Impact Minerals progressing $1.3b high-purity alumina project

Impact Minerals (ASX: IPT) has confirmed the WA Lake Hope high purity alumina (HPA) pre-feasibility study (PFS) is on schedule for completion by the end of 2024.

In a recent update to its PFS, Impact Minerals identified significant progress on the mine, the process plant and product development, offtake and marketing.

The project has an estimated post-tax net present value of about $1.3b with a benchmark production of 10,000tpa of HPA which would make it one of the lowest-cost producers globally by a significant margin.

Impact Minerals managing director says Kwinana, WA, has been selected for the location of the process plant.

“We have selected Kwinana as the site for the processing plant and our proprietary Low-Temperature Leach as the best method to scale up HPA production to the planned 10,000tpa because of substantial strategic advantages,” he said.

“These include ready providers for all the reagents we need, ready buyers for our by-products and a site possibly suitable for the plant. As a result, we recently commissioned CPC Engineering to provide design engineering and capital and operating costs for the LTL process plant on that site.”