Impact Minerals (ASX: IPT) is pleased to share the December 2024 quarterly report covering progress of the Lake Hope High Purity Alumina(HPA) Project, Arkun-Beau project & Commonwealth Project.
Announcement Highlights
- Significant progress made on the Pre-Feasibility Study of The Lake Hope High Purity Alumina(HPA) Project:
- The Mine at Lake Hope: A maiden Measured Resource of 730,000 tonnes at 25.8% alumina(Al₂O₃) defined, underpinning an initial 15-year mine life which is part of a much larger resources that includes Indicated and Inferred Resources; Funding secured to accelerate development of the pilot plant through a Federal Government grant of $2.87 million in collaboration with CPC Engineering and Edith Cowan University.
- The Process Plan: CPC Engineering continues engineering studies for the 10,000 tpa HPA plant, incorporating design improvements for acid regeneration. - Arkun-Beau, WA (IPT 100%):
- 311 new soil samples were collected which included infill sampling at the Caligula target and over new mobile MT anomalies.
- Drill targeting and planning for Q2 2025. - Commonwealth Project (IPT 100%)
- Burrendong Minerals Limited has released its prospectus for an IPO, offering 25 million shares at $0.20 per share, with a one-for-two free attaching option exercisable at $0.25 within 36 months.
- Impact shareholders have a priority entitlement of $2 million in the IPO.
Read the full Impact Minerals Company Update here.
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