{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Impact Minerals (ASX:IPT) - Scoping Study Cuts High-Purity Alumina Capital Costs","html":"","width":"100%","height":180,"duration":1432,"description":"Interview with Dr. Mike Jones, MD of Impact Minerals Ltd.\nOur previous interview: https://www.cruxinvestor.com/posts/impact-minerals-asxipt-advancing-scoping-study-with-10x-throughput-breakthrough-in-hand-10564\nRecording date: 11th September 2026\nImpact Minerals (ASX:IPT) has spent the past three years repositioning from a conventional Australian exploration company into a twin-pathway high-purity alumina (HPA) developer, and the scoping study for Alluminous, the company's 50%-owned chemical-process technology in which it holds its stake alongside two US-based institutional co-investors, is the first independent test of the economics behind that pivot.\nThe study, prepared by NewPro Consulting & Engineering Services, compared four development cases across Perth and the Houston area. Impact's preferred pathway stages a US Gulf Coast plant from 2,000 tonnes per annum (tpa) up to 4,000 tpa as customer qualification, offtake and funding mature, rather than committing to full capacity immediately. The case models a post-tax NPV at an 8% discount rate of A$518 million ($362.4 million), a 42.3% IRR, and a capital payback of roughly 3.8 years, on total installed capital of $74 million. Net operating costs, after crediting a saleable ammonium sulphate by-product, come in just under $9,000 per tonne. \nManagement's central claim is capital efficiency: it puts listed peers Alpha HPA and Advanced Energy Minerals at roughly four to five times Alluminous's capital intensity per tonne of installed capacity, while operating costs remain broadly comparable.\nAlluminous sits alongside Lake Hope, Impact's 80%-owned flagship Western Australian project, which uses a different, natural lake-sediment feedstock and completed its own Pre-Feasibility Study in June 2025 - a standalone A$1.2 billion NPV case at a 10% discount rate with a 47.5% IRR. The two projects are run and owned independently, use different feedstocks and produce different by-products (Lake Hope yields sulphate of potash;...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}