- FYI Resources enters the third phase of the extended HPA pilot plant trial with Alcoa.
- The Company has received outstanding results from the initial two phases of the trial run.
- The current phase of the trial run is intended to further enhance and optimise the innovative HPA refining process.
Shares of FYI Resources Limited (ASX:FYI; OTCQX:FYIRF; FSE:SDL) jumped 6% on Tuesday to trade at AU$0.440 per share following an announcement on FYI's High Purity Alumina (HPA) project.
In an upbeat market update, the company announced the commencement of the third extended pilot plant campaign. The ongoing pilot plant trial run campaign is being undertaken by the Company in collaboration with Alcoa of Australia with a goal to develop and commercialise the HPA project.
The commercialisation of the HPA project will enable FYI to position itself as a significant producer of 4N and 5N HPA in rapidly developing high-tech product markets.
Third week of Joint HPA Extended Pilot Plant Trial
As per the company’s update, the third trial run is conducted from 18 January to 25 January 2022. The one-week-long extended pilot plan series is designed to integrate various process and operating refinements, intended to further enhance and optimise the innovative HPA refining process.
Source: Company Announcement (10 January 2021)
The current phase of the trial run will have similar operating conditions as the previous two trials with minor tweaks to provide different operating objectives variability and optimising testwork. The successful completion and results obtained from the initial two phases of the trial run enhanced the team's understanding related to operating conditions of the process flowsheet.
Relevant Article: FYI Resources (ASX:FYI) steps into second phase of HPA trials
Series of four, one-week pilot plant trials
The overall four series of one-week-long pilot plant trials are expected to add significant value to the project through flowsheet enhancements. The improvement in the process will also lead to reductions in capital and operating costs.
Related Article: FYI Resources (ASX:FYI) embarks on extended HPA pilot plant trial
FYI had received outstanding results during the initial two phases of the extended pilot plant campaign. The current series of extended pilot plant trial runs is important to the joint development marketing program by producing the proposed commercial product of HPA.