leadf
logo-loader
viewFYI Resources Ltd

FYI Resources starts further HPA trial production to support requests from potential customers

The production will incorporate product finished to specialty specifications requested by several parties

FYI Resources Ltd - FYI Resources starts further HPA trial production at pilot plant for detailed product qualification in bid to expedite long-term supply deals
The metallurgical technical team will operate the plant continuously over one week, producing at a rate of 1 kilogram per hour

FYI Resources Ltd (ASX:FYI) (FRA:SDL) has started additional trial production of high purity alumina (HPA) at its wholly-owned pilot plant facility in Welshpool, WA, after receiving requests for detailed production qualification.

This trial production will incorporate product finished to specialty specifications requested by several parties and is expected to expedite long-term supply agreements for its products.

The company said it would deliver larger size samples to selected potential offtake parties.

Dual purpose

FYI managing director Roland said: “We are delighted to recommence HPA pilot production. This campaign will have the dual purpose of confirming design criteria for our innovative process flowsheet and importantly also for generating additional HPA trial product for customer assessment purposes.

“This stage of works continues to provide de-risking of the project and further demonstrate our HPA production capabilities using conventional processing technologies.

“We are confident that in combining our innovative process flowsheet and next-generation understanding and development of the HPA product that we are working towards a sustainable and economically competitive advantage.

“Importantly, the continued pilot production study demonstrates the consistency and quality of the product in line with the targeted lowest quartile cost production based on the recent DFS estimates.”

Shares higher

Shares have been as much as 13% higher to 6.2 cents intra-day.

FYI will continue to provide updates on the pilot plant production and outcome deliverables.

HPA is a critical material in multiple growth applications, including lithium-ion batteries and LED applications.

Pilot plant production

FYI’s metallurgical technical team will operate the plant continuously (24/7) over one week, producing at a rate of 1 kilogram per hour.

The pilot plant replicates FYI’s HPA flowsheet that has been engineered after two years of detailed development studies designed to produce high-quality HPA at bottom quartile operating and capital costs.

The generated HPA product is expected to be consistent with recovery and efficiency parameters of samples delivered in the stage one piloting phase, with an average target grade exceeding 99.995% Al2O3.

In working closely with a number of potential customer groups towards developing commercial offtake agreements, FYI will incorporate specially requested finishing processes to half of the HPA material to meet specific product specifications for particular applications to facilitate a more favourable and expedient qualification process.

The product finishing will be conducted under controlled environment to maintain product purity and quality by one of FYI’s project development partners, a leading participant in the HPA industry.

Quick facts: FYI Resources Ltd

Price: 0.235 AUD

ASX:FYI
Market: ASX
Market Cap: $57.47 m
Follow

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 FYI Resources Ltd named herein, including the promotion by the Company of FYI Resources Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

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