Impact Announces Lake Hope HPA PFS and MRE

Impact Minerals (ASX: IPT)
Announced the positive results of a Preliminary Feasibility Study (PFS) for the Company’s Lake Hope High Purity Alumina (HPA) Project, located 500 km southeast of Perth in the Tier 1 mining jurisdiction of Western Australia.
The PFS results align with those of the Scoping Study on the project released to the ASX on November 9th 2023.

 

 

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Impact Minerals

Lake Hope drilling – Credits Impact Minerals

 

 

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Impact Minerals ASX: IPT
Stage Exploration
Metals Gold, Silver, PGM’s, zinc, copper
Market cap A$23.3 m @ 0.006c
Location Queensland, NSW, Western Australia
Website www.impactminerals.com.au

 

 

 

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Impact Minerals Limited (ASX:IPT) is pleased to announce the positive results of a Preliminary Feasibility Study (PFS)for theCompany’s Lake Hope High Purity Alumina (HPA) Project, located 500 km southeast of Perth in the Tier 1miningjurisdiction of Western Australia.
The PFS results align with those of the Scoping Study on the project released to the ASX on November9th2023.
The PFS highlights the project’s exceptionally strong economics and outlines a pathway for Lake Hope to become a global supplier of low–cost, low–carbon HPA, benefiting both the local Ngadju AboriginalNative title holdersand the broader community.
The robust economics stem from the unique characteristics of the Lake Hope deposit, which facilitate cost–effective mining and processing.
The PFS confirms that, to the best of Impact’s knowledge based on published data, the Lake Hope project could be among the lowest–cost producers of HPA globally, potentially by a significant margin of at least 30%.
Given these strongfundamentals, Impactwill issue 120 million shares, escrowed for 12 months,to exercise its option to acquire an 80% interest in Playa OnePty Ltd, which owns the Lake Hope assets and intellectual property, including two patents for metallurgical processes (ASX Release March 21st 2023).
Work will now commence on a Definitive Feasibility Study (DFS), which willinclude the construction of a pilot plant to produce HPA samplesat scalefor discussions on offtake agreements.The pilot plantproject,currently underway, will be part–fundedby therecentfederalgovernmentgrant awarded to Impact Minerals in collaboration with CPC Engineering and Edith Cowan University (ASX Release October 22nd 2024).
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Lake Hope PFS Summary

Highlights

• Very strong economic metrics and low–cost production:NPV10 A$1.165billion (with no by–produrevenue)• CapexA$259 millionOpexUS$5,860 per tonne excluding by–product credit• Potential Opex of <US$4,500 withby–productcredit• Maiden Probable and Proved Ore Reserve of:1.7 Mt at 26% Al2O3for 450,000 tonnes of contained Al2O3.• Election to proceed to an80% interest in Playa One Pty Ltd providing Impact with 80%ownership in the Lake Hope resource and intellectual property.• Definitive Feasibility Study to commencewith construction of pilot plant andinvestigation into the integration of Lake Hope with the HiPurA process.
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Impact Minerals’ Managing Director, Dr Mike Jones, said, “
“The Lake Hope PFS clearly demonstrates that Impact Minerals is now on the cusp of delivering a significant, low–cost and highly scalable HPA project.”
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Impact Minerals’ Lake Hope HPA Project on Schedule

Impact Minerals (ASX: IPT)

Released an update for their Lake Hope High Purity Alumina (HPA) project.

Intermediate aluminium salts have been produced from Stage 3 that require further purification in Stages 4 and 5 to make HPA, with results expected by late this Quarter or early Q1 2024. 

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Impact Minerals ASX: IPT
Stage Exploration
Metals Gold, Silver, PGM’s, zinc, copper
Market cap A$39 m @ 0.014 c
Location Queensland, NSW, Western Australia

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Lake Hope HPA Project, WA: PFS and Metallurgical Test Work Update

• The Preliminary Feasibility Study is progressing on schedule, with significant progress made on the metallurgical test work to verify the proprietary and patented Playa One process that converts raw lake clay from Lake Hope into High Purity Alumina (HPA).• Three of the Five Stages of the Playa One sulphate process have been completed with results that either confirm or improve upon previous results.• Intermediate aluminium salts have been produced from Stage 3 that require further purification in Stages 4 and 5 to make HPA, with results expected by late this Quarter or early Q1 2024.
• Other PFS progress includes:– Environmental baseline studies are to commence in early November.– Statutory approvals (PoW) have been received for a geotechnical drill program, shallow water bores and a bulk sample program, which will all commence this Quarter.– A meeting with the Western Australian Department of Mines, Industry and Safety Regulations is set for late October to discuss the lodgment of a Mining Lease application.– Ongoing discussions with industry analysts, marketing representatives and end users have commenced to secure agreements for product testing.• An independent review of the Lake Hope Scoping Study is nearly complete.
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Impact Minerals’ Managing Director, Dr Mike Jones, said,

“We continue progressing rapidly across the entire Pre–Feasibility Study on Lake Hope, particularly with the metallurgical test work.
“The test work has shown the Playa One Sulphate Process is straightforward and very effective in leaching the unique clays at Lake Hope.
“We are delighted with the results that have replicated or improved Playa One’s previous work. We have zeroed in on the ideal process conditions to make HPA in quantity and are very focused on making improvements that will reduce processing costs.
“We aim to produce 99.99% or 4N HPA by early next year.
“Our work continues to highlight the competitive advantages of the unique mineral deposit at Lake Hope and its potential to become one of the lowest–cost producers of HPA globally.
“We look forward to releasing our Scoping Study shortly, following an independent review, which will give a first look at the economics of this exceptional project”.

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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

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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 no shares in Impact Minerals.

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Impact Minerals MRE for Lake Hope, WA

Impact Minerals (ASX: IPT)

Announced a significant, substantialand high–grade maiden Mineral Resource Estimate for its flagship Lake Hope High Purity Alumina (HPA) Project located about 500 km east of Perth in Western Australia.  

 

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Impact Minerals ASX: IPT
Stage Exploration
Metals Gold, Silver, PGM’s, zinc, copper
Market cap A$39 m @ 0.014 c
Location Queensland, NSW, Western Australia

 

 

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Impact Minerals Limited (ASX:IPT) is pleased to announce a significant, substantialand high–grade maiden Mineral Resource Estimate (MRE) for its flagship Lake Hope High Purity Alumina (HPA) Project located about 500 km east of Perth in Western Australia.

Impact has the right to earn an 80% interest in Playa One Pty Ltd, owner of the Lake Hope Project,via an incorporated joint venture (ASX Release 21st March 2023).

 

Highlights

  • Impact Minerals  delivered a maiden MRE for its flagship Lake Hope HPA project in Western Australia
  • The MRE reads 3.5 million tonnes at 25 per cent alumina for a contained 880,000 tonnes of alumina
  • Around 775,000 tonnes, or 88 per cent of alumina, is in the higher confidence indicated resource category
  • Impact Minerals’ MRE gives it the assurance that Lake Hope will deliver high-margin, high-end products into a fast-growing global market.

 

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IPT Managing Director Dr Mike Jones stated;

“The maiden MRE underpins the company’s quest to become one of the world’s lowest-cost producers of high-purity alumina.

 

“This unique resource could provide multi-decade delivery of a mineral product recently added to Australia’s critical mineral list.”

 

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Impact reported that 88% of the resource, around 775,000 tonnes of alumina, is in the higher confidence indicated resource category.

The company hopes to bring Lake Hope into production, delivering high-margin end products into a fast-growing global market, with current prices for benchmark 4N HPA at about US$20,000 per tonne.

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To read the full news release, please click HERE

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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

=======

.

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

.

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To read our full terms and conditions, please click HERE



Impact Minerals HPA Story Interview

Impact Minerals (ASX: IPT)

Impact Minerals’ MD Dr. Mike Jones, has given a new interview highlighting the prospects for their new, low cost , High Purity Aluminium (HPA) project, Lake Hope.

This has the potential to transform Impact, and be a company maker in it’s own right.

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Impact Minerals ASX: IPT
Stage Exploration
Metals Gold, Silver, PGM’s, zinc, copper, HPA
Market cap A$29 m @ 0.011 c
Location Queensland, NSW, Western Australia

 

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Impact Minerals HPA Story Interview

 

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Impact Minerals (ASX: IPT)

Impact Minerals’ MD Dr. Mike Jones, has given a new interview highlighting the prospects for their new, low cost , High Purity Aluminium (HPA) project, Lake Hope.

This has the potential to transform Impact, and be a company maker in it’s own right.

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The interview with Dr. Mike Jones can be accessed HERE

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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

=======

.

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

.

To read our full terms and conditions, please click HERE