Have you heard of High Purity Alumina(HPA)? From powering LED lighting to driving EV innovation and producing sapphire glass for your smartphones, high-purity alumina is essential for tomorrow's technologies.

Dr Mike Jones, Managing Director of Impact Minerals Limited (ASX: IPT), took the mic to talk about the immense potential for HPA and their Lake Hope project with James Whelan.

As Impact Minerals strives for environmental stewardship and high HPA output quality, join us for an in-depth conversation into their ambitions to establish a prominent presence in this specialised sector.

Impact Minerals is focused on the Lake Hope HPA Project in Western Australia, where they are pioneering cost-efficient mining methods to revolutionise HPA production. Strategically located in Kwinana, the project minimises environmental impact by design, with a small footprint and no on-site beneficiation, while maximising output quality.

With proximity to key providers of chemical reagents and markets for valuable by-products like fertilisers and acids, the project also ensures strategic advantages and cost savings on both capex and opex.

Add IPT to your watchlist today or contact us for more exciting investment opportunities in Impact Minerals.

Read the Conversation:

Hello, my name is James Whelan, Managing Director of Barclay Pierce Capital's Wealth
Management Team. For this Investor Showcase presenting Impact Minerals, stock code
APT listed on the ASX. I am joined by Dr. Mike Jones, CEO of Impact Minerals, who's going
to run us through.

First off, thanks very much for joining us, Mike. What brings you out to Sydney on this
sunny day? That's great. Yeah, beautiful day in Sydney today and great to be here.
So I did a big presentation yesterday, about 100 investors in the room, so quite a lot of
interest in what we're doing. And we're on the roadshow today, four or five meetings, so
we'll see what comes of that. It's a long haul.

I do like spending time with you, so it's not too bad at all. So it's often good when you
have someone that you don't mind hanging around with. Now, let's just take a step back.
Impact Minerals, what do you do and what's the importance of highly purified alumina?
HPA, there you go, High Purity Alumina. That's all right, we're all good. So Impact
Minerals is developing its HPA project, which is called the Lake Hope project.

It's located about 500 kilometres east of Perth, and it is a unique deposit globally. It
contains clays in the top two metres of a lake that contain incredible value of this high
purity alumina. And we're looking to develop that project and get it into production over
the next 18 months to two years.

So it's a fantastic project and a great stage of development. And HPA is a critical mineral
as well on the list, used in LEDs mostly and batteries. That's correct. It's on the critical minerals list for Australia, Europe and the US. And it's not widely known, but a crucial part of the energy transition that we're going through. And as you mentioned, LEDs and batteries are the two main markets.

Okay. So that's, we've already, anyone who knows the company knows the story. That's
great. Now, specifically an announcement came out just recently, talking about the prefeasibility study. Do you want to just go into some of the details with that? Yeah, I've always wanted to build a mine and you've got to be careful what you wish for, because it's actually like a large jigsaw puzzle trying to put together all the pieces. And there's more, there's four main pieces that we're looking at.

So one is what's happening on the mine and how we're going to develop that. Second
one is actually the processing plant, where are we going to take the material to and how
are we going to process it? Parallel to that is test work, where we're trying to optimise
the process that we're going to build the plant around. And fourthly, and probably most
importantly in the long run is developing relationships with potential off-take partners.
So yesterday's announcement was really just putting all those big pieces together and
telling everyone where we're at with that. It's a lot of balls in the air and they're going to
come down between now and the end of the year. And you're on track to the end of the
year.

So the pre-feasibility study, when should that be completed by? Yeah, we're going to be
done towards the end of the year as we've said it all the way along and everything is
going according to plan so far, which is great. And the critical thing about finishing the
PFS and assuming that it's going to be positive is that we will at that point earn an 80%
interest in the project. It is a joint venture and we have the option to get to that 80% not
just of the project but also all of the intellectual property that goes with it by completing
that PFS.

Yep. And so relations with the, I've never been able to get it right, the Ngadju? The Ngadju
people, yes. Yep.

That's going well? It is indeed. They are the traditional owners of the country on which
the mine will be built and they're generally very positive in terms of encouraging
industry to come into the area and they have quite a set procedure involved in being
able to negotiate what is going to be a land access agreement, which is really all about
us being permitted and doing an agreement with them to mine on their land. And then
also cultural heritage management plan, which will come with the long-term
custodianship of the ground and the environmental rehabilitation, et cetera.

And it's all the discussion have been very positive. We have a negotiation protocol in
place or coming in place at the moment. And I think post the PFS, we'll enter serious
negotiations with them to get through towards helping the mining lease get granted.
Yep. So the PFS will tell you exactly what it is that you've got that needs to happen. Yep.
And then you'll be able to have better conversations. That's exactly. Yeah.

Which shouldn't be too bad. We've just gone through the process and yeah, it's, there
are good people, which is, and it's actually the environmental damage at Lake Hope is
actually quite minimal. It's just, it is quite often.

It's basically a small quarry and we're going to leave a hole that's only one to two metres
deep over a relatively small proportion of the lake. And there's no onsite beneficiation
requires. There's no crushing, grinding, there's no infrastructure, permanent
infrastructure.

It'll be temporary accommodation, probably mine for eight months of the year in year
one, stockpile three years of material and then send the miners home and then just
truck it offsite for three years. Now let's talk about offsite and where it's going to be
processed. You've chosen Kwinana.

I have. I've been to Kwinana. You have.

Yeah. It's a beautiful part of the world. Kwinana is a very popular place and it's obviously
the key industrial area of Perth.

And we have found during the PFS, some remarkable synergies of being in Kwinana, as
opposed to say Kalgoorlie or Esperance, which were other options for us to truck the
material to. Yep. The biggest one is actually access to the reagents that we need, and
just as importantly, places to get the byproducts to.

And remarkably, we've found people who can deliver the reagents that we need right to
the door, to the gate. And we've got willing buyers lined up to take our byproducts,
fertiliser and acid products. I want to talk about the byproducts if we can.

So the fertiliser has come up here now. In recent memory, we had a fertiliser shortage
due to the gas problem and Europe. So fertiliser is a hot commodity, obviously used in a
global food shortage, which we've had recently as well.

Is this a big deal, the fertiliser thing? I don't know. He says, he says. That's right.
It's an important credit to the overall low operating costs that we've got. But the material
that we produce is of high quality and we think it'll demand a premium. We're not going
to be in the fertiliser business.

We'll look for an offtake for someone to distribute that and do what they wish with it. So
we are looking at some of the other lakes in the region because the minerals that we
have are very pure for the alumina within our lake. The mineral does occur in other lakes
in the area, but there's other rubbish in there as well.

But it actually makes them quite suitable for fertiliser. So we are looking at that as a
possible second stream. Well, I think that that's covered everything that I've got from the
announcement just recently.

Is there anything else you want to touch on? Look, we are obviously talking to
customers. We do get a lot of questions about how that is going. What I will say is that
Alpha HPA, code A4N, have been incredibly successful in this space.

Billion dollar market cap and we're hoping to walk in their footsteps to that lofty level.
They've recently announced funding to get to a benchmark 10,000 tonnes per annum
production, which is what we're aiming for as well. They've received considerable
Australian federal government support for that because it is a critical mineral and they're
looking downstream processing.

But they've clearly indicated demand exists there for probably 30,000 tonnes per annum
of HPA. So I'm fairly confident that as we build this project, the customers will come. So
it's a great stage to be at. And still on track to be low-cost. Indeed. We'll get into that at a different time, which is great.

Thank you for joining us, Mike Jones of Impact Minerals for this Investor Showcase
presenting that. Impact Minerals, IPT stock code on the ASX, on track to be the lowest
cost producer of HPA in the world. Thank you very much.

My name is James Whelan, Managing Director of Barclay Pierce Capital's Wealth
Management Team. Thanks for joining us.