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Alpha HPA (ASX:A4N) - Managing Director, Rimas Kairaitis - The Market Herald
Managing Director, Rimas Kairaitis
Source: Finance News Network
  • Alpha HPA (A4N) has received a large test sample order from a U.S. sapphire glass and LED manufacturer for its high purity alumina product
  • Alpha is developing its HPA First Project into a 10,000 tonnes per annum facility to supply the lithium ion battery, sapphire glass and LED light markets
  • To meet the large sample order, Alpha is preparing an increased volume demonstration scale run at HPA First
  • Additionally, the company is conducting project financing and permitting discussions as well as engineering activities
  • Alpha is down 6.06 per cent with shares trading for 15.5 cents each

Alpha HPA (A4N) has provided an update on activities at its HPA First Project.

The company is utilising the project to produce up to 10,000 tonnes per annum of high purity alumina (HPA). Alpha will do this by sourcing its proprietary licensed solvent extraction (SX) and HPA refining technology.

Alpha's technology allows for the extraction and purification of aluminium from industrial feedstock to produce alumina for the lithium ion battery, sapphire glass, and LED lighting industries.

Alpha has received a 90 kilogram test sample order from a U.S.-based sapphire glass and LED manufacturer. This order follows a standing order from a South Korean-based sapphire glass and LED manufacturer.

The company is pleased to have secured these orders as it has been actively pursuing outreach activities into the glass and LED industry.

"We are very encouraged to now be receiving test sample HPA orders from the sapphire glass/LED industry as our market outreach work into this sector begins to expand," Managing Director Rimas Kairaitis said.

To meet the larger sample order, Alpha is preparing an increased volume demonstration scale run at the HPA First Pilot Plant. The relevant pre-cursor circuit and existing drying and calcination circuits are already scaled to meet the larger volume.

Alpha is currently working with KPMG Debt Advisory Team to organise financing for the HPA First Project. The company is also in advanced stages of engineering and by-product activities.

The company is continuing to progress key steps for project permitting under the guidance of external consultants, AECOM.

Alpha is down 6.06 per cent with shares trading for 15.5 cents each at market close.


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