Pieces of Lake Hope HPA jigsaw puzzle falling into place
ASX-listed Impact Minerals is making significant strides with the prefeasibility study (PFS) for the Lake Hope high-purity alumina (HPA) project, in Western Australia, and remains on track to finish the study by year-end.
Impact can take an 80% interest in Playa One, which owns Lake Hope, by completing a PFS.
The study follows on from a positive scoping study, which showed that for a benchmark production of 10 000 t/y of HPA, the project has an estimated post-tax net present value of about A$1.3-billion and would potentially be one of the lowest-cost producers of HPA globally by a significant margin.
“The Lake Hope PFS is like a large jigsaw puzzle where we know what the final picture looks like and are now starting to see many of the individual pieces falling into place at a great pace.
“We have been focused on the puzzle's edges with progress made at the proposed mine at Lake Hope itself, the process plant, which will be in Kwinana, and increasingly, product offtake and marketing.
“We are filling the puzzle with discussions with the Ngadju peoples, preparing a mining lease application and completing drilling to help define a maiden reserve,” comments Impact MD Mike Jones.
Testwork is progressing, and as part of that, Impact recently discovered a product that may have various industrial uses with further research being done.
Jones says recent developments with Alpha HPA, which has shown strong global demand for HPA and related products, clearly demonstrate that “if we build it, they will come”.
Alpha, which is considered a leader in the HPA industry, has received funding of $400-million of a total capital expenditure of $500-million, towards building this plant from the Australian government. The funding comprises low-interest loans and demonstrates the ongoing government support for critical minerals and downstream processing, in which Impact intends to participate.
The Lake Hope scoping study had an estimated capital cost of $250-million.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
