News | Materials
Striving to Become The World's Cheapest High Purity Alumina Producer
Impact Minerals says its Lake Hope Project could be the cheapest producer of HPA globally.
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HIGHLIGHTS
- High purity alumina has 99.99% alumina purity that’s a key material for EV batteries, LED lighting and semiconductors
- Impact Minerals has the right to earn an 80% interest in the Lake Hope HPA Project located 500 km east of Perth
- A positive scoping study says the project has the potential to be the lowest-cost producer of HPA by up to 50%
- The Project is estimated to produce 4N HPA at US$3,264 a tonne vs. peers like Alpha HPA which forecasted costs of US$5,940 a tonne back in March 2020
- The project has a post-tax NPV of $1.3 billion for a production profile of 10,000 tonnes of 4N HPA per annum at an initial capex of $253 million
