Influence Minerals Restricted (ASX:IPT) is happy to announce the optimistic outcomes of a Preliminary Feasibility Examine (PFS) for the Firm’s Lake Hope Excessive Purity Alumina (HPA) Mission, positioned 500 km southeast of Perth within the Tier 1 mining jurisdiction of Western Australia. The PFS outcomes align with these of the Scoping Examine on the mission launched to the ASX on November ninth 2023.
- Very sturdy financial metrics and low-cost manufacturing: NPV10 A$1.165 billion (with no by-product income)
- Capex A$259 million
Opex US$5,860 per tonne excluding by-product credit score - Potential Opex of <US$4,500 with by-product credit score
- Maiden Possible and Proved Ore Reserve of: 1.7 Mt at 26% Al2O3 for 450,000 tonnes of contained Al2O3.
- Election to proceed to an 80% curiosity in Playa One Pty Ltd offering Influence with 80% possession within the Lake Hope useful resource and mental property.
- Definitive Feasibility Examine to begin with development of pilot plant and investigation into the mixing of Lake Hope with the HiPurA course of.
The PFS highlights the mission’s exceptionally sturdy economics and descriptions a pathway for Lake Hope to develop into a world provider of low-cost, low-carbon HPA, benefiting each the native Ngadju Aboriginal Native title holders and the broader group. The strong economics stem from the distinctive traits of the Lake Hope deposit, which facilitate cost-effective mining and processing.
The PFS confirms that, to one of the best of Influence’s information based mostly on revealed knowledge, the Lake Hope mission could possibly be among the many lowest-cost producers of HPA globally, doubtlessly by a major margin of a minimum of 30%.
Given these sturdy fundamentals, Influence will difficulty 120 million shares, escrowed for 12 months, to train its choice to amass an 80% curiosity in Playa One Pty Ltd, which owns the Lake Hope belongings and mental property, together with two patents for metallurgical processes (ASX Launch March twenty first 2023).
Work will now begin on a Definitive Feasibility Examine (DFS), which can embrace the development of a pilot plant to supply HPA samples at scale for discussions on offtake agreements. The pilot plant mission, at present underway, can be part-funded by the latest federal authorities grant awarded to Influence Minerals in collaboration with CPC Engineering and Edith Cowan College (ASX Launch October twenty second 2024).
As well as, as a part of these research, Influence will give attention to the potential integration of the Lake Hope ore and its related metallurgical processes with the belongings and mental property associated to the HiPurA course of, which had been not too long ago acquired by way of Influence’s 50% share in Alluminous Pty Ltd (ASX Launch April twenty third 2025).
Because the acquisition occurred close to the top of the PFS, the research solely pertains to Lake Hope as a stand-alone mission and doesn’t think about integration with HiPurA. Influence believes the HiPurA acquisition will speed up the Firm’s entry into the HPA market by a number of years, doubtlessly enhancing the economics of the mixed tasks.
Lake Hope PFS Abstract
Influence Minerals’ Managing Director, Dr Mike Jones, mentioned, “The Lake Hope PFS clearly demonstrates that Influence Minerals is now on the cusp of delivering a major, low-cost and extremely scalable HPA mission. In simply over two brief years since buying the rights to the mission, we have now confirmed that Lake Hope’s distinctive pure feedstock, mixed with a straight-forward flowsheet, gives probably the most capital-efficient and environmentally accountable pathways to high-purity alumina manufacturing globally. The Mission’s sturdy margins, minimal carbon footprint, and talent to ship 4N product with out vital reagents or complicated processing offers us with a transparent aggressive benefit because the HPA market enters a section of fast development.”
“Importantly, the PFS positions Lake Hope to doubtlessly be the upstream basis of our vertically built-in HPA enterprise. By our latest acquisition of a 50% curiosity in Alluminous Pty Ltd and the HiPurA® downstream processing expertise we at the moment are accelerating plans to seamlessly combine Lake Hope feedstock with HiPurA’s doubtlessly modular HPA manufacturing capability. This distinctive mannequin gives Influence the flexibleness to scale manufacturing in step with market demand and buyer qualification, whereas minimising capital depth and de-risking the trail to early revenues.”
“With the PFS now full, our subsequent steps are clear: we are going to advance the detailed engineering required to convey Lake Hope into manufacturing, which can revolve round our thrilling federal authorities co-funded membrane analysis mission now underway together with Edith Cowan College and CPC Engineering. We imagine very vital enhancements to our stream sheet will emerge from that work. We may also progress approvals and provoke off-take discussions. On the similar time, we are going to assist fund and quickly develop the HiPurA® modular manufacturing pathway to ascertain near-term capability and place Influence as a differentiated, vertically built-in provider of high-purity alumina to the worldwide market. The alternatives in entrance of us are vital and right now marks a significant milestone in what’s shaping as much as be an thrilling future for Influence Minerals and our shareholders.”
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