Proactive Investors - Run By Investors For Investors

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

The primary aim of the drilling program is to elevate the standard of input data to increase the technical and metallurgical understanding of the kaolin feedstock and assist in refining the process flowsheet design.
FYI Resources to target deposit definition with drilling program at Cadoux Kaolin Project
The drilling is expected to take one week to complete

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.

View full FYI profile View Profile

FYI Resources Ltd Timeline

Related Articles

Map of Queensland, Australia
February 28 2019
A recently published preliminary economic assessment shows an after-tax net present value of A$124 million and an internal rate of return of 24%
A map of Torrens ground's proximity to high-profile mining deposits in the Olympic Dam province
April 03 2019
The company holds the Torrens project with Aeris Resources, a copper producer at the Tritton operations in NSW.
vein graphite
March 27 2019
The company is exploring and developing graphite mines in historic jurisdictions in Sri Lanka
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use