FYI Resources Ltd (ASX:FYI) managing director Roly Hill speaks to Proactive Investors about the company’s recent metallurgical test work of feedstock from its Cadoux Kaolin Project in Western Australia, which aims to produce a high purity alumina product suitable for battery applications.
Independent metallurgical testing has confirmed company’s flowsheet has exceeded the target grade of 99.99%, the required grade for 4N standard alumina products, and leaves room for potential expansion to higher-grade 5N products.
“[The] market sits around about 25,000 tonnes per annum demand. Independent research has suggested that that’s going to grow dramatically, around 17% per annum year-on-year,” Hill says.
He continues, "we're anticipating some good growth in this market and it's certainly a product that some investors who are investing in battery-related commodities should look at. It’s a critical part to batteries and certainly has a broader base anyway."