FYI Resources (ASX:FYI) achieves ‘landmark’ results from Joint Extended HPA trial

Highlights

• FYI Resources has received outstanding results from the third week of extended HPA pilot plant operations conducted in partnership with Alcoa of Australia.
• The results obtained by FYI from week three of the extended pilot plant trials are consistent with the previous HPA trial outcomes.
• The week-long campaign conducted by FYI in collaboration with its JV partner Alcoa of Australia accomplished purity from 99.999% to 99.997% Al₂O₃.
• With the completion of the pilot plant operational phase, FYI will now concentrate its focus on the engineering phase.

Australia-based High Purity Alumina (HPA) player FYI Resources Limited (ASX:FYI; OTCQX:FYIRF; FSE:SDL) has moved one step closer to the commercialisation of the HPA project.

In a positive market update, the HPA player announced that the Company has received outstanding results from the third week of extended HPA pilot plant trial operations, undertaken from 18-25 January 2022. The week-long campaign conducted by FYI in collaboration with its JV partner Alcoa of Australia accomplished purity from 99.999% to 99.997% Al₂O₃.

Triggered by the update, shares of FYI Resources jumped as much as 5% during an intraday trading session to trade at AU$0.310 per share.

Data Source: Company Announcement (14 February 2022)

Also Read: FYI Resources (ASX:FYI) makes headway in the alumina industry

Outstanding high-level Glow Discharge Mass Spectrometry results

The results obtained by FYI from week three of the extended pilot plant trials are consistent with the previous trial outcomes. The resource player has received outstanding results from all three extended pilot plant trials.

The purity of the HPA was confirmed via analysis using high-level Glow Discharge Mass Spectrometry (GDMS) to provide independent, high accuracy confirmation.

Source: Company Announcement (14 February 2022)

The high-quality results support the progressive development of the HPA project, which uses an innovative and efficient HPA process flowsheet design.

Relevant Article: FYI Resources (ASX:FYI) steps into second phase of HPA trials

Key takeaways from pilot plant analysis

The pilot plant analysis shows a definite increasing trend in the following:

Data Source: Company Announcement (14 February 2022)

The demonstration of measurable quality improvements over the extended pilot plant trial period is represented in the form of the graph below. Significant improvements have been achieved on the back of various operational refinements.

Data Source: Company Announcement (14 February 2022)

What’s Next?

With the objectives of the pilot plant trial successfully achieved, FYI and Alcoa stated that the final pilot plant trials in the series are no longer warranted, as per the agreement. With the completion of the pilot plant operational phase, increased development focus and project resources will now be turned to finalise the engineering phase, so that the HPA project inches closer towards commercialisation.

Related Article: FYI Resources (ASX:FYI) embarks on extended HPA pilot plant trial