FYI Resources Limited (ASX: FYI) FYI Resources aspires to be a producer of high purity alumina (4N or HPA) to meet the rapidly developing high-tech product market at the company’s Cadoux kaolin project in Western Australia. High-purity alumina (HPA) is a processed premium non-metallurgical alumina product characterised by its purity level — i.e. 99.99 per cent (4N), 99.999 per cent (5N). 4N HPA is a high-value product with many broad traditional applications and is increasingly becoming a critical component in the electric vehicle, battery and power storage markets. 5N is a sub-set of the HPA sector with smaller market applications that attracts a significant premium in pricing over 4N due to its use in very complex applications. As a component of ongoing Bankable Feasibility Study (BFS) test work and Locked Cycle testing, FYI recently produced an outstanding product grade of 99.999 per cent (5N) alumina. The test work was designed to provide data and information from the moderate temperature, atmospheric pressure HCl flowsheet process FYI has developed. FYI explained the results of the laboratory-based test, work as a ‘replication’ of its full scale (production sized) process design. “Achieving 99.999 per cent or 5N HPA is an extremely encouraging result,” FYI Resources managing director Roland Hill said. “Not only is it an incredible outcome to attain this level of purity, it also has a potentially profound impact on the overall project economics. “Whilst focusing on the 4N as the predominant HPA market segment, FYI sought to produce 5N HPA to demonstrate the flowsheet effectiveness, as well as to develop an additional product line that could supply a market that displays forecasted long-term growth at a significant premium to the 4N market.”
EMAIL info@fyiresources.com.au WEB www.fyiresources.com.au DIRECTORS Edmund Babington, Roland Hill, David Sargeant, Adrian Jessup
Ausgold Limited (ASX: AUC) Ausgold has a portfolio of quality gold projects spread across highly-prospective Australian minerals provinces. The company’s main project is its 100 per cent-owned Katanning gold project (KGP), located in one of the country’s underexplored greenstone belts, near Katanning in Western Australia. Recent RC drilling at Jinkas South intersected high-grade gold mineralisation, further extending the identified zone of high-grade mineralisation over a strike length of 350 metres. This high-grade mineralisation remains open along strike making it an attractive target with the potential to add to the 1.04 million ounces Ausgold has already identified at the KGP. Drilling is currently underway at the KGP with a program of EIS co-funded RC and diamond drilling testing near Resource targets at Jinkas South, Jackson and Lukin South. Although development of the Katanning gold project is Ausgold’s featured priority, the company has three other exploration projects in development, located elsewhere in WA and Queensland. The WA projects include the 100 per cent-owned, 176 square kilometre Doolgunna Station that hosts copper-gold Volcanic Hosted Massive Sulphide (VHMS) targets in the Narracoota Volcanics west along strike from the Degrussa deposit of Sandfire Resources (ASX: SFR). Still in WA is the 100 per cent-owned, 300sqkm Yamarna project, situated on prospective ground within the Yamarna greenstone belt. Limited drilling undertaken by Ausgold to date has already identified nickel-copper-cobalt mineralisation and several untested VTEM anomalies exist. On the eastern seaboard, the company is based in Queensland where it has the 100 per cent-owned 200sqkm Cracow project, located over the Camboon Volcanics with associated native copper. Rock chip samples taken at Cracow have returned grades up to 1.8 per cent copper and 5.5 grams per tonne silver north of Evolution Mining’s (ASX: EVN) Cracow deposit.
EMAIL email@ausgoldlimited.com WEB www.ausgoldlimited.com DIRECTORS Richard Lockwood, Denis Rakich, Neil Fearis, Geoffrey Jones
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