Alpha HPA (ASX: $A4N) Project Update

Alpha HPA Limited (ASX: $A4N) is pleased to provide an update on project activities for both the HPA First Project and Alpha Sapphire. The company has accelerated project execution activities for the HPA First Project Stage 2, with the establishment of Integrated Owners Team (IOT) systems, recruitment of additional key roles, and embedding of the Design & Construct (D&C) contractor into the IOT. The site establishment is on track for early September quarter, and the HazOp Study has been completed. Additionally, the company has recorded a material increase in product test order volumes and sales orders post Final Investment Decision (FID) of Stage 2.

Executive Commentary

Alpha's Managing Director, Rimas Kairaitis, expressed his satisfaction with the acceleration in end-user engagement, qualification orders, and product sales orders as the company builds momentum with the Stage 2 Project execution.

Summary

Alpha HPA Limited (ASX: $A4N) has made significant progress in the execution of the HPA First Project Stage 2, with the establishment of the Integrated Owners Team (IOT) and recruitment of key roles. The company has also seen a notable increase in product test order volumes and sales orders post FID of Stage 2. The successful completion of the HazOp Study and the acceleration in end-user engagement indicate a positive trajectory for Alpha HPA. The company's focus on commercial scale deployment and the maturation of technical product qualification reflect its commitment to driving growth and meeting the demands of high technology markets. With the ongoing optimization of product throughput and successful sapphire growth, Alpha HPA is poised for continued advancement in its project activities and product sales.