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FYI Resources leveraged to HPA market that is growing based on new applications

FYI Resources Ltd (ASX:FYI) managing director Roly Hill speaks to Proactive Investors about the company's plans to mine and refine high-purity alumina (HPA) from the Cadoux Kaolin project in Western Australia.

"[We] have sufficient capital to complete our PFS, and then embark on our BFS. What we're aiming to do is really revolutionise the HPA production process... cut the capital costs and operating costs significantly, and address a growing market that is evolving essentially from new products such as LED lights and particularly the electronic vehicle market," says Hill. 

A pre-feasibility study is due to be completed within a fortnight, with bankable feasibility studies set to follow, and component metallurgical and engineering study results expected to be released as part of the process.

Quick facts: FYI Resources Ltd

Price: 0.049 AUD

ASX:FYI
Market: ASX
Market Cap: $10.43 m
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