
After completing the preliminary feasibility study (PFS) late last month, FYI Resources has now reportedly commenced a bankable feasibility study (BFS) for its 100 per cent-owned Cadoux Kaolin Project in Western Australia. The company recently detailed a US$ 178 million capital cost for the project as well.

The company says it is now fully funded to complete the BFS.
Earlier, the preliminary feasibility study (PFS) was modelled on a 25-year old project life, which revealed construction forecast to commence in the fourth quarter of 2019.
Managing Director Roland Hill said: “The PFS demonstrates FYI Resources is in the attractive position with the potential of becoming a long-life, low-cost and high margin High-Quality Alumina producer.”
In regards to the commencement of bankable feasibility study, he said: “On the back of our recent trips to Japan, China, and South Korea, we now look forward to advancing discussions with industry players for potential offtake and financing and progressing the project towards the completion of a BFS in the first half of 2019 for which we are fully funded.”
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