FYI Resources Ltd (ASX:FYI, OTCQX:FYIRF) MD Roly Hill tells Proactive the Western Australian Governments Investment Attraction Fund (IAF) has granted the company A$3 million, which will assist in the development of its high purity alumina (HPA) project. FYI is moving forward with its HPA project by advancing a small-scale production plant (SSP), essential for delivering high-quality HPA(>99.99% Al2O3) via the companys innovative flowsheet design for evaluation by prospective end users. The plants design capacity is targeted at >1,000 tonnes per annum of high-quality HPA.
We are very pleased to receive the cash funding from the IAF scheme through the Western Australian Government," Hill said
"The grant will allow us to continue the development of the HPA project and further advance our innovative and proprietary technologies developed for our HPA process.
"FYI has demonstrated the viability of the HPA project and is now setting about demonstrating its commercial potential. FYI is at a crucial step in positioning as a sustainable, integrated HPA producer. The IAF funding will contribute significantly at this stage of the SSP project development."
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FYI Resources Ltd
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