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FYI Resources managing director Roland Hill acquires more shares

The company is aiming to export high purity alumina for the expanding tech and battery-related markets.

ASX boards
On-market purchase of 176,607 shares for $10,000

FYI Resources Ltd (ASX:FYI) managing director Roland Hill has demonstrated confidence in the company’s high purity alumina (HPA) strategy by an on-market purchase of 176,607 shares for $10,000.

This brings his total holding (direct and indirect) in FYI to 11,631,632 shares.

READ: FYI Resources investigates HPA markets in East Asia, advances offtake negotiations

The company recently progressed the commercialisation of its HPA product through a follow-up marketing trip to HPA consumers in Asia.

Meetings were held with industry participants in China, Japan and South Korea and FYI confirmed its Cadoux HPA aligns with a market supported by a premium price and strong demand for new supply sources.

FYI’s strategy is to mine and beneficiate kaolin on-site at its Cadoux project in Western Australia and transport the beneficiated aluminous clay to Kwinana for refining, before being exported to expanding tech and battery-related markets.

Quick facts: FYI Resources Ltd

Price: 0.055 AUD

ASX:FYI
Market: ASX
Market Cap: $11.7 m
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Full interview: FYI Resources DFS highlights low capital and operating costs...

FYI Resources Ltd (ASX:FYI) Roland Hill updates Proactive on the results of a definitive feasibility study that outlines a clear path forward to developing an integrated HPA business incorporating Cadoux Kaolin Project and Kwinana High-Purity Alumina (HPA) Project in WA.  Hill said the...

on 13/3/20

2 min read