{australien_flagge}As announced, FYI Resources Ltd (ASX:FYI; FRA:SDL) and Alcoa (NYSE: AA) this week launched the third round of pilot production. The series of four one-week pilot plant runs in total are designed to test refinements in process and operations to further optimize FYI’s innovative high purity alumina (HPA) refining process.
The success of the first two extended pilot plant trials has already further enhanced the development team’s understanding of the operating conditions of the process flow. The one-week trial now underway will feature similar operating conditions to the previous two trials, but with minor refinements. The trial will run around the clock from January 18 to 25.
The partners expect that the improvements in the process have the potential to reduce capital and operating costs and “add significant value to the project.”
In addition, the pilot operation of the HPA plant will serve to produce product samples needed for commercialization. FYI reminds that the pilot plant trials are not a condition precedent to the joint venture. FYI will keep the market informed of the progress of the third trial run and subsequent analytical results.
Summary: One is inclined to dismiss the collaboration between FYI and Alcoa on the third pilot production run as almost routine. But the trial runs with different parameters are designed to make large-scale production better and more cost-effective. The most important sentence in today’s announcement, therefore, is the suggestion that the partners certainly expect to reduce capital expenditures and improve operating costs yet again. That would fit perfectly with FYI and Alcoa’s goal of quality and cost leadership for HPA. They want to become the undisputed number 1 in the market.
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