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 commenced site establishment for the Stage 2 project, with earthworks and civil contractors mobilizing equipment and support infrastructure. The construction management team is fully established in Gladstone, and long lead critical path packages have been awarded for the project.

Executive commentary on project activities

Alpha's Managing Director, Rimas Kairaitis, expressed his delight at the commencement of site establishment activities ahead of Stage 2 earthworks as a major project milestone. He highlighted the increasing momentum in end-user engagement across all sectors, particularly in the semiconductor industry. The company is observing a significant increase in end-user engagement within the semiconductor industry, with recent marketing visits and orders for thermal interface materials. Additionally, Alpha's ability to create novel, high purity alumina tri-hydroxides continues to be of particular interest to end-users for Direct Lithium Extraction catalysts. The safety benefits of the UltraCoat process have been confirmed through flame testing, and Alpha is engaged with anode developers, battery makers, and cell casing manufacturers to qualify the UltraCoat process.

Summary of project update and outlook

Alpha HPA Limited (ASX: $A4N) has made significant progress with the commencement of site establishment for the Stage 2 project and the ongoing success in engaging end-users across various sectors, particularly in the semiconductor industry. The company's HPA production has exceeded design capacity, and the Stage 1 operations remain focused on servicing customer qualification test orders and sales orders for semiconductor, DLE, and sapphire glass production. Alpha has also maintained successful growth cycles of high-quality synthetic sapphire boules and continues to engage with potential customers. The confirmation of safety benefits for the UltraCoat process and the ongoing expansion of commercial scale aluminium nitrate production position Alpha for continued growth and success in the high technology markets. With the company's disruptive, low-carbon process technology, Alpha is well-positioned to meet the increasing demand for high purity aluminium materials in key industries.