Impact Minerals (IPT) investor relations material

Market context and strategic positioning

• Global supply chain disruptions and geopolitical risks are driving demand for onshoring and self-sufficiency in critical minerals, with Australia and the US increasing government support for domestic supply chains.

• The company is transitioning from exploration to production, aiming to become a significant, low-cost producer of high-purity alumina (HPA) from salt lakes in Western Australia.

• HPA demand is forecast to grow at a 20% CAGR from 2024 to 2034, with a structural supply deficit expected from 2026.

• The business targets high-margin markets such as lithium-ion batteries, semiconductors, and LED manufacturing.

Resource and project highlights

• Lake Hope project holds 1.7 million tonnes at 26% Al2O3, with a 33-year initial mine life and mineralisation at surface, enabling low-cost mining.

• The project is located in a stable, mining-friendly jurisdiction with established infrastructure and port access.

• Pre-feasibility study (PFS) shows robust economics: A$1.2bn post-tax NPV, 47.5% IRR, 2.2-year payback, and among the lowest global HPA production costs.

• The process uses patented low-temperature leach technology, delivering 4N HPA with a fraction of incumbent emissions and by-product credits from sulphate of potash.

Business model and growth strategy

• Two independent assets: Lake Hope (80%) and Alluminous (50%), each with distinct technology and routes to market.

• Alluminous offers a modular, scalable chemical solvent-exchange process, already in customer qualification with US battery partners.

• The company maintains capital discipline and diversification through gold and silver exploration joint ventures.

• A sequence of near-term milestones, including pilot plant operation, customer qualification, and government-backed funding, are expected to drive re-rating opportunities.