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.
