- After a phenomenal share price climb yesterday, FYI Resources (FYI) has commenced a key trial at its high purity alumina project in Western Australia
- Rising more than 55 per cent during trading on Monday, FYI have now shot up more than 225 per cent since the month began, as investor interest shifts to the tech-crucial HPA sector
- On the heels of the strong market performance, the company’s latest one-week trial will examine the proposed product and process flowsheet at the its HPA pilot plant
- FYI hopes the new trial will help further improve the purity of its alumina, as well as specialise the product to meet the latest developments in the battery metals sector
- FYI Resources closed 55.26 per cent in the green for 30 cents per share
After a phenomenal share price climb yesterday, FYI Resources (FYI) has commenced a key trial at its high purity alumina project in Western Australia.
Rising up more than 55 per cent during trading on Monday, FYI have now shot up more than 225 per cent since the month began, as investor interest shifts to the HPA sector, which is integral to many emerging technologies such as electric vehicle batteries, smartphone and television screens.
On the heels of the strong market performance, the company’s latest one-week trial will examine the proposed product and process flowsheet at the its HPA pilot plant.
This new trial follows two previous studies at the plant, which detailed the purity and characteristics of the resulting alumina. FYI hopes to further improve and optimise the HPA, modifying it to meet potential customer requirements.
Specifically, the company hopes to tailor the resulting HPA to the latest advances in the electric battery sector, as well as improve the plant’s capital and operating expenses, moving forward.
Managing Director of FYI, Roland Hill, said the company was particularly excited about conducting this trial run.
“These trials are not a full pilot plant production run, however, it will be an interesting precursor to the full pilot plant run that is planned for next quarter,” he said.
“Our test work and pilot plant trials to date have translated into successful key project development improvements. We see the HPA production data resulting from this trial as potentially taking FYI one step closer to the alignment with our potential off-take parties and our eventual project commercialisation objectives,” he added.
FYI Resources closed 55.26 per cent in the green for 30 cents per share.