Impact Minerals Reports Lake Hope HPA Project Measured Resource

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has reported a substantial and high-grade initial Measured Resource Estimate for the company’s Lake Hope High Purity Alumina (HPA) project, located east of Perth in Western Australia.

Impact Minerals reported a Measured Resource of 730,000 tonnes at 25.8 per cent alumina (Al2O3) for a contained 189,000 tonnes of alumina at the Lake Hope HPA project.

The company anticipates the Measured Resource to support the first 15 years or more of proposed HPA production from Lake Hope.

It is expected to underpin a Probable or Proven Reserve, subject to ongoing mining studies, test work, and economic studies to be completed as part of a Pre-Feasibility Study on Lake Hope.

Impact aims to bring Lake Hope into production to deliver low-cost, high-margin end products to a rapidly expanding global market.

Current prices for benchmark 4N HPA (99.99% Al2O3) and related products are more than US$20,000 per tonne.

Impact expects the Pre-Feasibility Study will be completed in Q1 2025 after the final reports from various contractors and consultants are received, which are expected in December and January.

“The new Mineral Resource Estimate will be incorporated, as per the JORC 2012 Code, into the Pre Feasibility Study for Lake Hope, which is nearing completion,” Impact Minerals said in its ASX announcement.

“Final reports from the engineering and design studies, mining schedules, and mining cost estimates, as well as from other contractors and consultants, are awaited.

“Some of these are expected in mid-December, and accordingly, the PFS is expected to be completed in Q1 2025.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE