Source: Shutterstock
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Queensland Pacific Metals (QPM) successfully produces 4N high purity alumina (HPA) from laboratory-scale test work undertaken as part of its TECH project
  • The 99.996 per cent-purity HPA was produced from aluminium hydroxide feedstock generated from its pilot plant, which was testing the “DNi Process” on New Caledonian ore
  • The company says the HPA production represents a key step in its partnership with Lava Blue
  • Lava Blue performed the test work at its Queensland University of Technology laboratory
  • QPM shares up five per cent to 21 cents

Queensland Pacific Metals (QPM) has produced 4N high purity alumina (HPA) from laboratory-scale test work undertaken as part of its TECH project that involves the proposed importing of laterite ore from New Caledonia.

The company said the 99.996 per cent-purity HPA was the result of treating aluminium hydroxide feedstock generated from its pilot plant, which was testing the “DNi Process” on New Caledonian ore.

According to Queensland Pacific, the HPA production represented a key step in the partnership it struck with Lava Blue.

In December, the two companies entered into a license heads of agreement allowing Lava Blue to use its proprietary HPA technology for the TECH project.

Lava Blue carried out the test work at its Queensland University of Technology laboratory.

The HPA pilot production by Lava Blue provided the impetus for Queensland Pacific to commence the next phase of test work, the company said.

It also paved the way for it to finalise the appointment of engineering consultants Stantec to undertake the HPA refinery section of the TECH project definitive feasibility study in conjunction with Hatch, Queensland Pacific’s engineering partner.

QPM shares were trading five per cent higher at 21 cents at 10:32 am AEDT.

More From The Market Herald
Countplus (ASX:CUP) - Incoming CEO, Hugh Humphrey

" Hugh Humphrey appointed CEO of Countplus (ASX:CUP)

Investment services company CountPlus (ASX:CUP) has appointed Hugh Humphrey as the company's CEO, effective July 1.

" ASX employee tests positive for Covid-19

The ASX says an employee has contracted Covid-19.

" ASIC launches official investigation into ASX market outage

The ASX has confirmed today it is officially under investigation from the Australian Securities and Investments…

" ASX sheds more light on last week’s market tech failure

The Australian Securities Exchange has shed some more light on the nature of last week's market…