Ann: Mining Lease Granted for Cadoux Project, page-6

FYI receives mining license in record time

Where there is a will is not just a way, but you can get there faster.In record time, FYI received its mining license for the mining and processing of kaolin at the Cadoux project 200 kilometers north of Perth.

Instead of the usual 12 to 18 months, the approval took just over six months.Two things should have sped up the process.First, the positive attitude of the Western Australian authorities regarding battery resources, and second, the fact that Cadoux is on a so-called "Free Hold Land".The term "free hold" implies the highest protection of private property rights.An important element of the approval was the examination and subsequent approval with regard to all environmental, hydrological and social aspects.