FYI managing director Roland Hill said: “Cadoux’s maiden ore reserve, estimated by Orelogy Consulting, has a probable ore reserve estimated at 2.89 million tonnes grading 24.4% Al2O3 and is a significant step forward in the development of our HPA strategy and provides an excellent quality benchmark for our future operations.
“The ore reserve estimate affords FYI confidence in the quality and characteristics of the in-ground kaolin at Cadoux and how that translates into a superior and consistent quality feedstock for the HPA processing and refining.”
Hill added “The Cadoux kaolin ore reserve estimate should be capable of supporting HPA production for more than 50 years and potential additional project revenue opportunities have been identified from by-products derived from processing the kaolin.
“We are very pleased with the source and also in the upgraded confidence in the estimation due to its importance to our overall HPA strategy.”
