PERTH (miningweekly.com) – The share price of junior FYI Resources on Wednesday increased after the company announced the trial production of high purity alumina from its pilot plant in Western Australia.
The pilot plant is scheduled to run continuously for seven days, on a 24-hour a day basis, to demonstrate the end-to-end processing of FYI’s high purity alumina process flowsheet.
“We are absolutely delighted to be starting trial production of high purity alumina from our purpose designed and built pilot plant. This occasion represents a major technical and corporate milestone in the commercialisation of the company’s high purity alumina strategy and is the culmination of a serious amount of dedicated and innovative thinking and effort to bring the plant to production,” said FYI MD Roland Hill.
“We have great confidence that the trial outcomes will validate our prefeasibility study results, and provide excellent data for inputs into our definitive feasibility study that is currently being compiled.”
The definitive feasibility study is based on a planned 8 000 t/y high purity alumina operation with a mine life of some 25 years.
The high purity alumina product produced at the pilot plant will be checked for quality control and assurance before being forwarded to end-user and customer groups with which FYI is in offtake discussions.
FYI shares were trading at a high of 5c a share on Wednesday, up from a low of 4.7c a share.