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FYI Resources Ltd

FYI Resources director buys shares on-market

The company is positioning itself to be a significant producer of high purity alumina (4N or HPA).

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FYI is progressing positively with its BFS and pilot plant production studies

FYI Resources Ltd (ASX:FYI) non-executive director David Sargeant has purchased 58,162 shares in the company through on-market trades.

The purchase increases his total holding in the company to 3.58 million shares.

Shares in the company last traded at 5.9 cents.

READ: FYI Resources nearing completion of construction of HPA pilot plant

Last week, the company noted its pilot plant program was nearing completion of construction, with test-work results expected by the end of June.

FYI is currently completing the implementation stage for testing of feedstock for the production of kaolin to high purity alumina (HPA) from its 100%-owned Cadoux Kaolin Project in Western Australia.

Proactive caught up with FYI earlier this month for an update.

Quick facts: FYI Resources Ltd

Price: $0.05

Market: ASX
Market Cap: $9.57 m
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2 min read