{australien_flagge}Important progress at FYI Resources (ASX FYI / WKN A0RDPF): Following the end of its collaboration with Alcoa, the company has picked up the pace and has now already completed a new production run at its pilot plant in Western Australia, producing high purity alumina (HPA).
{australien_flagge}Important progress at FYI Resources (ASX FYI / WKN A0RDPF): Following the end of its collaboration with Alcoa, the company has picked up the pace and has now already completed a new production run at its pilot plant in Western Australia, producing high purity alumina (HPA).
The company said the end-to-end, 17-day production campaign produced large quantities of high-quality material intended for targeted product marketing to potential customers. In addition, samples of the new HPA material are also intended for certain end users who had requested special specifications.
FYI also announced that it was able to increase overall product output by 15% due to numerous improvements in the manufacturing process. These improvements, the company said, resulted primarily from changes in materials of construction and handling.
FYI has initially subjected the HPA now produced to several internal tests following the completion of the new test run of the production facility. According to the initial assessment of the production facility’s technical team, this indicates that this material is also in the upper range of product quality and purity achieved to date. Subsequently, however, the HPA product will also be independently tested for purity before going through the various finishing stages and samples will be shipped to potential customers for evaluation and qualification.
The company views this production run at its HPA facility as part of its long-term HPA strategy, as it is designed to meet specific product requirements from end customers with whom FYI says it has already established “strong relationships.”
FYI Resources Managing Director Roland Hill commented, “This small-scale production run through the pilot plant will allow FYI to analyze the performance efficiency of the process and optimize various aspects of the flowsheet. It also allows us to expand our relationships with potential customers by providing high quality HPA for qualification purposes to meet their specific needs. We will continue to complete the samples and ship to customers as soon as possible.”
Conclusion: It is good to see FYI Resources moving forward after the end of the cooperation with Alcoa and working on relationships with potential end customers with fresh HPA material. As we understand it, the improvements in the production process result at least in part from the knowledge and experience gained in the Alcoa collaboration. We are excited to see what the next steps are and what management plans for the future.
Risk notice: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, however, any liability for financial loss or the content guarantee for timeliness, accuracy, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
In accordance with §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of FYI Resources and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time which may affect the share price. Furthermore, GOLDINVEST Consulting GmbH is remunerated by FYI Resources for reporting on the company. This is another clear conflict of interest.
