FYIRF - FYI Resources welcomes appointment of IHC Mining for rare earths project

(NewsDirect)

FYI Resources Ltd(ASX:FYI, OTCQX:FYIRF) MD Roly Hill tells Proactive the company’sacquisition target - Minhub Operations - has partnered withinternational engineering giant IHC Mining to spearhead initial testwork and engineering studies for the proposed mineral processing plantat the Minhub Rare Earths-Zircon Project in the Northern Territory.IHC has been appointed to manage project studies and undertakemetallurgical test work, process flowsheet design and detailedengineering. The testing and studies will initially consider theprocessing of three third-party mineral sands feedstocks (monazite andxenotime) which contain significant rare earths.

Hill said: “Having ahigh calibre international engineering firm such as IHCM commence theinitial Minhub project studies on behalf of FYI/MOPL and projectpartner Arafura Rare Earths Ltd provides the project with significantdevelopment benefits resulting from IHCM’s extensive operationalexperience, metallurgical and engineering capabilities and trackrecord of successful projects.

“We look forward to working closely with IHCM onour unique downstream rare earths production project.”

ContactDetails

Proactive Investors

JonathanJackson

+61 413 713 744

jonathan@proactiveinvestors.com

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