Ann: FYI Achieves Outstanding Recovery of 99.999% Purity Alumina, page-25

FYI Resources works toward a September quarter BFS for kaolin project

The company’s share price is up on news of producing 5N (99.999%) high-purity alumina

A Cadoux Kaolin Project BFS is expected in late September quarter 2019 Funded pilot plant studies of Cadoux ore are due to be completed in late June quarter 2019 Process refinements are taking place before pilot plant studies are launched Test work successes announced yesterday show 99.999% (5N) high-purity alumina (HPA, Al2O3) can be produced from the company's process 4N purity (99.997%) has already been achieved Demand for HPA is expected to accelerate dramatically

Managing director & CEO Roland Hill highlights "world-class potential"

“Whilst focusing on the 4N as the predominant HPA market segment, FYI sought to produce 5N HPA to demonstrate the flowsheet effectiveness, as well as to develop an additional product line that could supply a market that displays forecasted long-term growth at a significant premium to the 4N market,” managing director & CEO Roland Hill said.

“Demonstrating the strong premium to the 4N market, Allied Market Research estimates 4N HPA product to sell in a range from US$30,000-$35,000/tonne in 2018-19 versus over US$50,000 a tonne for 5N.

“We believe the ability to generate such an ultra-high-purity product continues to demonstrate the Cadoux Kaolin Project’s world-class potential and we look forward to progressing discussions with possible end-use customers.”

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