IMPACT MINERALS’ (IPT.ASX) Lake Hope Pre-Feasibility Study (PFS) is now in its final phase -> commercialisation next
Proceeds from the recent capital raise (entitlement offer) will place IMPACT MINERALS LIMITED (IPT) in a good position to progress toward commercialisation, as Chairman Peter Unsworth recently commented: “This equity raising marks a pivotal moment for the Company and its shareholders. The Lake Hope Pre-Feasibility Study (PFS) is now in its final phase, following the successful completion of crucial test work that, whilst delayed, has ultimately delivered the results we needed. With these positive results in hand, we are now in a position to complete the PFS and take the next steps towards commercialisation.”
The company’s largest shareholder and long-term supporter, who holds 17% of the company, will subscribe for their entire entitlement as part of the offer.
In addition, Mahe Capital Pty Ltd, the Lead Manager and Underwriter to the issue has agreed to increase their underwriting from $1 million to $2 million. Also, the Directors have indicated an intention to participate in the Entitlement offer.
Other factual information provided by the company has been summarised below:
- Impact Minerals is economically positioned to take advantage of the potential significant growth in the global high-purity alumina (HPA) market over the next 5 years. Grand View Research notes in 2024, the global HPA market was valued at approximately USD 4.63 billion and is projected to grow at a compound annual growth rate (CAGR) of 23.0% from 2025 to 2030, reaching an estimated USD 15.81 billion by 2030. This robust growth is primarily attributed to the expanding use of HPA in electric vehicle (EV) batteries and electronics manufacturing.
- Following a successful scoping study published in November 2023 showing very strong economics, the current pre-feasibility study will look to demonstrate the continued world class nature of the Lake Hope project, in addition, the company is anticipating excitement from drill programmes and other exploration at Impact’s Arkun and Broken Hill projects, where the company just announced an increase in their ground holdings.
- Managing Director – Dr Mike Jones, has an established track record understanding and commercialising commodities, his Ph.D work on gold mineralisation saw him move to Western Australia in 1988 to work for Western Mining Corporation exploring for gold and nickel deposits in the Yilgarn. From 1994 he consulted to the exploration and mining industry specialising in the integration of geological field mapping and the interpretation of geochemical, geophysical and remotely sensed data for target generation. Dr Jones has worked on over 80 projects both in greenfields and near mine exploration in a wide variety of mineralised terrains and was the founding director of Lithofire Consulting Geologists in Perth, Australia. He was also the team leader during the discovery of a significant gold deposit at the Higginsville Mining Centre, near Kalgoorlie and an iron ore deposit near Newman, both in Western Australia.
- The company boasts an experienced Board and Management Team, with extensive hands-on operational experience in financing, minerals exploration, mining and commercial project development in Australia and around the world.
About the company
IMPACT MINERALS LIMITED (IPT) is an ASX-listed, exploration company listed on the ASX since 2006, boasts an extensive portfolio of tenement holdings spanning over 5,500 square meters, aiming to unlock Australia's mineral-rich potential.
Lake Hope - High Purity Alumina (HPA) Project (WA/80% owned) - HPA development project acquired to produce 99.99% 4n HPA, a technology sector material and on Australia’s critical mineral list, furthermore 4N HPA commands prices of US$15,000 to US$25,000 per tonne. HPA is a technology sector material used in LED’s, lithium battery separators, catalysts, and synthetic semiconductors. The centrepiece of their endeavours is the Lake Hope High Purity Alumina (HPA) Project in Western Australia, set to revolutionise HPA production with cost-efficient mining. This positions Impact Minerals to meet the surging demand for HPA, establishing a prominent presence in this specialised sector.
Arkun - Battery Metals Project (WA/100% owned) covers about 850 square kilometres centred between York and Corrigin 100 square kilometres east of Perth, was first identified as an area of anomalous nickel-copper-gold anomalies in publicly available regional geochemistry data sets
Broken Hill - Nickel-Copper-PGM Project (NSW/100% owned) located 20 kilometres east of the World Class Broken Hill silver-lead-zinc mine in New South Wales, and consists of 100% owned seven Exploration Licences covering 816 square kilometres in the south east part of the richly mineralised Curnamona Province. The project area contains several tens of strike kilometres of mafic-ultramafic sills, dykes and stocks that contain gossans and fresh outcrops with very high-grade PGE’s, nickel, copper, gold and silver mineralisation.
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