FYI Secures A$80m Financing; Delivers Robust DFS for HPA Strategy and Upgrades Cadoux Reserves
Highlights
:• FYI secures A$80m strategic project development equity financing facility for HPA project
• FYI developing innovative Integrated HPA project to produce 8,000 tpa
• Outstanding DFS outcome - results within 5% of PFS key metrics
• HPA strategy delivering into strong market fundamentals • Project designed to meet demand growth of ~ 17% CAGR
• Initial mine life of more than 50 years / DFS is modelled on 25 years project life
• Conventional technology and equipment selection
• DFS demonstrates projects outstanding financial metrics
• Forecast after-tax results: o NPV (@10%) of US$543m o IRR 46% o Project payback of 3.6 years • Total operating cash cost of US$6,217 per tonne HPA produced
• Competitively positioned project capex of US$189m or US$23,575/t installed capacity
• Pilot plant demonstrates FYI’s excellent HPA purity and quality specification
• FYI’s HPA project is fully integrated and guaranteed provenance of ethical, responsible and sustainable product production
• Equity financing facility of A$80m significantly reduces project risk
