Impact Minerals (IPT) AGM 2024 Presentation summary

Project overview

• Lake Hope project in Western Australia targets high-purity alumina (HPA) production with a unique, large-scale deposit and a projected mine life exceeding 50 years at 10,000 tpa output.

• The orebody features micron to nanometre-sized particles, enabling a cost-disruptive metallurgical process currently in the PFS stage.

• Mining lease application has been lodged, and heritage clearance has been granted by the Ngadju Native Title Aboriginal Corporation.

• The project is located in a Tier One jurisdiction, providing regulatory and operational advantages.

Resource and economics

• Total mineral resource is 2.78 million tonnes at 25.1% Al2O3, containing 700,000 tonnes of alumina.

• Scoping study indicates a 25-year mine life, post-tax NPV of A$1,334M, IRR of 55%, and initial capex of A$253M.

• Operating cost is US$3,264/t, positioning the project as potentially the lowest-cost HPA producer globally.

• Annual post-tax cash flow is projected at A$174M, with total post-tax cashflows of A$4,877M over the mine life.

Market opportunity

• HPA prices range from US$15,000–$25,000/t for 4N grade, with specialty grades commanding even higher prices.

• Forecasts show a significant supply deficit in the HPA market from 2026, driven by demand from LEDs, LIBs, and other applications.

• The company aims to deliver into a high-margin, growth market with significant upside potential.