Summary
- FYI Resources (ASX:FYI) has recently unveiled robust findings from the detailed testwork undertaken by a European HPA market participant.
- The testwork results specify that the Company’s superior quality HPA product is of exceptional characteristics and quality, with ultra-low impurities.
- A detailed product and market testing were undertaken to establish a joint sales and distribution model for the Company’s HPA.
- Following the positive outcomes from this testwork, FYI plans to progress with further product acceptance testing and evaluation of its HPA material.
- The Company is anticipated to undertake further work to facilitate a suitable and more favourable qualification process.
Australia-based High Purity Alumina (HPA) developing company FYI Resources Limited (ASX:FYI) has recently unveiled robust findings from the detailed testwork undertaken by an HPA market participant. The results specify that the Company’s superior quality HPA product is of exceptional characteristics and quality, with ultra-low impurities.
Following the announcement of key results, FYI shares surged by over 5 per cent to $0.19 during the early trading session on 12 November 2020.
A leading Europe-based HPA marketing group conducted a detailed testwork on samples supplied by the Company to validate the aptness of FYI’s HPA for usage in established product applications. The samples comprised the Company-generated HPA material from its pilot plant trials.
Key Objectives of Testwork
A detailed product and market testing were undertaken by the HPA market participant to establish a joint sales and distribution model for the Company’s HPA. Besides, the testwork aimed at examining FYI’s HPA material for compatibility with both niche and general market applications, within current product sales lines of their established clients.
This series of testwork follows encouraging results from the initial trial samples that the Company delivered from the Stage One pilot plant production. Moreover, the testwork reflects the extension of studies previously conducted using larger sample volumes (20kg) that provided for a larger level of confidence and a wider range of tests.
To Read FYI’s Observations from Pilot Plant Trial, Click Here!
The latest series of testwork involved:
- proprietary product specification
- consistency of product
- detailed purity analysis
- evaluation of the morphology and characterisation of FYI’s HPA
- specialty milling of the Company’s HPA to appropriate size fractions for several market applications
The testwork further focused on testing and developing a defined product specification for multiple other prospective customers to fulfil their respective application requirements.
Encouraging Testwork Results
The testwork results confirm that the purity of FYI’s HPA material is well above standard and that the overall quality of the product is good and well within optimum product specifications. Besides, the findings indicate extremely low values of the deleterious elements like Na, Fe and Pb, which make the Company’s HPA very attractive.
Additionally, the detailed testing demonstrated that the elemental trace pattern for the Company’s HPA has a very close correlation to several existing HPA products. This signifies that the potential compatibility of FYI’s HPA is very high for multiple existing customers.
The testing further revealed the surprise morphology characteristics of the Company’s HPA material that possesses a significantly higher particle surface area and density in comparison to the conventional HPA product. This result is anticipated to provide commercial advantages to FYI in some specific applications that can improve the market attraction for the Company’s HPA.
Interesting Read: FYI Resources (ASX:FYI) Tapping Potential Opportunities in the HPA Market
Next Steps
Following the positive outcomes from this testwork, FYI has planned to progress with further product acceptance testing and evaluation of its HPA material. The Company expects details of the results of this work to be out in the next two weeks.
The phased evaluation and testing process ensure that FYI’s HPA material meets the specifications and requirements of the procuring customers. The Company is anticipated to undertake further work to facilitate a suitable and more favourable qualification process.
