New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Investing

Key Milestone of 99.99% (4N) High Purity Alumina (HPA) Achieved at the Lake Hope Project, WA

by admin February 21, 2024
February 21, 2024
Key Milestone of 99.99% (4N) High Purity Alumina (HPA) Achieved at the Lake Hope Project, WA

High Purity Alumina (HPA) at greater than 99.99% (4N) purity has been produced from the metallurgical processing of lake clays from Impact Minerals Limited’s (ASX:IPT) Lake Hope Project, located 500 km east of Perth in Western Australia (Figure 1). Impact can earn an 80% interest in Playa One Pty Limited, which owns the Lake Hope project, by completing a Pre-Feasibility Study (PFS) on the project which is in progress (ASX Release March 21st 2023 and November 9th 2023).

Better than 99.99% (4N+) High Purity Alumina (Al2O3) produced from Lake Hope mud via the proprietary and patented Playa One Sulphate Process.The Sulphate Process underpins the recent Scoping Study, which demonstrated an NPV8 of A$1.3 billion for the project and an estimated operating cost to produce 4N HPA up to 50% lower than anyone else globally at less than US$4,000 per tonne.Production of larger quantities of HPA can now commence using the now-optimized Sulphate Process to demonstrate consistent quality to potential customers.Preliminary discussions with potential customers indicate very strong demand for 4N HPA.Other possible process routes to produce HPA from Lake Hope may be possible, with initial results due shortly.The Pre-Feasibility is on schedule to be completed in late 2024.

Impact Minerals Limited’s Managing Director, Dr Mike Jones, said, “The production of 4N HPA is a major milestone and exciting result for Impact and its shareholders as we have now shown that we can produce this high-value product, which commands prices of US$20,000 per tonne or more, from the mud in the top two metres of Lake Hope. It underpins the results of the Scoping Study, which showed an NPV8 of A$1.3 billion for the project and, at less than US$4,000 per tonne, possibly the lowest cost of production of HPA globally by a significant margin of up to 50%.

We have also optimized the Playa One Sulphate Process and have already started batch production of HPA to demonstrate consistent quality to our potential customers. We have discovered from our marketing that there is very strong demand for this high-value product, so we will continue progressing the Pre-Feasibility Study as quickly as possible. In addition, we recently uncovered two other possible process routes to produce HPA from these remarkable clays, which may offer yet further reductions in operating cost and capital expenditure if our initial test work is positive, and we are looking forward to getting those results soon,” Dr Jones said.

The 4N HPA was produced via a proprietary and patented metallurgical process called the ‘Sulphate Process’ which is owned by Playa One. The replication and optimization of this process for Lake Hope has been the key focus of Impact’s Pre-Feasibility Study to date, and therefore, these new results are a key milestone in the development of the project (ASX Releases March 21st 2023 and October 18th 2023).

The clays at Lake Hope occur in the top two metres of two small salt lakes on E63/2086 in a deposit containing about 880,000 tonnes of alumina (Al2O3) in various minerals. The deposit comprises Indicated (88%) and Inferred Resources (12%) of 3.5 million tonnes at an average grade of 25.1% alumina (see the Resource Estimate below and ASX Release 19th June 2023).

The lake clays contain a unique combination of naturally extremely fine-grained minerals, which delivers significant cost advantages to the mining and processing of the ore to produce HPA. The clays are free- digging and require no crushing, screening or other on-site preparation, and it is envisaged that the clay will be trucked offsite to a pre-permitted industrial site, most likely either in Kalgoorlie or Perth (Figure 1 and ASX Release March 21st 2023 and November 9th 2023).

The Playa One Sulphate Process is straightforward and comprises five stages based around very modest amounts of sulphuric acid (Figure 2): Stage 1 Wash circuit, Stage 2 Sulphuric acid leach and roast circuit, Stage 3 Intermediate alumina salt production, Stage 4 purification by conventional hydrochloric acid gas sparging and Stage 5 calcining to produce HPA. Results from the optimization of the first three Stages of the Process were reported to the ASX on October 18th 2023.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
7 Biggest Lithium-mining Companies
next post
Analyst Firm Cites Altech’s ‘Revolutionary’ Battery Tech as Basis for Valuation Upside

Related Posts

E-Power Samples 37% Cg in New Discovery Area...

October 8, 2024

Soil Sampling Program Commences at Parker Dome Lithium...

December 15, 2023

Board Appointment

May 15, 2024

Element79 Gold Corp Secures LOI For Launching Tailings...

September 26, 2024

Stardust Power Inc. Announces Pricing of $5.75 Million...

January 24, 2025

Total Voting Rights

November 4, 2024

BTR accelerates Second Fortune high-grade mine development

December 5, 2024

You’re invited to join Osisko Metals at PDAC...

March 1, 2025

Heritage Exercises First Option to Acquire a Majority...

January 20, 2025

1844 Announces Addition of Mr. Andre Gauthier to...

August 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • White House reveals highest-paid staffers–and 8 taking no salaries

      July 3, 2025
    • Trump $3.3T megabill sets House record for longest vote in history

      July 3, 2025
    • Iran nuclear program set back 2 years after US strikes: Pentagon

      July 3, 2025
    • Airlines secretly sold US travelers’ data to Homeland Security

      July 3, 2025
    • White House reveals highest-paid staffers – and 8 taking no salaries

      July 3, 2025
    • Jeffries stalls Trump’s ‘big, beautiful bill’ for hours after House GOP mutiny breakthrough

      July 3, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 3

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,397)
    • Investing (3,435)
    • Politics (4,507)
    • World (4,410)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved