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FYI Resources receives Cadoux mining approval

FYI Resources has received approval from the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) for the Cadoux kaolin project.

The approval covers FYI’s planned mining, processing, site infrastructure, waste facilities and haul roads.

This milestone paves the way for FYI to commence works on-site at Cadoux as FYI works on developing a high purity alumina (HPA) processing operation.

According to FYI, its aluminous kaolin deposit at Cadoux responds positively as a feedstock to the company’s integrated processing flowsheet.

These factors support FYI’s HPA project potential and aim to be a significant producer of high purity alumina in the rapidly developing LED, electric vehicle and smartphone markets.

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

The Cadoux project is around 220 kilometres northeast of Perth. Read more…

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