FYIRF - FYI Resources welcomes A$3 million grant for HPA project

(NewsDirect)

FYI Resources Ltd(ASX:FYI, OTCQX:FYIRF) MD Roly Hill tells Proactive the company hasconditionally been awarded an A$3 million grant from the WesternAustralian Government’s Investment Attraction Fund (IAF), which willaccelerate the development of its innovative high purity alumina (HPA)project.

The grantrecognises the importance of FYI’s project to the state of WA andwill support the continued development of the company’s strategy tobecome a supplier of high-quality HPA.

Hill said: “We are very pleased to receiveselection confirmation for funding by the Western AustralianGovernment under the IAF scheme.

“The grant will allow us to continue thedevelopment of the HPA project and the advanced and innovativetechnologies.

“FYI has demonstrated the technical viability of the HPAproject and is now setting about demonstrating its commercialpotential.

“FYI is at a crucial stepin positioning as a sustainable, integrated HPA producer and the IAFfunding will contribute significantly to accelerate the projectdevelopment."

ContactDetails

Proactive Investors

JonathanJackson

+61 413 713 744

jonathan@proactiveinvestors.com

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