FYI Resources (ASX:FYI) completes second HPA production trial

• FYI Resources (FYI) has completed the second trial of high purity alumina (HPA) production at its Pilot Plant in Welshpool, WA
• The Pilot Plant performed in line with expectations and design parameters and the company now hopes to commercialise its HPA product for the LED lighting and lithium-ion battery market
• However, the product samples must first be sent to the U.S. for quality analysis
• Once satisfied, FYI will forward between five and 20 kilograms of HPA to potential customers
• Company shares are up 6.06 per cent and are trading for 7 cents

FYI Resources (FYI) has successfully completed the second stage of high purity alumina (HPA) production from its facility in Welshpool, Western Australia.

The company’s Pilot Plant operated as expected which builds on the excellent operational performance during stage one operations.

FYI Resources conducted variability and materials construction test work during the pilot plant operations which further increased FYI’s knowledge of the flowsheet design and product behaviour during operations.

FYI will use this information to optimise efficiency improvements during operations and de-risk the process.

“We continue to demonstrate the effectiveness and efficiency of our low-cost, innovative process flowsheet using conventional processing technologies and in so doing continue to de-risk the project and crucially, demonstrate our HPA production capabilities to our potential partners and off-take groups,” Managing Director, Roland Hill said.

The HPA product will be checked for quality and samples will be sent to an independent lab in the U.S. for analysis.

Once satisfied, FYI will forward between five and 20 kilograms of HPA to potential customers to undertake further detailed qualification assessment. The company will direct the HPA to the LED lighting and lithium-ion battery industries.

“We are looking forward to fulfilling the HPA product orders and allowing potential customers to progress their respective qualification process using FYI’s high-quality alumina and to advance our off-take discussions,” Roland stated.

FYI is planning further pilot plant operations and test work as it expects further orders from potential customers.

Company shares are up 6.06 per cent and are trading for 7 cents each at 2:36 pm AEST.