leadf
logo-loader
viewFYI Resources Ltd

FYI Resources mining proposal approved for Cadoux Kaolin Project

The mining proposal and mine closure plan are key regulatory approvals for works to commence on site at Cadoux.

FYI Resources Ltd - FYI Resources mining proposal approved for Cadoux Kaolin Project
FYI is progressing positively with a DFS for the Cadoux project

FYI Resources Ltd (ASX:FYI) mining proposal and mine closure plan for its 100% owned Cadoux Kaolin Project has been approved by the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS).

The approval covers the planned mining, processing, site infrastructure, waste facilities and haul roads for the project as well as outlining the mining schedule and project economics over the life of the mine.

High purity alumina strategy

FYI Resources managing director Roland Hill said: “With this important milestone now achieved and only minor regulatory approvals required prior to commencing development and mining activities, FYI will continue progressing its high purity alumina (HPA) strategy in anticipation of arranging full project funding and a formal decision to mine from the FYI Board.”

This approval paves the way for the first step in the company’s HPA strategy, the foundation of which is the superior quality aluminous clay (kaolin) deposit at Cadoux.

Innovative flowsheet

The project’s feedstock has responded positively to the company’s innovative and integrated processing flowsheet - utilising uncomplicated moderate temperature and atmospheric pressure technologies.

FYI is positioning itself to be a significant producer of HPA in the rapidly developing LED, electric vehicle, smartphone and television screen as well as other associated high tech-product markets.

Quick facts: FYI Resources Ltd

Price: 0.175 AUD

ASX:FYI
Market: ASX
Market Cap: $46.97 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: FYI Resources DFS highlights low capital and operating costs...

FYI Resources Ltd (ASX:FYI) Roland Hill updates Proactive on the results of a definitive feasibility study that outlines a clear path forward to developing an integrated HPA business incorporating Cadoux Kaolin Project and Kwinana High-Purity Alumina (HPA) Project in WA.  Hill said the...

on 13/3/20

2 min read