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.”
