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FYI Resources to utilise pilot plant for HPA development using funding from R&D tax rebate

FYI Resources Ltd (ASX:FYI) managing director Roland Hill updates Proactive Investors on the HPA developer feasibility work and recently-received R&D tax rebate. 
 
The company has received $300,000 of an expected $1.1 million which will assist in advancing its high purity alumina (HPA) strategy centred on its Cadoux Kaolin Project in WA.
 
Funding will be directed towards the development of a pilot plant, which will materially progress the proposed fully-integrated, low-risk, low-cost production of high purity 4N and 5N alumina products.

Quick facts: FYI Resources Ltd

Price: 0.07 AUD

ASX:FYI
Market: ASX
Market Cap: $14.89 m
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