FYI Resources has received the support of Western Australian Premier, Mark McGowan, in requesting that the WA Department of Jobs, Tourism, Science and Innovation (JTSI) provide lead agency services for the Cadoux Kaolin High Purity Alumina (HPA) Project.
|FYI Resources receives government nod for its HPA project|
JTSI is the Lead Agency for the delivery of the WA government’s Future Battery Industry Strategy, which was launched to support the development of WA as a world-leading exporter of battery minerals, materials, technologies and expertise.
Mr McGowan said that the Cadoux Kaolin High Purity Alumina Project presents a great example of Western Australia building on its competitive advantages and moving further up the value chain into downstream processing of diverse battery minerals.
JTSI is the Western Australia’s lead agency for projects (major resource and infrastructure) where the proposed project investment is either substantial or of strategic importance to the State.
FYI intends to develop the Cadoux kaolin project (for feedstock) and construct the associated downstream refining facility in the Kwinana Industrial Area (KIA). FYI’s HPA development strategy sits neatly within the WA State’s Future Battery Industry initiatives in establishing a world class battery technology hub at Kwinana.
FYI are currently completing a Definitive Feasibility Study (DFS) through project manager GR Engineering, who have outlined the project’s economic metrics under the Prefeasibility Study (PFS), completed in September 2018.
The Cadoux PFS results demonstrated that the project could generate significant economic and social benefits to WA.
Commenting on receiving Lead Agency support, FYI Managing Director, Roland Hill, sees the support from State Premier level as very encouraging for the company’s strategy.
“This recognition represents a significant step for FYI in terms of assisting the Company secure the remaining pre-development approvals and provide support with discussions and conclude negotiations with various Australian and International stakeholders at all levels,” said Mr Hill.