Key facts about Impact Minerals Limited and Lake Hope HPA project

Impact Minerals Limited (ASX: $IPT) has recently completed a significant bulk sampling and test pits program at its flagship Lake Hope High Purity Alumina (HPA) project in Western Australia. The program is a crucial part of the Pre-Feasibility Study on Lake Hope, following a positive Scoping Study indicating the potential for the project to be the lowest-cost producer of HPA globally. Impact has the right to earn an 80% interest in the Lake Hope project by completing the Pre-feasibility Study.

Executive commentary on Lake Hope project and future plans

This bulk sampling program marks another significant milestone in our journey towards the production of High Purity Alumina (HPA) from Lake Hope. In the past nine months, we have achieved several key milestones, including completing a maiden resource statement, obtaining heritage clearance, and completing most of the first phase of metallurgical test work. The results of the Scoping Study were outstanding, demonstrating the potential of Lake Hope to produce HPA at a significantly lower cost than any other supplier globally. Our focus for 2024 will be to complete the Pre-feasibility Study, set up the mini-pilot plant, and produce HPA in bulk for potential customers and off-take partners. We have already started reaching out to key groups in the battery and LED market, and the demand is there. We look forward to a watershed year for Lake Hope, Impact, and its shareholders.

Summary of the bulk sampling program and future outlook

Impact Minerals Limited has successfully completed a bulk sampling and test pits program at the Lake Hope High Purity Alumina (HPA) project, marking a significant milestone in their journey towards HPA production. The company aims to complete the Pre-feasibility Study, set up a mini-pilot plant, and produce HPA in bulk for potential customers and off-take partners in 2024. With the potential to become the lowest-cost producer of HPA globally, Impact Minerals is optimistic about the future of the Lake Hope project and looks forward to a promising year ahead.