Project Portfolio Overview

FYI is focusing on the development of long term strategic commodity projects. The target commodities are assessed on the basis of addressing increasing importance and future demand growth coupled against forecast supply shortfalls. 

The selection of our projects is a result of extensive technical evaluation and due diligence on the asset’s potential as well management's view on the development potential and as our target’s mine life is > 50 years, we consider the long term economic view of the commodity.


The Company has two principal target project areas being Thailand and Laos. The potential of both target areas is excellent given the ideal geological setting and demonstrated past exploration success.

FYI will focus on establishing and developing shallow high grade, large tonnage potash operations. Because of the natural technical and operational (including capex and opex cost) advantages that the target areas exhibit and have the ability to support, it is expected that the region will become a major competitor in the potash industry.

The off-take potential for the future production is very positive for both domestic and export markets. Thailand and Lao are in very close proximity to the world’s largest potash consumer markets. Additionally, both countries are agrarian based and have considerable internal potash consumption – of which 100% of the demand is currently imported.

Potash in Thailand

FYI has a number of project areas that it is intending to explore and develop in Thailand. The portfolio of projects focuses on the Khorat Basin, North-eastern Thailand. The project areas were selected on the basis of previous drilling campaign results and associated technical data. FYI’s project areas are located over demonstrated potash occurrences.

FYI’s attraction to the project areas include:

  • Demonstrated high grade potash occurrences (Carnallite and Sylvite)
  • Shallow mineral horizons relative to current global production
  • Lower projected project Capex and Opex costs (greater margins)
  • Immediacy to large domestic and global import markets

Potash in Laos

The Lao target project areas are located ~220km Southeast of the country’s capital, Vientiane, and are directly across the Mekong River from FYI’s main target project areas in Thailand.

FYI's attraction to the project area is:

  • Well defined production location - proximity to current trial production
  • Well defined potash geology
  • Historic drilling data confirming the presence of high grade, shallow potash
  • Excellent projected project economics
  • Good logistics and project support
  • Excellent operating environment and mineral law

High Purity Alumina

FYI is positioning to be a solution provider in the high purity alumina (HPA) industry by developing a fully integrated HPA processing facility.

Demand for high purity alumina has gained incredible acceptance and traction globally owing to growing technological advancements and increasing demand from applications such as LED lighting, electronic displays, automotive and medical products. This trend is expected to continue with growing adoption of HPA by end users and emerging technological advancements and subsequent demand.

The market for high purity alumina has witnessed tremendous growth during the past few years and is expected to grow at a compound annual growth rate of 20.5%*  in terms of volume, during the analysis period. Increasing penetration of LEDs in the lighting market, newer applications of high purity alumina in smartphones, smartwatches and tablets, are significant factors driving the growth of the high purity alumina market. However, higher cost of production is expected to impede the high purity alumina market growth.

Allied Market Research: Global High Purity Alumina Market 2015 - 2022 Report (2016)