Alpha HPA

RIMAS KAIRAITIS

MANAGING DIRECTOR

(ASX:A4N)

◾ Company Name: Alpha HPA ◾ Company ASX code: A4N ◾ Key commodities: High purity alumina (Alpha and Gamma), boehmite, aluminium nitrate and aluminium sulfate ◾ Key Personnel: Norm Seckold, Executive Chairman | Rimas Kairaitis, Managing Director | Rob Williamson, Chief Operating Officer ◾ Locations: Demonstration Plant - operating (Brisbane), Precursor Production Facility – under construction (Gladstone), Full-scale commercial facility – subject to FID (Gladstone) ◾ Market Cap as of 15/07/22: $330.12M ◾ Share price range over 12 months as of 15/07/22: $0.700 - $0.380 ◾ Company Website: alphahpa.com.au

COMPANY PROFILE

Queensland’s Alpha HPA is a technology company that is sharply focused on its industrial chemical strengths, which it is leveraging in a big way while seeking to commercialise a world-first process to produce ultra-high purity aluminium oxides, nitrates and sulphates for the burgeoning LED lighting and Li-ion battery markets.

Operating across three individual sites – one in Brisbane and two in Gladstone – one of the critical differences Alpha HPA sees in itself that sets it apart is that it is on a quest to not only supply the market with high quality product, but also to do so as cleanly and ethically as possible by utilising green energy sources

To achieve those goals, Alpha HPA has developed and is now commercialising a world-first process to deliver these critical materials at market-leading purity levels and at a dramatically lower carbon profile.

The company says its licenced Smart SX process, which is the world’s first adoption of the solvent extraction (SX) purification technique to aluminium, which it has perfected through over 7,000 hours of operation at demonstration scale and established a global product marketing network with over 40 end users.

Alpha is now rapidly scaling to commercial operations with the Stage 1 Precursor Production Facility (PPF), due to commence production in the September quarter of 2022.

Construction is underway on its production facilities in the Tier-1 jurisdiction of Gladstone, QLD, which is strategically adjacent to the company’s chemical counterparty, Orica Ltd.

Orica will supply the process reagents and offtake the process by-product, creating a 100% reagents recycle, and qualifying the site as a near-zero waste facility.

The Gladstone location also allows Alpha HPA to realise ready access to abundant aluminium feedstock from the local alumina refinery, as well as access to an established industrialskilled workforce.

With the steady hand of Executive Chairman Norm Seckold on the tiller, the company has identified two key decarbonising technologies it believes are the ideal beneficiaries of its product:

LED lighting: The continued transition to high- efficiency LED lighting is expected to save a further 1.4Bn tonnes on CO2 emissions; and

E-mobility: The forecasted adoption of lithium-ion based e-mobility in transportation is set to reduce global transport CO2 emissions by over 50%.

Alongside Seckold are two wellrespected industry voices, in Managing Director Rimas Kairaitis and Chief Operating Officer Rob Williamson, whose experience has helped guide the company to its current, high-potential phase.

The short-term plan for the company is to get its two main products into the hands of industry, through the manufacture and sale of its 5N Ultra Aluminium Precursor salts, Ultra aluminium nitrate (99.999% purity) – used for various speciality applications including coatings, LED and laser phosphors, lithium-ion battery electrode coatings and scintillators, and Ultra aluminium sulphate (99.999% purity), used predominantly for the synthesis of aluminium-bearing lithium-ion battery cathode active materials (e.g. NCA and NCMA).

The Stage 1 PPF facility has been designed to have a total ultra aluminium precursor production capacity of ~1020MT per month, with construction taking place on the same site as the HPA First Project in Gladstone.

Once customer product requirements are finalised, Alpha HPA will then proceed to the full-scale construction of the project in Gladstone, scaling up to the equivalent of ~10,000tpa of high purity alumina, making the project the largest single source of high purity aluminium products globally.

KEY INVESTMENT HIGHLIGHTS

JUNE 23, 2022: Alpha HPA Stage 1 on track for Sep/Oct 22 start-up. MARCH 16, 2022: Alpha HPA First Project awarded $45m federal government grant for Stage 2. APRIL 28, 2022: Alpha HPA Awarded up to $15m in federal government funding for Stage 1 expansion