Following a current $2.87 million federal funding award, Australian mineral exploration and improvement agency Impression Minerals (ASX:IPT) is ramping up efforts to develop a sustainable high-purity alumina (HPA) product over the following three years.
In an interview with Investing Information Community, Impression Minerals Managing Director Mike Jones outlined the corporate’s plans for mining and processing HPA at its Lake Hope mission in Western Australia.
“The grant is about 45 p.c of a bigger mission sustainable improvement of HPA, from the beginning of the mining by way of the processing after which by way of to creating the end-user merchandise,” he mentioned.
HPA is a essential mineral that’s essential within the power transition. It’s utilized in LEDs and as coating for batteries, amongst different issues.
Impression Minerals’ Lake Hope asset has geology and traits that enable for low-cost, low-impact mineral extraction, in response to Jones.
“It’s fairly a novel mission by which we’re going to dig up the highest 2 meters of the lake clay. They include some very distinctive minerals and we’ll convert that into HPA,” he mentioned.
As Impression Minerals advances its Lake Hope mission, the corporate can be working to safe offtake agreements. By emphasising the significance of getting a pilot plant, Jones clarified that securing proof of viability and product high quality is crucial earlier than approaching potential shoppers.
“We have got some very sturdy suggestions, however actually prospects will not take you severely till you have acquired a pilot plant,” he famous. This strategic foresight, coupled with a focused advertising and marketing plan, positions Impression Minerals to leverage its technological and operational developments successfully.
The approaching months are pivotal, with Jones forecasting a busy schedule. “The massive factor we’re engaged on in the intervening time is finishing the prefeasibility examine … that is a essential choice level for us.”
Watch the complete interview with Impression Minerals Managing Director Mike Jones above.
Disclaimer: This interview is sponsored by Impression Minerals (ASX:IPT). This interview offers info which was sourced by the Investing Information Community (INN) and accredited by Impression Minerals so as to assist traders be taught extra in regards to the firm. Impression Minerals is a consumer of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.
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