FYI Resources Ltd (ASX:FYI) managing director Roly Hill updates Proactive Investors on the company’s recently completed environmental and baseline studies at its Cadoux Kaolin Project in Western Australia.
The study findings demonstrate positive outcomes and a low environmental impact for the project, allowing FYI to begin formal permitting for its proposed high purity alumina operation.
FYI’s mining trade-off study identified that the project is likely to have a low annual total mining rate, up to 240,000 tonnes total, supported by a small operational footprint, minimising the disturbance area.
Nearby infrastructure such as power, water, phone lines and proximity to major sealed roads and rail are considered by FYI as significant for permitting and capital expenditure.
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