---
title: "Impact Minerals (ASX: IPT) December 2024 Quarterly Report"
description: Impact Minerals is pleased to share the December 2024 Quarterly Report.
---

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# [Impact Minerals (ASX: IPT) December 2024 Quarterly Report](https://www.barclaypearce.com/blog/impact-minerals-asx-ipt-december-2024-quarterly-report)

 Written by [Barclay Pearce Capital](https://www.barclaypearce.com/blog/author/barclay-pearce-capital) | Jan 30, 2025 11:37:07 PM

 

 

[Impact Minerals (ASX: IPT) ](https://www.linkedin.com/company/impact-minerals-limited/)is pleased to share the December 2024 quarterly report covering progress of the Lake Hope High Purity Alumina(HPA) Project, Arkun-Beau project & Commonwealth Project.

 

### Announcement Highlights

- Significant progress made on the Pre-Feasibility Study of The Lake Hope High Purity Alumina(HPA) Project:   
  - The Mine at Lake Hope: A maiden Measured Resource of 730,000 tonnes at 25.8% alumina(Al₂O₃) defined, underpinning an initial 15-year mine life which is part of a much larger resources that includes Indicated and Inferred Resources; Funding secured to accelerate development of the pilot plant through a Federal Government grant of $2.87 million in collaboration with CPC Engineering and Edith Cowan University.  
  - The Process Plan: CPC Engineering continues engineering studies for the 10,000 tpa HPA plant, incorporating design improvements for acid regeneration.
- Arkun-Beau, WA (IPT 100%):  
  - 311 new soil samples were collected which included infill sampling at the Caligula target and over new mobile MT anomalies.  
  - Drill targeting and planning for Q2 2025.
- Commonwealth Project (IPT 100%)  
  - Burrendong Minerals Limited has released its prospectus for an IPO, offering 25 million shares at $0.20 per share, with a one-for-two free attaching option exercisable at $0.25 within 36 months.  
  - Impact shareholders have a priority entitlement of $2 million in the IPO.

Read the full Impact Minerals Company Update [here](https://www.barclaypearce.com/hubfs/Impact%20Minerals%20December%202024%20Quarterly%20Activities%20Report.pdf).

*To learn more about Impact Minerals and stay up to date with investor information, subscribe to the Company's Chairman’s List.*  

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