FYI Resources Ltd (ASX:FYI, OTCQX:FYIRF) MD Roly Hill tells Proactive the companys acquisition target – Minhub Operations – has partnered with international engineering giant IHC Mining to spearhead initial test work and engineering studies for the proposed mineral processing plant at the Minhub Rare Earths-Zircon Project in the Northern Territory. IHC has been appointed to manage project studies and undertake metallurgical test work, process flowsheet design and detailed engineering. The testing and studies will initially consider the processing of three third-party mineral sands feedstocks (monazite and xenotime) which contain significant rare earths.
Hill said: Having a high calibre international engineering firm such as IHCM commence the initial Minhub project studies on behalf of FYI/MOPL and project partner Arafura Rare Earths Ltd provides the project with significant development benefits resulting from IHCMs extensive operational experience, metallurgical and engineering capabilities and track record of successful projects.
We look forward to working closely with IHCM on our unique downstream rare earths production project.
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FYI Resources Ltd
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