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FYI Resources Ltd.
Summary
| Project: | Cadoux | |
|---|---|---|
| Deposit: | Cadoux | |
| Location: | Australia | |
| Commodities: | Kaolinite | |
| Date: | 5/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-5-2017: FYI Resources Ltd. announces a Resource Estimation report for its Cadoux deposit at the Cadoux project. Initial resource estimate for Cadoux Project. FYI is fully committed to progress its Southeast Asian potash strategy and in particular contin | |
| Resources: | (Resource, Inf.): 10.47Mt @ 11.25% Al, (at -45 microns) | |
| CP/QP: | [Resources]: Andrew Kohler (Strategic Resource Management) | |
| ABSTRACT: | FYI is fully committed to progress its Southeast Asian potash strategy and in particular continuing the reviews and joint venture negotiations on the Sino-Lao Potash project in Laos. However, whilst the potash strategy is continuing, FYI proposes to pursue a high purity alumina development opportunity in Western Australia through the purchase of 100% of the shares of Kokardine Kaolin Pty Ltd (“Kokardine”). Kokardine has been evaluating a vertically integrated HPA production strategy through the mining of kaolin from their wholly owned kaolin resource in Western Australia then processing the feedstock directly into high purity alumina (Al2O3). High purity alumina is used in many high-tech markets such as batteries, sapphire glass for phone and television screens, and LED lights. The preferred processing facility site would be in Western Australia, the location of which is expected to be confirmed in a prefeasibility study to be undertaken by FYI. The Cadoux kaolin project area lies within easily accessible and flat lying countryside. There is no outcropping, however, recognizable granitoid fragmental rocks are sometimes present just below the surface. revious drilling at the project revealed a weathering profile which is common in Western Australia with the granitoid rocks being deeply weathered forming a leached, kaolinized zone under a lateritic crust. Laboratory analysis shows particle size distributions are typical of “primary style” kaolins produced from weathered granites. All of the current kaolin resource is within 4 to 11 metres of the surface. | |
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