Impact Minerals Advances Lake Hope HPA Project and Silica Hill Discovery
Impact Minerals is progressing its Lake Hope High Purity Alumina Project towards a definitive feasibility study following key processing advancements. Simultaneously, Kuniko's drilling at the Commonwealth-Silica Hill project has uncovered new mineralization, extending beyond the known deposit, indicating growth potential in both projects.
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Impact Minerals has advanced its Lake Hope High Purity Alumina Project towards a definitive feasibility study, completing essential processing optimization work and initiating a pilot plant program. Kuniko, its joint venture partner, identified mineralization in six holes at the Commonwealth-Silica Hill project, with a significant new discovery located 100m beyond the known deposit.
The pre-feasibility study projects 10,000 tonnes of high purity alumina production annually over 33 years, with a post-tax net present value of A$1.165 billion. The company ended June with A$2.08 million cash after expenditures on exploration and corporate activities.
Drilling at the Salmon Gums project has also been completed, supporting a maiden mineral resource estimate expected in 2026. Significant assay results from Kuniko’s drilling include high-grade gold and silver intersections, with further exploration anticipated to enhance resource estimates. Financial modeling for the Lake Hope Project is set to commence in August.
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