FYI completing high purity alumina study

Perth materials technology group FYI Resources (ASX: FYI) is completing a definitive feasibility study for the development of a high purity alumina plant to feed global battery industries.

The company is planning a $238 million plant to produce 8,000 tonnes per annum of HPA over 25 years based on its Cadoux, WA kaolin resource.

HPA is a high value, versatile material used in lithium-ion battery technologies as a coating for separators.

Managing director Roland Hill told the company’s annual general meeting that work was underway to de-risk the project.

This involved further pilot plant studies and test work to ensure quality control and assurance to produce an extremely high purity product.

The pilot plant has produced 99.9 per cent pure HPA.

FYI is studying a number of funding models to finance the project including a joint venture, equity investment or off-take contract.

Shipments of trial product and the completion of final designs for a mine and processing plant at Kwinana south of Perth are envisaged over the next six months.

Picture: FYI Resources

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