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FYI Resources receives approval for prime site to host HPA facility

The site location is nearby to the company’s Cadoux Project which will provide feedstock for the refining plant.

FYI Resources Ltd - FYI Resources receives approval for prime site to host HPA facility
The site is located in Western Australia's premier industrial area

FYI Resources Ltd (ASX:FYI) has secured a location for its proposed high-purity alumina (HPA) refining facility in the Kwinana Industrial Area (KIA) located on the southern fringe of Perth.

The company proposed to refine kaolin feedstock at the HPA facility from its 100% owned Cadoux Kaolin Project in Western Australia.

Given the prime location of the site, FYI can benefit from the existing infrastructure, cheaper input costs, transport links and accessibility and available skilled workforce.

The KIA is a key contributor to the WA economy and one of the most interconnected industrial precincts in the world.

Fully integrated HPA production strategy

FYI’s managing director Roland Hill said: “The KIA is a world class industrial hub and FYI are both delighted and proud to be selected to be a proponent within the zone and participating in the exciting Battery Valley.

“Having our HPA refinery located in this zone is a real asset to the company and is integral to our fully integrated production strategy.

“The benefit of being located in the KIA brings many tangible and intangible benefits to our business model such as essential services, utilities and suppliers at our doorstep, permitting and cost benefits, proximity to Perth and the advantages of a centralised distribution and export hub.

“We are looking forward to progressing our development plans to include our major infrastructure being located in such a favourable jurisdiction and location.”

FYI is progressing definitive feasibility studies (DFS) supporting a planned production of 4N and 5N HPA following the successful pilot plant trial achieving the targeted production grade of 99.99% HPA.

Quick facts: FYI Resources Ltd

Price: 0.051 AUD

ASX:FYI
Market: ASX
Market Cap: $10.85 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