IPT lodges mining lease for Lake Hope HPA Project, WA
Project Name: Lake Hope HPA Project
Project Location: Western Australia (WA)
Project Stage: Preparing PFS
ProjectBank Summary:
Impact Minerals Limited (ASX: IPT) has lodged a Mining Lease Application (MLA 63/684) and associated Miscellaneous Licence (L63/99) for the Lake Hope High Purity Alumina (HPA) Project, located 500 km east of Perth, Western Australia. The application covers the West Lake resource and is a crucial step towards advancing the project to production. The Mining Lease defines the work required to obtain the necessary statutory approvals. Additionally, the Pre-Feasibility Study (PFS) on Lake Hope is in progress, with significant efforts being made in mining studies, logistics, and negotiations for Land Access and Cultural Heritage agreements with the Ngadju peoples. The PFS, which followed a positive Scoping Study, is aimed at positioning Lake Hope as one of the lowest-cost HPA producers globally.
Impact Minerals Highlights:
Mining Lease Application (MLA 63/684) lodged over the West Lake resource.
Miscellaneous Licence (L63/99) lodged for mine infrastructure and haulage road.
PFS in progress, with a focus on mining studies, logistics, and statutory approvals.
Engagement with Ngadju Aboriginal people for Land Access and Cultural Heritage agreements.
MD/CEO Statement:
Dr. Michael G Jones, Managing Director, commented: "We are very pleased to have lodged Impact’s first-ever mining lease, a major step in our goal to bring the Lake Hope High Purity Alumina project into production. The application covers West Lake and sufficient material for at least the first 15 years of our proposed production. It also offers a more direct haulage route to the Norseman-Hyden road than existing tracks, potentially saving millions of dollars in road construction costs. We will progress on these critical paths in the next Quarter as we continue to make strides towards completing the PFS by the end of the year."
