The Board of Alpha HPA Limited advised that Mr. Justin Werner and Mr. Cameron Peacock have retired as Directors, effective 2 November 2023. With the recent inclusion into the ASX300 and the substantial progress towards establishing significant production scale across the Company's HPA First Project and Alpha Sapphire businesses, the Company recognises the need to restructure the Board composition with a wider representation of more independent, non-executive Directors. Accordingly, the Company has commenced a process of seeking suitably qualified independent non-executive Director appointments.

The Company has also commenced work on a renewed remuneration framework and will release details once the new framework has been finalised before the end of FY24. Both Mr. Werner and Mr. Peacock have played significant roles in the growth and development of Alpha, and the Board thanks them for their significant contributions. Mr. Peacock will continue to assist Alpha in a business development role.