FYI’s Mining Proposal (MP) and associated Mine Closure Plan (MCP) have been formally approved by the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS, paving the way for FYI’s high purity alumina (HPA) project development.

The DMIRS approval is for MCP for the Company’s wholly owned Cadoux kaolin project (ML 70/1388) located approximately 220 kilometres northeast of Perth, Western Australia.

The MP and MCP is a set of documents containing detailed information on the identification, evaluation and management of significant environmental impacts relevant to FYI’s proposed mining operations as well as a comprehensive outline of the MP’s mining schedule and project economics over the life of the mine.

The MCP and MP together constitute the key regulatory approvals required to allow works to commence on site at Cadoux and represent a significant development milestone in FYI’s HPA strategy. The approval is for the 100 per cent owned ML70/1388 and cover the planned mining, processing, site infrastructure, waste facilities and haul road, and there similar.

Commenting on the granting of the mining proposal, FYI Managing Director, Roland Hill, said that achieving “this important milestone, 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.”

Source:  www.fyiresources.com.au