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Pure Minerals gains new substantial holder in managing director John Downie

The company’s recently completed HPA scoping study revealed significant value-add potential to the TECH Project.

Pure Minerals Ltd - Pure Minerals gains new substantial holder in managing director John Downie
Pure Minerals is focused on developing a modern battery metals refinery in northern Queensland

Pure Minerals Ltd (ASX:PM1) has gained a new substantial holder in managing director John Downie.

Downie now holds 40.78 million shares increasing his stake in the company to 6.83%. 

High-purity alumina (HPA) scoping study adds value

Pure recently received results for a scoping study evaluating the production of high-purity alumina (HPA) from its Townsville Energy Chemicals Hub (TECH) Project in Queensland.

The scoping study assessed the production of 4N HPA on a standalone basis, using the aluminium hydroxide as a feedstock.

This scoping study followed the December 2019 pre-feasibility study (PFS) on the TECH Project which identified the production of HPA as a key value-add opportunity for the project.

A 25-year operation producing 4,007 tonnes per annum (tpa) of 4N HPA would have a net present valuation (NPV) of $849 million.

The scoping study will be updated to PFS standard and combined with the December 2019 TECH PFS to present the financial metrics of the overall project when producing HPA instead of aluminium hydroxide.

Quick facts: Pure Minerals Ltd

Price: 0.018 AUD

ASX:PM1
Market: ASX
Market Cap: $10.73 m
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Full interview: Pure Minerals' PFS confirms strong economic potential for...

Pure Minerals Ltd (ASX:PM1) managing director John Downie updates Proactive on a positive pre-feasibility study for the Townsville Energy Chemicals Hub (TECH) Project in North Queensland, which confirms its strong economic potential. The Townsville hub will include a battery chemicals...

on 10/12/19

2 min read