In an interview with Investing News Network, Impact Minerals Managing Director Mike Jones outlined the company’s plans for mining and processing HPA at its Lake Hope project in Western Australia.
“The grant is about 45 percent of a larger project looking at sustainable development of HPA, from the start of the mining through the processing and then through to creating the end-user products,” he said.
HPA is a critical mineral that’s crucial in the energy transition. It is used in LEDs and as coating for batteries, among other things.
Impact Minerals’ Lake Hope asset has geology and characteristics that allow for low-cost, low-impact mineral extraction, according to Jones.
“It is quite a unique project in which we are going to dig up the top 2 meters of the lake clay. They contain some very unique minerals and we’re going to convert that into HPA,” he said.
As Impact Minerals advances its Lake Hope project, the company is also working to secure offtake agreements. By emphasising the importance of having a pilot plant, Jones clarified that securing proof of viability and product quality is essential before approaching potential clients.
“We’ve got some very strong feedback, but really customers won’t take you seriously until you’ve got a pilot plant,” he noted. This strategic foresight, coupled with a targeted marketing plan, positions Impact Minerals to leverage its technological and operational advancements effectively.
The coming months are pivotal, with Jones forecasting a busy schedule. “The big thing we’re working on at the moment is completing the prefeasibility study … that’s a critical decision point for us.”
Watch the full interview with Impact Minerals Managing Director Mike Jones above.
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This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
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