- In collaboration with Alcoa, FYI Resources (FYI) develops pilot plant trial samples achieving an average of 99.99 per cent aluminium oxide purity in first week of trials
- The company says its high purity alumina (HPA) meets operational and quality expectations and demonstrates the effectiveness of FYI’s refining process
- It also says the positive results contribute to the further improvement of the process flowsheet and potential increase in the overall project economics
- Week two of the trials has been completed with independent analysis to take place, week three and four of the trials will likely be scheduled for January
- Shares have been trading up 4.84 per cent at 32.5 cents
In collaboration with Alcoa, FYI Resources (FYI) develops pilot plant trial samples, achieving an average of 99.99 per cent aluminium oxide purity in the first week of trials.
The company says its high purity alumina (HPA) meets operational and quality expectations and demonstrates the effectiveness of FYI’s refining process.
Week one of the trial took place from November 16 to 23 of this year, with samples across all stages analysed by EAG Laboratories in New York. The analysts used high-level glow discharge mass spectrometry to confirm the grading of the HPA.
FYI believes these positive results contribute to the further improvement of the process flowsheet and potential increase in the overall project economics. Week two of the trials has now been completed, with independent analysis to take place.
Trials three and four will be scheduled for operations in January 2022 and will focus on
product generation for customer assessment purposes.
Shares were trading at 32.5 cents, an increase of 4.84 per cent, at 11.00 am AEDT.