{australien_flagge}FYI Resources Ltd (ASX:FYI; FRA:SDL) has achieved an average purity of 99.9978% alumina in its second week-long HPA pilot tests with Alcoa of Australia. The average result is four thousandths above the results of the previous tests. An important indication of the improvement is that the variance of results has been reduced. Throughout the series of samples, high quality grades were obtained with purities ranging from 99.9983 % to 99.9973 % Al2O3. The highest impurity was 27.4 ppm. In the previous tests in Novermber 2021h atten the highest impurities were 43.3 and 31.1 ppm, respectively.
Pictures of the pilot plant in operation – Second week of the joint extended production test.
The excellent results of FYI and Alcoa’s joint HPA trial production demonstrate the process efficiency of the process. The robust test results support the development goals of FYI and Alcoa’s HPA project.
Commenting on the results, Roland Hill, FYI’s general manager, said, “The recent results are very encouraging as we test different variations of operating conditions. Our common goal is to continuously improve and optimize the HPA flowsheet by taking lessons learned from previous pilot plant trials and integrating them into the process design. The recent test results demonstrate the incremental progress in process flowsheet achieved through joint development, as well as the incremental improvement in the overall value of the project.”
Hill confirmed, when asked, that a blend of Cadoux deposit material and Alcoa material had been used in the testing. He said work is continuing to optimize this blend ratio. The third extended pilot plant trial will start on January 17, 2022. This trial will again focus on refining the flowsheet and generating HPA products for customer evaluation purposes.
Bottom line: FYI and Alcoa are making good progress. The fact that the variance of results at the highest level has been reduced again can be taken as an indication that the two partners are getting an even better grip on the process. All results are just below the 5N mark, although good money can be earned even with 4N. At the very least, FYI/Alcoa have built up a nice safety cushion for the production of 4N. With their consistent and transparent results, FYI and Alcoa are distancing themselves from the competition. Sooner or later, this will be reflected in the share price.
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