leadf
logo-loader
viewFYI Resources Ltd
(
ASX:FYI
)

FYI Resources seeks to leverage growing HPA market with 4N-standard products

FYI Resources Ltd (ASX:FYI) managing director Roly Hill speaks to Proactive Investors about the company’s recent metallurgical test work of feedstock from its Cadoux Kaolin Project in Western Australia, which aims to produce a high purity alumina product suitable for battery applications.

Independent metallurgical testing has confirmed company’s flowsheet has exceeded the target grade of 99.99%, the required grade for 4N standard alumina products, and leaves room for potential expansion to higher-grade 5N products.

“[The] market sits around about 25,000 tonnes per annum demand. Independent research has suggested that that’s going to grow dramatically, around 17% per annum year-on-year,” Hill says.

He continues, "we're anticipating some good growth in this market and it's certainly a product that some investors who are investing in battery-related commodities should look at. It’s a critical part to batteries and certainly has a broader base anyway."

Quick facts: FYI Resources Ltd

Follow
ASX:FYI

Price: 0.68 AUD

Market Cap: $237.43 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

FYI Resources outlines collaboration with EcoGraf to develop enhanced anode...

FYI Resources Ltd (ASX:FYI)'s Roland Hill speaks to Proactive soon after signing a Memorandum of Understanding with emerging graphite producer EcoGraf Ltd (ASX:EGR, OTCQX:ECGFF) to develop high purity alumina doped carbon coatings material for application in the burgeoning lithium-ion battery...

1 week, 5 days ago

2 min read