FYI Resources (ASX: FYI) starts HPA production run for potential customers - Kalkine Media

Highlights

• FYI Resources is undertaking high purity alumina (HPA) pilot plant production runs in Perth.
• As per FYI, the development follows requests from potential customers and reflects the demand for its high-quality HPA.
• The company expects to dispatch the final HPA material to prospective clients by end of the first half of 2023.

FYI Resources Limited (ASX: FYI, OTCQX: FYIRF) has commenced an extended production run of high purity alumina (HPA) at its wholly owned Western Australia located pilot plant in Perth.

The product produced will be supplied to potential customers as the company has been receiving requests for follow up samples.

The development, FYI says, reflects the demand for its high-quality HPA. The company expects to dispatch the final material by June 2023.

FYI Resources Managing Director Roland Hill commented: “With FYI now back in control of our HPA development, we are undertaking these HPA pilot plant production runs in response to end user requests that demonstrates the demand for our high quality HPA.

We see this production run as being a critical piece in addressing potential customer product assessment needs as the results may lead to further development commitments. As a company, we are committed to the development of the HPA project and will continue to address potential customer product specifications as a fundamental function of our project development and project value growth."

Production of HPA Market Samples

The company received requests for follow up samples produced to particular specifications by certain end users. As a result, FYI is producing HPA for quality and purity assessment requested by potential customers.

The company is applying its innovative process flowsheet for the HPA production.

It is to be noted that the development follows nearly 12 months of pilot plant testwork and flowsheet optimisation.

The product samples are likely to be dispatched to potential customers by end of the first half of 2023.

Backed by product samples, the company expects advanced negotiations with potential customers.

Major plans ahead

The company plans to undertake specialised calcining testwork, as part of the trials after the production run.

This testwork will be designed to determine various product finishes improving the suitability of the company’s product in certain customer applications. The calcining finishing work is directed at addressing growing customer demand in emerging markets identified by the company.

As part of the production run, the company will also direct a portion of the HPA produced towards specialised finishing, to be wrapped up by the end user. This development is likely to be completed in the month of May this year.

It will be deployed as a separator ceramic coating in lithium-ion batteries designed for the electric vehicle market.

Via a defined project engineering pathway, FYI Resources says that the ASX-listed emerging critical mineral company remains committed to advancing its project strategy through to commercial production.

FYI shares traded at AU$0.070 in the early hours of trade on ASX on 23 March 2023.