FYI Resources Completes RC Phase of Drilling Program

THE DRILL SERGEANT: FYI Resources Limited (ASX: FYI) has completed the first phase of a detailed metallurgical drilling program underway at the company’s 100 per cent-owned Cadoux kaolin project (EL/4673) in Western Australia.

FYI Resources said the combined RC and diamond drilling program was designed to meet several key technical project objectives and contribute to delivery of a robust bankable feasibility study for FYI’s integrated high purity alumina (HPA) strategy.

The RC component of the program has been completed and samples were prepared at site and sent for a series of tests including standard kaolin suite analysis to determine the element grades and quality as well as testing the in-situ moisture of the kaolin to determine specific gravity (mass) of the deposit and other characteristics of the kaolin chemistry in relation to refining of HPA.

FYI indicated that analysis of the results is pending and will be reported to the market once received.

A major purpose of the drilling campaign is to upgrade the project’s current Measured Resource to Proven Reserve status.

To provide further project information, six RC holes were extended to provide hydrological information to calculate the water supply for the onsite beneficiation process and to incorporate the hydrological results into the project environmental study and mine plan.

“The drilling went particularly well, and we are very interested in integrating all of the results and applying it to our on-going test work programs including the pilot plant,” FYI Resources managing director Roland Hill said in the company’s announcement to the Australian securities Exchange.

“We will also be incorporating the information into our BFS and broader mine plan and environmental and permitting studies.

“To expedite FYI’s HPA development timeline efficiently, the drilling will be utilised as the grade control determining the mining plan on the first phase of mining.

“The detailed drilling campaign is consistent with our strategy of delivering a world leading HPA project, with the lead into production being de-risked.”