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FYI Resources Ltd

FYI Resources to utilise pilot plant for HPA development using funding from R&D tax rebate

FYI Resources Ltd (ASX:FYI) managing director Roland Hill updates Proactive Investors on the HPA developer feasibility work and recently-received R&D tax rebate. 
 
The company has received $300,000 of an expected $1.1 million which will assist in advancing its high purity alumina (HPA) strategy centred on its Cadoux Kaolin Project in WA.
 
Funding will be directed towards the development of a pilot plant, which will materially progress the proposed fully-integrated, low-risk, low-cost production of high purity 4N and 5N alumina products.

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Price: $0.06

Market: ASX
Market Cap: $13.62 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