HPA PROJECT
HIGH PURITY METALS
Australian Securities Exchange Announcement24 January 2022
onlyKing River Resources Limited (ASX:KRR) is pleased to provide this update on its wholly owned subsidiary High Purity Metals Limited (HPM) which holds the High Purity Alumina (HPA) Project. The attached document has been developed to provide detailed information on the industry focus of HPM, its corporate strategy along with the products being commercialised, information on the relevant markets, and recent and upcoming milestones.
useThis announcement was authorised by the Chairman of the Company.
Anthony Barton
Chairman
King River Resources Limited
Email: info@kingriverresources.com.au
personalPhone: +61 8 92218055
Statement by Competent Person
The information in this report is based on information compiled by Mr Ken Rogers (BSc Hons) and fairly represents this information. Mr Rogers is the Chief Geologist and an employee of King River Resources Ltd, and a Member of both the Australian Institute of Geoscientists (AIG number 2359) and The Institute of Materials Minerals and Mining (IMMM number 43552), and a Chartered Engineer of the IMMM. Mr Rogers has sufficient experience in the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Rogers consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
For
onlyuse
personalPowering the For21st Century
HIGH PURITY METALS LTD - JANUARY 2022
Introduction | |
only | Origin |
use | |
personal | Mission |
For | Process |
01 High Purity Metals is a wholly owned subsidiary under King River Resources, focused on developing the HPA Project.
02 King River Resources is committed to commercialising the 5N Aluminium Precursor and 4N HPA opportunities in a way that maximises the return on investment for our shareholders.
03 Our ARC process is used to create 5N Aluminium Precursors and 4N HPA.
The ARC process is based on utilising an Aluminium chemical feedstock, then Recrystallisation for purification and Finally Calcination.
Market
04 Our range of high purity products are utilised in the Electric Vehicle battery, LED and optics industries.
Economics
05 Initially a 2,000tpa 5N Aluminium Precursor Plant to minimise the CAPEX for entry into the market with a high rate of return.
Opportunity
06 Ongoing testing with different feedstocks to broaden industry relationships and provide Environmental, Social and Governance (ESG) benefits to others.
POWERING THE 21ST CENTURY | 2 |
High Purity Metals plans to produce:
only | (≥99.999%) | (≥99.99%) | |
high purity aluminium | high purity alu | ||
use | |||
precursor compounds | (HPA) | ||
5N | 4N | ||
personal | |||
using our proprietary ARC HPA process, | |||
manufactured from an industrial aluminium | |||
Forchemical feedstock. |
POWERING THE 21ST CENTURY | 3 |
useonlyHigh Purity Metal's | ||
Entry to Market | ||
personal | IRR of 50.8%. | |
High Purity Metals are committed | In June 2021 a Prefeasibility Study into a 9,000tpa 4N HPA | |
to commercialising the 5N | operation produced a CAPEX of A$203m which generated | |
annual EBITA of A$193m and project NPV of A$1,043m and | ||
For | Aluminium Precursor and 4N HPA | This progressed in a Detailed Feasibility Study for the 2,000tpa |
opportunities in a sustainable | ||
5N Aluminium Precursor plant which is projected to provide a | ||
way that maximises the return on | ||
much lower cost of entry into the market and provide for a greater | ||
investment for our shareholders. | range of potential products to market. | |
The smaller footprint also provides more site options to get | ||
underway, so we have a simpler process, with a lower CAPEX | ||
and OPEX but similar/higher product price margins. | ||
Our process, ARC, stands for Aluminium chemical feedstock, | ||
Recrystallisation for purification, and Calcination - and is used | ||
to create 5N Aluminium Precursors and 4N HPA. This range | ||
of high-purity products is integral to the Electric Vehicle (EV) | ||
battery, LED and optics industries. | ||
A 5N Aluminium Precursor Plant will initially be built, to minimise | ||
the Capital Expenditure (CAPEX) for entry into the market and | ||
with an expected high rate of return. |
POWERING THE 21ST CENTURY | 4 |
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King River Resources Ltd. published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 00:06:06 UTC.