Alpha HPA (ASX:A4N) - Managing Director, Rimas Kairaitis
Managing Director, Rimas Kairaitis
Source: Finance News Network
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  • Alpha HPA (A4N) further progresses its high purity aluminium (HPA) First Project, located in Gladstone, Queensland
  • Alpha has received approval from the Queensland State Government for both stage one PPF and stage two of the full-scale facility on the same site
  • Additionally, the company has secured land possession from November 5, 2021, for the PPF and HPA First Project site
  • Alpha is now preparing for earthmoving works at the HPA First Project
  • On the market today, Alpha is down 1.01 per cent and is trading at 49 cents per share

Alpha HPA (A4N) has made further progress with its high purity aluminium (HPA) First Project, located in Gladstone, Queensland.

The company is fully funded to commercial production at its stage one Precursor Production Facility (PPF), which is scheduled to begin commercial production of its HPA precursors from August 2022.

Now, Alpha has received approval from the Queensland State Government for both stage one PPF and stage two of the full-scale facility on the same site.

The company has also secured land possession from November 5, 2021, for the PPF and HPA First Project site.

Alpha will mobilise earthmoving contractors to the HPA First Project site shortly after land settlement to commence work.

“Alpha is delighted to have received the updated approvals, to have secured the land parcel for both stages of the HPA First Project and to be commencing site works,” Managing Director Rimas Kairaitis said.

“These are each further exciting milestones for the company.”

On the market today, Alpha was down 1.01 per cent and is trading at 49 cents per share at 12:46 pm AEDT.

A4N by the numbers
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