Impact Minerals

Nickel Copper PGM in NSW and WA

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Impact Minerals Exec Mike Jones Bares Next Steps After $2.87 Million Funding Boost

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"The big thing we’re working on at the moment is completing the prefeasibility study … that's a critical decision point for us," said Mike Jones, managing director of Impact Minerals.

Following a recent $2.87 million federal funding award, Australian mineral exploration and development firm Impact Minerals (ASX:IPT) is ramping up efforts to develop a sustainable high-purity alumina (HPA) product over the next three years.

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.

Disclaimer: This interview is sponsored by Impact Minerals (ASX:IPT). This interview provides information which was sourced by the Investing News Network (INN) and approved by Impact Minerals in order to help investors learn more about the company. Impact Minerals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Impact Mineralsand seek advice from a qualified investment advisor.

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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