Impact Minerals (ASX:IPT) is pleased to announce that it will acquire a 50% interest in Alluminous Pty Ltd (Alluminous), becoming its largest shareholder. Alluminous is a newly formed company that has successfully acquired 100% of HiPurA Pty Ltd (Administrators Appointed) (HiPurA). HiPurA owns the HiPurA® High Purity Alumina (HPA) processing technology which was previously developed and wholly owned by ChemX Materials Limited (Administrators Appointed) (ChemX). Both ChemX and HiPurA separately entered voluntary administration on 2 January 2025 (ASX Release 4 April 2025).
The acquisition provides a number of strategic and tactical benefits, including:
1. Potential to accelerate Impact’s entry into the HPA market by up to two years, providing a significant time and cost advantage compared to the current projected timeline.
2. HiPurA® is complementary to the Lake Hope Project, which remains central to Impact’s strategy. Financial modelling and report writing for the pre-feasibility study (PFS) are well advanced.
3. Immediate access to the HiPurA® HPA process, which has demonstrated >99.99% (4N) purity and is designed to be scalable.
4. Ownership of a fully equipped HPA laboratory and micro-plant eliminates the need for third-party testing, and enables faster customer qualification and process optimisation.
Congratulations to Dr Mike Jones, the board and the Impact Minerals team for this milestone. We look forward to more exciting developments ahead.
Read the full Impact Minerals Company Update here.
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