IPT provides update on Pre-Feasibility Study at Lake Hope Project, WA
Project Name: Lake Hope Project
Project Location: WA
Project Stage: Preparing PFS
ProjectBank Summary:
Impact Minerals Limited (ASX: IPT) provides an update on the Pre-Feasibility Study (PFS) for the Lake Hope High Purity Alumina (HPA) project, which remains on track for completion by Q4 2024. Significant progress has been made on key areas: the mine, the process plant, and product development, marketing, and offtake. The mine site negotiations with the Ngadju peoples are underway, and applications for a Mining Lease and associated Miscellaneous Lease will be lodged shortly. The process plant will be located in Kwinana, chosen for its strategic advantages, including proximity to required chemical reagents and buyers of by-products. Additionally, significant test work on HPA and fertiliser by-products is progressing, with a pilot plant to provide bulk samples to customers under consideration.
Impact Minerals Highlights:
Mine progress: Negotiations with Ngadju peoples for Land Access and Cultural Heritage agreements; Mining Lease and Miscellaneous Lease applications forthcoming; Infill drilling completed to define a maiden Measured Resource and Proven Reserve.
Process plant: Kwinana selected for its strategic advantages; Low-Temperature Leach process chosen; CPC Engineering conducting design and engineering studies.
Product development: Ongoing test work on HPA and fertiliser by-products; Experimental hydrated alumina product showing potential in catalyst and flame retardant industries; Discussions with potential synergies in Europe and the USA.
MD/CEO Statement:
Dr. Mike Jones, Managing Director, commented: "The Lake Hope Pre-Feasibility Study is progressing well, with key milestones being met across the board. We are focused on ensuring the project advances smoothly and remains on schedule for completion by the end of 2024. Our recent discoveries and strategic decisions, such as selecting Kwinana for the process plant, underline the project's strong potential. We are excited about the progress and look forward to providing further updates as we move closer to production."
