viewFYI Resources Ltd

FYI Resources pockets $250,000 tax rebate towards HPA strategy

The rebate will be directed towards the company’s high purity alumina (HPA) development work.

FYI Resources Ltd - FYI Resources pockets $250,000 tax rebate towards HPA strategy
An initial pilot plant run recently achieved above the target grade of 99.99%

FYI Resources Ltd (ASX:FYI) has received a further R&D tax incentive rebate payment of $250,000.

The rebate is related to expenditure on the development of the innovative process design to refine high purity alumina (HPA) from aluminous clay known as kaolin.

The kaolin for the proposed HPA refinery will be sourced from FYI’s 100% owned Cadoux Kaolin Project in Western Australia.

Recent pilot plant trial run

FYI recently received results from the optimised component of its recently completed HPA pilot plant trial.

The results from the trial run averaged 99.995% Al2O3, which is well above the company’s target grade of 99.99% Al2O3.

Furthermore, the achievement demonstrated operational improvements in the plant that will be applied to the process flowsheet and ultimately the commercial refining facility.

The pilot plant has played a critical role in the validation of the company’s HPA flowsheet.

Quick facts: FYI Resources Ltd

Price: 0.405 AUD

Market: ASX
Market Cap: $122.13 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of FYI Resources Ltd named herein, including the promotion by the Company of FYI Resources Ltd in any Content on the Site, the Company receives...


FYI Resources welcomes 'unprecedented response' to $6 million fundraise

FYI Resources Ltd's (ASX:FYI) Roland Hill caught up with Proactive's Andrew Scott after announcing they've received firm commitments to raise up to $6 million through a strongly supported placement to sophisticated and professional investors. It'll go towards advancing its strategy of producing...

on 1/12/20

2 min read