FYI bags $250,000 R&D incentive rebate for developing process design to refine HPA
FYI Resources Limited has reportedly received R&D tax incentive rebate payment of $250,000, which is meant for the expenditure on the development of innovative process design to refine high purity alumina (HPA) from aluminous clay known as kaolin.
Kaolin for the proposed high purity alumina (HPA) refinery will be sourced from FYI’s 100 per cent owned Cadoux Kaolin Project in Western Australia.
In early October, FYI announced that it received successful results from its recently completed HPA pilot plant trial. As per the firm, the plant operated trial run continued from October 2 to October 9, of which the results averaged 99.995 per cent Al2O3, well above the company’s target grade of 99.99 per cent Al2O3.
The results also demonstrated operational improvements in the plant that would be applied to the process flowsheet and commercial refining facility.
“We are really happy with the outcomes of our trial production run from our purpose-built HPA pilot plant,” said FYI managing director Roland Hill in a statement.
The pilot plant also played a critical role in the validation of the company’s HPA flowsheet.
source: ALCIRCLE.COM
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