The 2021 Feasibility Study demonstrates excellent investment returns.
In April 2021, FYI released an updated feasibility study for the production of high quality HPA using our innovative flowsheet which demonstrated the project’s technical merits and outstanding investment metrics.
Following the signing of an MoU with Alcoa in August 2020, the companies signed a binding term sheet in October 2021 for the joint development of the HPA project including the funding commitment of Alcoa up to US$243m capital expenditure to earn 65% of project equity.
Our strategy is built upon core principles
Developing an integrated HPA project with the goal of becoming a leading producer of quality
Innovative and efficient flowsheet demonstrated through rigorous R&D and Pilot Plant testwork and validated by positive Tier 1 Market response
Tier 1 jurisdiction Fully integrated Validated HPA Infrastructure Ethical source Low carbon print Single source provenance
Multiple growth markets: LEDs and EVs are driving a significant rise in demand for HPA
DFS confirms compelling NPV & IRR long-life operation with industry-low opex and capex,
Robust HPA strategy culminates in an excellent DFS and technical and funding support from Alcoa
“Major Project Status (MPS) is granted as the Project contributes to the growth of the clean energy sector in Australia”
– Federal Minister for Industry, Science, Energy and Resources
“Your HPA project is a great example of Western Australia moving further up the battery minerals value chain”
– Premier of Western Australia