Sargeant bought 484,444 shares for $29,066, increasing his overall holdings in the company to 4.48 million shares.
This is Sargeant’s third purchase in as many weeks and he is not the only board member buying shares with managing director Roland Hill also recently buying shares in the company.
In mid-late May 2019, FYI updated that its pilot plant program was nearing completion of construction, with test-work results expected by the end of June.
The pilot plant will test kaolin feedstock from its 100%-owned Cadoux Kaolin Project in Western Australia with the aim to turn it into HPA.
The pilot plant is located in Welshpool, Western Australia and has been designed and engineered to produce high quality, ultra-pure 99.99% (4N) and 99.999% (5N) alumina (Al2O3) for the fast-growing high specification HPA market.