FYI Resources Ltd

FYI Resources to commence drilling for BFS this week at kaolin project

Kaolin is the raw material used to make high purity alumina (HPA).

Diagram showing PFS financial highlights
The September 2018 PFS estimated a US$506 million after-tax net present value for the project

FYI Resources Ltd (ASX:FYI) is set to commence a drilling program this week at its Cadoux Kaolin Project in Western Australia.

The 1,200 metres of reverse circulation (RC) and diamond drilling will serve multiple purposes, most of which progress the bankable feasibility study (BFS) which is due for completion in September 2019.

The primary aim of the drilling is to collect more data to increase the technical and metallurgical understanding of the kaolin feedstock to assist in refining the processing flowsheet.

READ: FYI Resources works toward a September quarter BFS for kaolin project

FYI’s managing director Roland Hill said: “This drilling program is the next phase in advancing the development of the Cadoux Kaolin HPA Project.

“The technical accomplishments we have achieved in the development of our flowsheet design has provided us with an excellent understanding of the intricacies of attaining such a high purity (99.999%) alumina product.

“We really want to now go back to the feedstock (kaolin) to develop a better understanding of the unique characteristics of the deposit to further derisk the project and ensure quality control of the final product.

“This drilling program will provide further information to support our technical work and also add broader project value by providing secondary hydrological information and enabling environmental data collection.”

Drilling to accomplish several technical tasks

Drilling will generate kaolin feedstock for FYI’s planned pilot plant and also define the first phase of feedstock material for specific grade and mineralogy.

Ground water data will also be collected for environmental studies.

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Price: $0.05

Market: ASX
Market Cap: $9.79 m

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FYI Resources commissioning high purity alumina pilot plant

FYI Resources Limited (ASX:FYI) managing director Roland Hill updates Proactive Investors on the commissioning of the high purity alumina (HPA) pilot plant at Kewdale, Western Australia. Hills says the plant is crucial in the development of the Cadoux Kaolin Project and he is happy with...

on 27/6/19

2 min read