FYI 0.93% 53.5¢ fyi resources limited

Ann: FYI Achieves Outstanding Recovery of 99.999% Purity Alumina, page-24

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    “The process is capable of making 100 per cent 5 nines,” Mr Roland said.

    “All we need to do is essentially a few tweaks on the process without further capital.

    “4 nines will always probably be our staple product market focus, but if we can increase our margin slightly by producing the 5 nines without any added capital or opex then that’s a good thing.”

    With FYI confident it can produce such a high purity product, the company is now spending time finding the right buyers for its future production.

    “We’ve got a number of high-level negotiations and discussions going on so we hope that it’s going to be fairly soon,” Mr Hill said.

    “To fit into our normal development timeline we need those off-take MoUs done probably by the end of the September quarter.”


 
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