Alpha HPA provides update on Alpha Sapphire project activities

Alpha HPA Limited (ASX: $A4N) has provided an update on the progress of Alpha Sapphire, its wholly owned subsidiary, which aims to commercialize synthetic sapphire growth capability in Australia. The company has completed the installation of support infrastructure and utilities for the first two synthetic sapphire growth units (Phase A) at its HPA facility in Gladstone, QLD. Additionally, the assembly of the first sapphire units has commenced, and sapphire growth in Austria from Alpha feedstock has confirmed 5N purity.

Executive commentary on Alpha Sapphire project progress

Alpha's Managing Director, Rimas Kairaitis, expressed satisfaction with the progress of the Alpha Sapphire business, emphasizing the significance of manufacturing the first synthetic sapphire in Australia. He highlighted the company's focus on seizing the opportunity to meet the expected demand from the adoption of mini-LED and micro-LED displays. Kairaitis also stressed the importance of supplying sapphire sourced from a secure jurisdiction, grown with renewable power, and fed with the company's low-carbon HPA feedstock.

Summary of Alpha Sapphire update and outlook

Alpha HPA has made significant strides in advancing the Alpha Sapphire project, with the completion of Phase A sapphire growth utilities installation and the commencement of sapphire unit assembly. The confirmation of 5N purity in sapphire growth in Austria further underscores the positive developments. The company's shortlisting of potential properties for Phases B and C expansion, along with ongoing discussions with power distribution networks and renewable power providers, reflects its commitment to scaling rapidly into sapphire growth. With secured project funding and a detailed assessment of the business opportunity, Alpha is well-positioned to capitalize on the robust financial prospects presented by synthetic sapphire growth. The company's ambitions to establish sovereign, high value downstream sapphire capacity and meet the demand from high technology markets bode well for its future outlook.