McGowan requested that the WA Department of Jobs, Tourism, Science and Innovation (JTSI), as the Lead Agency for the delivery of the WA government’s Future Battery Industry Strategy, provide lead agency services for the Cadoux Kaolin High Purity Alumina (HPA) Project.
McGowan said: “The Cadoux Kaolin High Purity Alumina Project presents a great example of Western Australia building on its competitive advantages and moving further up the value chain into downstream processing of diverse battery minerals.”
JTSI is the Western Australia’s lead agency for resources and infrastructure projects where the proposed project investment is either substantial or of strategic importance to the State.
Support bodes well for remaining approvals
FYI’s managing director Roland Hill said: “To be granted this support from State Premier level is very encouraging for our strategy.
“This recognition represents a significant step for FYI in terms of assisting the company secure the remaining pre-development approvals and provide support with discussions and conclude negotiations with various Australian and International stakeholders at all levels.”
Board members buying stock
A number of FYI board members have been purchasing company stock over recent months such as non-executive director David Sargeant who has made multiple recent purchases including 252,871 shares in August 2019.
Sargeant bought the shares for $12,938, increasing his overall holdings in the company to 5.0 million shares.