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FYI Resources Ltd.
Summary
| Project: | Cadoux | |
|---|---|---|
| Deposit: | Cadoux | |
| Location: | Australia | |
| Commodities: | Kaolinite | |
| Date: | 6/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2017: FYI Resources Ltd. announces an Exploration/Drilling Update report for its Cadoux deposit at the Cadoux project. Drilling results incl. 3m @ 33.15 Al2O3 from 17m. FYI Resources’ (the “Company” or “FYI”) is pleased to announce the results of the | |
| Resources: | (Resource, Inf.): 10.47Mt @ 11.25% Al, (at -45 microns) | |
| CP/QP: | [Overall Report]: Andrew Kohler (Strategic Resource Management) | |
| ABSTRACT: | FYI Resources’ (the “Company” or “FYI”) is pleased to announce the results of the laboratory assays from the recent drilling program at the Cadoux kaolin project in Western Australia. Following the recent successful drilling program (see FYI ASX release dated 22 May 2017), the site project geologist, Mr William Witham, commented that the program intersected high quality kaolin characteristics from which mineralised samples were submitted to Bureau Veritas in Perth for standard kaolin suite analysis (total acid digest and Inductively Coupled Plasma (ICP) Mass Spectrometry) to determine the element grades and quality (impurities and whiteness). The analysis confirmed the high grade and purity of the kaolin which is essential for high purity alumina (HPA) processing, as well providing valuable chemical composition data for the metallurgical test work that is to follow. A total of 58 aircore holes for 1,023 metres were drilled. An independent geological consultant has been engaged to update the Cadoux Mineral Resource estimate. This revised statement will be released once completed. Based on the assay results, the metallurgical test work will now proceed to determine the optimal processing route for the production of high purity alumina. On reviewing the assay results, FYI Managing Director, Mr Roland Hill said “The recent laboratory results are particularly pleasing as it confirms our view that the quality of the Cadoux kaolin has excellent feedstock characteristics for HPA processing. We will now focus on the metallurgical test work and anticipate positive results including confirming that commercial HPA can be generated from our high grade kaolin”. | |
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