Ann: FYI Conditionally Awarded $3M WA Government Grant, page-2

FYI Managing Director Roland Hill commented “We are very pleased to receive selection confirmation for funding by the Western Australian Government under the IAF scheme. The grant will allow us to continue the development of the HPA project and the advanced and innovative technologies. FYI has demonstrated the technical viability of the HPA project and is now setting about demonstrating its commercial potential. FYI is at a crucial step in positioning as a sustainable, integrated HPA producer and the IAF funding will contribute significantly to accelerate the project development.”

FYI recently outlined a re-scoped and re-engineered development schedule for a small-scale production / demonstration plant (SSP) proposed to be located at Kwinana, WA to further de-risk and optimise the commercialisation phase of its flagship HPA project development. The SSP will enable FYI to produce bulk samples for prospective customers’ testing and qualification. The plant’s design capacity is targeted at >1,000 tpa high quality HPA. The SSP will enable process optimisation and testing for final HPA product development and also serve as a testing and training facility. The proposed location will have key engineering design advantages to allow for possible phased modular production increases”.

Not sure what to make of this. Wondering whether others feel the same, that it's really time for a bigger picture review of operations, and the proposed SSP to be sizeably increased to attract the big end of town?