The Board of Alpha HPA Limited provided an update on project activities for its HPA First Project, representing the commercialisation and production of critical high purity aluminium products driving de-carbonisation. Alpha is fully funded to commercial production at its Stage 1, Precursor Production Facility (PPF) which is under construction in Gladstone, QLD and scheduled to commence commissioning ahead of production of the Company's high purity Aluminium Precursors from the September quarter 2022. The Company is concurrently satisfying the remaining conditions precedent to the full-scale Project Final Investment Decision, with a focus on product sales and offtakes and project financing.

All major mechanical process equipment on site and installed Filter presses, raw material feed equipment, aluminium nitrate product bagging station and all production modules are installed. Control room on site to be installed this month. Main building electrical works complete, equipment cabling well underway Overhead lighting, roller doors operational.

Power distribution cables being pulled on cable ladder and equipment cabling progressing. Main supply transformer works complete. Piping connections underway and solution pumps in place All process modules pipework progressing well.

SX piping 80% complete, pumps in place. Reagent pumping and pipework are on track. Landscaping and civil works near completion All bitumen and concrete roads in place, stormwater swales operational and working as intended.

Basic landscaping works are underway. Administrative and Laboratory building fabrication near completion The main administration and laboratory building is in the final stages of completion at the offsite workshop and is expected to be installed in August. Operational Readiness activities ramping up The PPF operations leadership team, initially based in Brisbane for training, commence relocation at the end of July.

Hiring for operations staff in Gladstone received an overwhelming response from local applicants with an assessment centre conducted this week to finalise successful applicants. Operating procedures and training documentation is well underway.