Ann: FYI Resources to Develop HPA Pilot Plant, page-42

- In the webinar, Roland Hill explained the results of the published pre-feasibility. He literally called the results "second to none." In terms of cost-effectiveness, FYI is moving in the first quartile, says Hill.

- The FSO starts following the excellent economic results of the Pre-Feasibility Study (PFS) for Cadoux, which was released on September 25, 2018 at ASX.

FYI has engaged leading engineering consulting and contracting firm GR Engineering Services Limited to perform key components of the FSO in terms of equipment design, investment and operating cost estimation, and process and non-process infrastructure assessment.

- Proven ore reserve for more than 50 years

- FYI Resources uses tax rebate to build a pilot plant

Roland Hill considers the construction of a pilot plant a crucial step on the way to realizing the entire project. Literally, Hill said, "The results of the pilot plant will contribute significantly to the robustness and confidence in the project, as well as improving our ability to fund project capital. The fact that we are also funding the pilot plant through an advance on our anticipated tax rebate on research and development is beneficial to shareholders as it does not dilute while at the same time funding a crucial part of the project. "