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Impact Minerals (ASX:IPT)

Announced that it has appointed an experienced marketing manager to spearhead the company’s engagement with potential off–take partners and customers for High–Purity Alumina (HPA) produced from the Lake Hope HPA project, located 500 km east of Perth in Western Australia.

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Impact MInerals Project Update: Lake Hope High Purity Alumina (HPA) Project, WA.

Impact Minerals Limited (ASX:IPT) is pleased to announce that it has appointed an experienced marketing manager to spearhead the company’s engagement with potential off–take partners and customers for High–Purity Alumina (HPA) produced from the Lake Hope HPA project, located 500 km east of Perth in Western Australia.

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Highlights

• Marketing Manager with expertise in critical minerals, appointed to spearhead the company’s engagement with customers and off–take partners.
• Negotiation Protocol signed with the PBC for the Ngadju Aboriginal people with a first meeting set for October 16th.
• Mining studies completed with quotes awaited for costs for mining and transport of the lake sediment to Kwinana.
• Final report awaited for an upgrade of a significant part of the Lake Hope alumina resource to the Measured Resource category.
• Engineering studies for the proposed process plant in Kwinana continue on schedule with a focus on acid reuse.
• Testwork progressing with a 20 kg sample of intermediate material being prepared for acid leaching as part of the Low Temperature Leach Process.

New Marketing Manager

Joseph Casella joins Impact following five years at Tianqi Lithium, the majority owner of the Greenbushes lithium–tantalum mine, where he was responsible for the commercial aspects of the Kwinana Lithium Hydroxide plant.

This involved customer management and new product development for lithium
processing by–products, in particular providing marketing support for feasibility studies to beneficiate aluminosilicates into high–purity products.

Joseph’s expertise includes developing and refining market strategies, managing complex supply chains, leveraging benefits from international trading houses, and leading circular economy and ESG initiatives which will also form part of his role. His deep understanding of critical mineral markets, including lithium and aluminosilicates, positions him as the ideal leader for spearheading customer engagement in
Impact’s HPA business.

His proven track record in building strategic customer relationships and business
development will significantly contribute to driving growth and fostering new opportunities in this sector.

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The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Imoact MInerals.

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Impact Minerals (ASX:IPT)

Advised that it has received firm commitments from sophisticated investors for a strategic placement to raise A$3,000,000 (before costs) via the issue of 150,000,000 fully paid ordinary shares in the capital of the Company at an issue price of A$0.02 per Placement Share. 

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Impact funded to complete Pre–Feasibility Study at the Lake Hope High Purity Alumina Project, WA

May 17, 2024

Impact Minerals Limited (ASX:IPT) (Company) is pleased to advise that it has received firm commitments from sophisticated investors for a strategic placement (Placement) to raise A$3,000,000 (before costs) via the issue of 150,000,000 fully paid ordinary shares (Placement Shares) in the capital of the Company (Shares) at an issue price of A$0.02 per Placement Share.

For every three Placement Shares subscribed for, one free–attaching option will be issued with an exercise price of $0.027 per option and an expiry
date that is 15 months after the date of issue (Placement Options).

Major shareholders strongly supported the placement, an endorsement of the Company’s future strategic plans.

Highlights

• Strategic A$3 million placement mostly supported by major shareholders to be issued under the Company’s existing available placement capacity under ASX Listing Rule 7.1.
• In addition, funds being received from exercise of listed options (IPTOB) into shares.
• Anticipated Research and Development Rebate of $395,000 due shortly.

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Impact Minerals’ Managing Director Dr Mike Jones, said,

“We are now very well–funded to complete the Pre–Feasibility Study on our unique Lake Hope High Purity Alumina Project located here in Western Australia by the end of this year.

“We have deliberately placed most of the shares to our major shareholders which is a strong endorsement of our plan to move forward as quickly as possible with Lake
Hope and we thank them for their support.

“We would also like to thank those new shareholders who have recently exercised our listed IPTOB 2 cent per share options I would like to encourage other holders of IPTOB to consider doing the same before the expiry date of June 2nd.

“As well as the Lake Hope project we will also be able to progress our Arkun battery and strategic metals project for which we recently received up to $180,000 in co–funding from the WA Governments Exploration Incentive Scheme for drilling of our exciting Caligula copper target”

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To read the full news release please click HERE

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds no shares in Impact Minerals.

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Happy birthday mum

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Impact Minerals (ASX:IPT)

A  significant bulk sampling and test pits program has recently been completed at IPT’s  flagship Lake Hope High Purity Alumina (HPA) project located 500 km east of Perth in Western Australia. 

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Impact Minerals Bulk Sampling and Test Pit Program Completed at Lake Hope HPA Project

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Impact Minerals (ASX: IPT) Announced that a significant bulk sampling and test pits program has recently been completed at their flagship Lake Hope High Purity Alumina (HPA) project located 500 km east of Perth in Western Australia.

The program is a critical component of the Pre–Feasibility Study on Lake Hope, which is currently underway following a positive Scoping Study on the project that indicated the project may be the lowest–cost producer of HPA globally by a significant margin (ASX Release 9th November 2023).

Impact has the right to earn an 80% interest in the Lake Hope project by completing the Pre–feasibility Study (ASX Release 21st March 2023).

A total of 5.5 tonnes of material was collected from twenty–five bulk samples taken from test pits across West Lake and East Lake, which host the alumina deposit at Lake Hope.

The deposit contains a resource of 3.5 million tonnes at 25.1% alumina (Al2O3) for a contained 880,000 tonnes of alumina, of which about 88%, or about 775,000 tonnes of alumina, is in the higher confidence Indicated Resource category (ASX Release 19th June 2023).

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Managing Director Dr Mike Jones said:

“This bulk sampling program marks another significant milestone in our journey towards the production of High Purity Alumina (HPA) from Lake Hope and caps off a very busy and successful nine months since acquiring the rights for this exceptional project.

“In that time, we have completed a maiden resource statement, obtained heritage clearance from the Ngadju First Nations people, completed most of the first phase of metallurgical test work using the unique Playa One sulphate process, and completed a Scoping Study.

 

“The results of that study were outstanding and demonstrated the potential of Lake Hope to produce HPA at a cost much less than any other supplier globally, and this has given us the confidence to progress the pre–feasibility study aggressively.

 

“The bulk samples will set us up for the forthcoming stages of development, which will include the commissioning of a mini–pilot plant once the initial test work is completed.

Our focus for 2024 will be to complete the PFS, which will include setting up the mini–pilot plant and, in particular, producing HPA in bulk for potential customers and off–take partners.

 

“As part of this strategy, we have already started reaching out to key groups in the battery and LED market, and the demand is there.

 

“We look forward to a watershed year for Lake Hope, Impact and its shareholders”.

Impact confirms that no new information exists, and all modifying factors remain the same as at the time of the first publication of the resource.

To read the full news release, please click HERE

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Impact Minerals  (ASX: IPT)

Have released a new corporate presentation focusing on their Lake Hope HPA project, located near Norseman and Kalgoorlie in Western Australia. 

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Impact Minerals release New Corporate Presentation for Their Lake Hope HPA Project in WA.

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Impact Minerals  (ASX: IPT) Have released a new corporate presentation focusing on their Lake Hope HPA project, located near Norseman and Kalgoorlie in Western Australia.

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To view the presentation, please click HERE

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Impact Minerals (ASX: IPT)

The company completed a heritage survey with the Ngadju Native Title group in compliance with the new Aboriginal Cultural Heritage Act.

The work area was fortunately assessed as having no Aboriginal artefacts or cultural heritage concerns. 

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Impact Minerals has hit a significant milestone in its journey to producing High Purity Alumina (HPA), securing heritage clearances across its entire Lake Hope deposit in WA.

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Impact Minerals (ASX:IPT) will conduct further consultation and surveys for any additional work areas required to develop the project and aims to develop the Lake Hope alumina project collaboratively and respectfully with all traditional owners and native title parties.

The company completed a heritage survey with the Ngadju Native Title group in compliance with the new Aboriginal Cultural Heritage Act.

The work area was fortuntely assessed as having no Aboriginal artefacts or cultural heritage concerns, which ground- disturbing activities would impact.

Under the new Aboriginal Cultural Heritage Act the survey provides evidence that pending lodgement of a mining lease and negotiating a mining agreement with the Ngadju Native Title holders, ground-disturbing activities carried out within the survey area, including the proposed shallow open pit, are exempt from additional Tier 2 or Tier 3 management plans.

The survey has now provided clearance for ground-disturbing activities over the entire Lake Hope deposit and nearby access tracks.

The clearance also significantly de-risks the project and is a critical component of the work required to lodge a mining lease application, planned for later this quarter.

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Impact Minerals; MD Dr Mike Jones said.

“Impact Minerals acknowledges and would like to thank the Ngadju Native Title Holders and elder’s past, present and emerging, for organising and participating in the survey, and we look forward to continuing to work effectively with them in the future.”

 

“This positive outcome represents another step forward on the pathway to the production of high purity alumina, which presents a compelling opportunity for Impact Minerals’ shareholders and the broader community of the Ngadju native title holders.

 

“The heritage clearance, together with our recently announced maiden indicated and inferred resource of 880,000 tonnes of contained alumina, has significantly de-risked the mining aspect of the project and will allow us to progress with our mining lease application later this quarter confidently”.

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Lake Hope is one of five exploration licences in WA owned by Playa One Pty, in which Impact has the right to earn an 80% interest.

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Impact Minerals..