Proactive Investors - Run By Investors For Investors

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.

View full FYI profile View Profile

FYI Resources Ltd Timeline

Related Articles

January 22 2019
The company hopes to establish a nickel development on Cathedrals Belt, an exploration area it majority owns.
A 3D model of Black Rock Mining’s flagship project in Tanzania
April 17 2019
The company is aiming to start production of graphite from its Tanzanian project in 2020.
October 20 2018
Montero Mining already has an attractive lithium portfolio in Namibia

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use