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Full interview: FYI Resources DFS highlights low capital and operating costs for kaolin and HPA project

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 company was particularly pleased with the economic outcomes of the DFS with an after-tax net present valuation (NPV) of US$543 million based on a 25-year open-pit mining, processing and refining operation.

As one of the lowest capital and operating cost projects, Hills said: “All in all, this is a serious, serious project and we are very pleased about it.”

Quick facts: FYI Resources Ltd

Price: 0.395 AUD

Market: ASX
Market Cap: $122.82 m

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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