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FYI Resources to target deposit definition with drilling program at Cadoux Kaolin Project

Proactive Investors Wednesday, 10 April 2019
FYI Resources Ltd (ASX:FYI) will begin a detailed drilling program at its Cadoux Kaolin Project in Western Australia this week to further define the deposit and augment the company’s high purity alumina (HPA) strategy. The company has a planned program of about 1,200 metres utilising two rigs with a reverse circulation (RC) and diamond drill operating in sequence. Samples generated and technical data obtained from the drilling is expected to provide important information for the bankable feasibility study expected to be complete in the September 2019 quarter.   FYI managing director Roland Hill said: “This drilling program is the next phase in advancing the development of the Caedouz Kaolin HPA Project. “The technical accomplishments we have achieved in the development of our flowsheet design has provided us with excellent understanding of the intricacies of attaining such a high purity (99.999%) alumina product. “We really want to now go back to the feedstock (kaolin) to develop a better understanding of the unique characteristics of the deposit and further de-rick the project and ensure quality control of the final product.” The program is designed to accomplish several technical tasks including: Increase FYI’s understanding of the mineral variability of the kaolin at Cadoux as well as its impact on potential HPA production; Complete detailed ground water investigation as part of environmental studies; Generate kaolin feedstock for FYI’s planned pilot plant; Define the first phase of feedstock material for specific grade and mineralogy; and Provide further samples for analysis to be included in the project database.
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