IPT announces world-leading low-carbon credentials for alumina at Lake Hope Project, WA

Project Name: Lake Hope Project
Project Location: WA, Australia
Project Stage: Preparing PFS

ProjectBank Summary:
Impact Minerals Limited (ASX: IPT) has released preliminary results from a study into the potential carbon dioxide (CO2) emissions for its Lake Hope High Purity Alumina (HPA) project in Western Australia. The study indicates that the Scope 1 and Scope 2 CO2 emissions from the project are expected to be significantly lower than incumbent HPA production processes and on par or lower than emerging processes, particularly under a 100% renewable energy development scenario. The Pre-Feasibility Study (PFS) continues on schedule and is expected to be completed in Q4 this year. A strategy to achieve zero carbon HPA has been outlined, including the use of renewable energy and the potential deployment of low-carbon fuels or hydrogen-powered vehicles for mining and transport.

Impact Minerals Highlights:

• Scope 1 and Scope 2 CO2 emissions per tonne of HPA produced from the Lake Hope project to be on par with or lower than competing processes globally.

• The low emissions are similar for both metallurgical process routes (the Sulphate and LTL Processes) being considered for Lake Hope as part of the ongoing Pre-Feasibility Study.

• A strategy to achieve zero carbon HPA has been defined including a 100% renewable energy development scenario.

• The Pre-Feasibility Study continues on schedule to be completed in Q4 this year.

MD/CEO Statement:
Dr. Michael G Jones, Managing Director, commented: "The preliminary study highlights the significant potential for low-carbon HPA production at Lake Hope, setting a benchmark for sustainability in the industry. Our commitment to achieving zero carbon HPA through renewable energy and innovative technologies demonstrates our dedication to environmental responsibility and aligns with global decarbonization goals."