Impact Minerals has commenced a Pre-Feasibility Study (PFS) at its Lake Hope High Purity Alumina (HPA) project in Western Australia, which is expected to be completed over the next 12-18 months.

Lake Hope contains a globally unique deposit of high-grade aluminium clay minerals in the top few metres of a playa salt lake, which has unique physical and chemical properties that will allow for low-cost mining and offsite metallurgical processing via a cost-disruptive acid leaching process.

Preliminary economic studies have already indicated that the production of HPA and related products from the project will be cost-competitive with current producers and other developers in Australia and globally, as Stockhead reported on 21 March this year.

Impact Minerals (ASX:IPT) has also begun the work required to lodge a Mining Lease Application in early Quarter 3, 2023.

 

The next HPA player in production

The company is earning 80% interest in the project, which will give it the opportunity to become a low-cost entrant into the HPA chemical market, a high-margin business forecast to grow strongly over the next decade (ASX Release March 21st 2023).

“We have hit the ground running since announcing the transformational joint venture at Lake Hope,” MD Dr Mike Jones, said.

“At short notice, we have assembled a first-class team of consultants to complete the Pre-Feasibility Study work programs over the next 12 to 18 months and drive us towards production.

“In addition, this work will allow us to release a Maiden Resource and an initial Scoping Study over the next two months, as well as lodge a Mining Lease application in the third Quarter of this year.

“We have never been busier as we become the next ‘playa’ in HPA.”

 

 

 

This article was developed in collaboration with Impact Minerals Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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