies, opening the door to an additional mining project and reinforcing Lake Hope’s broader commercial and strategic significance in potash and critical minerals markets.

The most recent analyst rating on (AU:IPT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Impact Minerals Limited stock, see the AU:IPT Stock Forecast page.

Impact Minerals Deepens HPA Push with Alluminous–C4V Battery Technology Deal
Dec 19, 2025

Impact Minerals’ associated company Alluminous has signed a technology collaboration agreement with U.S. battery innovator Charge CCCV (C4V) to jointly develop and qualify the HiPurA high-purity alumina process for advanced battery applications, including separator coatings, ceramic layers, solid-state components and electrode interface materials. The non-exclusive deal is designed to accelerate technical validation and commercial readiness of HiPurA HPA through C4V’s full cell testing and access to U.S., Indian and European gigafactory networks, strengthening Impact’s strategy to build a vertically integrated HPA business from Lake Hope feedstock to downstream production and potentially opening doors to major OEMs, U.S. supply-chain programs and future U.S.-based demonstration plants, thereby enhancing the company’s growth prospects in the rapidly expanding clean-energy market.

Impact Minerals Appoints New Director with Indirect Option-Based Interest
Dec 18, 2025

Impact Minerals Limited has appointed Scott Phegan as a director effective 12 December 2025, strengthening its board with additional leadership in the minerals exploration space. According to the initial director’s interest notice lodged with the ASX, Phegan holds no shares directly in Impact Minerals but has an indirect interest through Agile Trading & Investment Pty Ltd, which holds 2.5 million unlisted options exercisable at 8 cents and expiring on 5 December 2028, a structure that aligns his incentives with future company performance without immediate equity dilution for existing shareholders.

Impact Minerals Appoints Scott Phegan as Executive Director to Drive HPA Growth
Dec 12, 2025

Impact Minerals Limited has appointed Scott Phegan as Executive Director to bolster its growth in the high-purity alumina (HPA) sector. Phegan brings over 30 years of experience in the bauxite, alumina, and specialty materials industries, having held senior roles at Alcoa and consulted on hydrometallurgical processes. His expertise is expected to be instrumental as Impact moves towards pilot-scale production and prepares for a Definitive Feasibility Study, strengthening its position as a future integrated HPA producer.

Impact Minerals Announces Director’s Interest Change
Dec 11, 2025

Impact Minerals Limited has announced a change in the interests of its director, Paul Ingram, involving the expiration of 8,000,000 unlisted options and the acquisition of 20,000,000 new unlisted options exercisable at a lower price. This adjustment, approved at the company’s recent Annual General Meeting, reflects strategic financial maneuvers aimed at optimizing the director’s investment portfolio and potentially influencing the company’s market positioning.

Impact Minerals Issues New Unquoted Equity Securities
Dec 5, 2025

Impact Minerals Limited announced the issuance of 13,000,000 unquoted equity securities in the form of options expiring on December 5, 2028, with an exercise price of $0.80. This move is part of an employee incentive scheme and is not intended for quotation on the ASX, potentially impacting the company’s capital structure and aligning employee interests with long-term company performance.

Impact Minerals Issues New Quoted Options Post-AGM Approval
Dec 5, 2025

Impact Minerals Limited has issued and allotted 4,100,000 IPTOC Quoted Options to the Placement Broker, following shareholder approval at the recent AGM. This move, compliant with relevant sections of the Corporations Act, signifies the company’s strategic financial maneuvering to potentially enhance its capital structure and market positioning.

Impact Minerals Limited Announces Quotation of New Securities
Dec 5, 2025

Impact Minerals Limited has announced the application for quotation of 4,100,000 securities on the Australian Securities Exchange (ASX), under the code IPTDB, with an expiration date set for September 28, 2027. This move is part of a previously announced transaction, potentially enhancing the company’s financial flexibility and market presence.

Impact Minerals Limited Announces Cessation of Securities
Dec 3, 2025

Impact Minerals Limited announced the cessation of certain securities, specifically options that expired without being exercised. This development indicates a change in the company’s issued capital structure, potentially affecting stakeholder interests and the company’s financial strategies moving forward.

Impact Minerals Faces Setback in Options Issuance
Nov 26, 2025

Impact Minerals Limited announced that a resolution to issue options to participants in a recent placement was not passed at the Annual General Meeting, meaning no options will be issued. Despite this setback, the company remains committed to its strategic objectives, including the development of its HPA projects and maintaining shareholder alignment. The company plans to engage further with stakeholders on its capital management and growth plans, continuing to focus on its HPA pathway and critical minerals portfolio.

Impact Minerals Limited Announces Security Consolidation
Nov 25, 2025

Impact Minerals Limited has announced a security consolidation, affecting various securities including ordinary shares and options with different expiration dates. This reorganization is set to commence trading on a deferred settlement basis starting December 4, 2025, with the record date on December 5, 2025, and the issue date on December 12, 2025. The consolidation aims to streamline the company’s capital structure, potentially impacting its market positioning and shareholder interests.

Impact Minerals Limited AGM Results: Key Resolutions Passed and Rejected
Nov 25, 2025

Impact Minerals Limited held its 2025 Annual General Meeting where all resolutions were put to a poll. Notably, the approval of a 10% Placement Facility was not carried, while other resolutions, including the re-election of a director and adoption of proportional takeover provisions, were successfully passed. This outcome could influence the company’s future capital raising strategies and governance structure.

Impact Minerals Limited Announces Transformational HPA Production Initiative
Nov 25, 2025

Impact Minerals Limited, listed on the ASX under the ticker IPT, is involved in the production of high purity alumina (HPA), a material with significant industrial applications. The company has announced a transformational production initiative aimed at enhancing its capabilities in producing HPA, which could potentially strengthen its market position and offer new opportunities for stakeholders.

Impact Minerals Resumes Exploration at Broken Hill Amid Rising Metal Prices
Nov 5, 2025

Impact Minerals Limited is resuming exploration at its 100%-owned Broken Hill Project in New South Wales, driven by increased metal prices and new exploration concepts. The project is prospective for various mineralization styles, including copper, nickel-copper-PGM, and silver-lead-zinc. The company has identified new high-grade mineralization zones using proprietary techniques, with potential for further discoveries along the Moorkai Trend. This renewed exploration effort aligns with increased corporate activity in the region, positioning Impact as a major player in the area.

Impact Minerals Updates Director’s Securities Holdings
Nov 3, 2025

Impact Minerals Limited has announced a change in the director’s interest, specifically concerning Michael Griffith Jones. The change involves the expiration of 25,000,000 unlisted options that were not exercised, which were previously held directly by the director. This adjustment in securities does not involve any financial consideration and reflects a routine update in the director’s holdings.

Impact Minerals Limited Announces Cessation of Securities
Nov 3, 2025

Impact Minerals Limited announced the cessation of a significant number of securities, specifically 83,000,000 options expiring on October 31, 2025, at an exercise price of $0.0217, and 4,000,000 options expiring on the same date at $0.024. This cessation, due to the expiry of options without exercise or conversion, might impact the company’s capital structure and investor perception, potentially influencing its market positioning and stakeholder interests.

Impact Minerals Advances HPA Project with Strategic Acquisitions and Investments
Oct 30, 2025

Impact Minerals Limited has announced significant developments in its Lake Hope High Purity Alumina (HPA) Project, having acquired an 80% interest in Playa One Pty Ltd. This acquisition follows a successful Pre-Feasibility Study that confirmed the project’s robust economics, highlighting its potential as a low-cost, low-carbon HPA producer. The company is also advancing its Alluminous and Commonwealth projects, with strategic partnerships and investments aimed at enhancing its market position. Additionally, a strategic A$4.1 million placement has been made to support ongoing ventures, reflecting a strong financial commitment to expanding its operations.

Impact Minerals Limited Reports Quarterly Cash Flow and Strategic Funding
Oct 30, 2025

Impact Minerals Limited reported its quarterly cash flow, highlighting a net cash outflow from operating and investing activities, while securing significant funds through equity securities issuance. The company’s financial activities indicate a strategic focus on funding its exploration and evaluation efforts, which could impact its operational capabilities and market positioning.

Impact Minerals Limited Announces Digital Access for Upcoming AGM
Oct 24, 2025

Impact Minerals Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 25, 2025, in West Perth. The company will not send physical copies of the meeting notice but will provide electronic access to the materials. Shareholders are encouraged to vote by proxy, with instructions available online or through various submission methods. This move reflects the company’s commitment to digital communication and efficient shareholder engagement.

Impact Minerals Limited Announces Annual General Meeting
Oct 24, 2025

Impact Minerals Limited has announced its Annual General Meeting, which will take place on November 25, 2025, in West Perth, Australia. The meeting will cover the company’s annual report, including financial and auditor’s reports, and will address resolutions such as the adoption of the remuneration report and the re-election of Dr. Frank Bierlein as a director. These discussions and decisions are crucial for the company’s governance and strategic direction, impacting shareholders and stakeholders involved.

Impact Minerals Releases 2025 Corporate Governance Statement
Oct 24, 2025

Impact Minerals Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the extent to which the company has adhered to the ASX Corporate Governance Council’s recommendations, providing transparency and accountability in its governance practices.

Impact Minerals Limited Releases 2025 Corporate Governance Statement
Oct 24, 2025

Impact Minerals Limited has released its Corporate Governance Statement as of June 30, 2025, highlighting its adherence to the ASX Corporate Governance Council’s recommendations. The company has adopted a Board Charter that outlines the roles and responsibilities of its board and management, and it conducts thorough checks before appointing directors or senior executives. Although it has a Diversity Policy, the company has not set measurable objectives for gender diversity due to its small size. The Board believes that the current structure is sufficient for its operations, opting to perform duties typically assigned to committees collectively.

Impact Minerals Limited Releases 2025 Annual Report
Oct 24, 2025

Impact Minerals Limited has released its Annual Report for 2025, detailing its operational activities and corporate governance. The report highlights the company’s strategic initiatives and financial performance, which are crucial for stakeholders to assess its market positioning and future prospects.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 10, 2026