ASX announcement - pilot plant progress update
Please see attached announcement on FYI's pilot plant released to the ASX earlier today.
With the increasing importance and demand of high purity alumina (HPA) as a key input material into the high growth electric vehicles battery and static power storage sectors, FYI has a corporate objective of addressing this market through an alternative and innovative processing route to the current supply source (bauxite).
FYI is approaching this objective in a cautious and and considered manner, ensuring that that our pathway to commercialisation of the innovative process flowsheet results in a world class, efficient, cost effective and reliable production and is competitive in the developing HPA market.
FYI's development work, culminating in the PFS, has highlighted that our innovative process provides and excellent quality product as well as a superior economic case for investment. The pilot plant that the Company is currently constructing is intended to provide additional technical, operating and equipment selection information to enhance our understanding of our HPA process and to provide a critical de-risking phase to the strategy. We believe that this will be a differentiating and distinct advantage in terms of product selection by customers and end users.
If you have any questions or would like to discuss any aspect of this article or indeed about FYI's HPA strategy, please do not hesitate to contact me or visit our website for further details http://www.fyiresources.com.au/.
Regards
Roland Hill
Managing Director
FYI Resources Ltd
+61 414 666 178
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