FYIRF - FYI Resources welcomes $3 million grant for HPA project
(NewsDirect)
FYI Resources Ltd(ASX:FYI, OTCQX:FYIRF) MD Roly Hill tells Proactive the WesternAustralian Government’s Investment Attraction Fund (IAF) has grantedthe company A$3 million, which will assist in the development of itshigh purity alumina (HPA) project. FYI is moving forward with its HPAproject by advancing a small-scale production plant (SSP), essentialfor delivering high-quality HPA(>99.99% Al2O3) via the company’sinnovative flowsheet design for evaluation by prospective end users.The plant’s design capacity is targeted at >1,000 tonnes perannum of high-quality HPA.
“We are very pleased to receive the cash fundingfrom the IAF scheme through the Western Australian Government,"Hill said
"Thegrant will allow us to continue the development of the HPA project andfurther advance our innovative and proprietary technologies developedfor our HPA process.
"FYI hasdemonstrated the viability of the HPA project and is now setting aboutdemonstrating its commercial potential. FYI is at a crucial step inpositioning as a sustainable, integrated HPA producer. The IAF fundingwill contribute significantly at this stage of the SSP projectdevelopment."
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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