New Risk • Jan 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.9m free cash flow). Earnings have declined by 9.6% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$14.8m market cap, or US$10.0m). New Risk • Jan 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.9m free cash flow). Earnings have declined by 9.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.8m market cap, or US$9.95m). Tillkännagivande • Oct 03
Cadoux Limited, Annual General Meeting, Nov 06, 2025 Cadoux Limited, Annual General Meeting, Nov 06, 2025. Location: at the royal freshwater bay yacht club, 1 hobbs place, peppermint grove, western australia, Australia New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.3m free cash flow). Earnings have declined by 10.0% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$17.4m market cap, or US$11.5m). New Risk • May 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.3m free cash flow). Earnings have declined by 10.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.5m market cap, or US$9.32m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • May 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.3m free cash flow). Earnings have declined by 10.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$15.2m market cap, or US$9.75m). Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Member of Advisory Board Phil Thick was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$5.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.3m free cash flow). Earnings have declined by 10.0% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$18.5m market cap, or US$11.7m). New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings have declined by 6.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$17.8m market cap, or US$11.3m). New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$16.7m market cap, or US$11.1m). Tillkännagivande • Oct 08
Cadoux Limited, Annual General Meeting, Nov 07, 2024 Cadoux Limited, Annual General Meeting, Nov 07, 2024. Location: royal freshwater bay yacht club, 1 hobbs place, peppermint grove, western australia 6011, Australia New Risk • Jul 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$24.9m market cap, or US$16.7m). New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$19.4m market cap, or US$12.8m). Tillkännagivande • Oct 28
FYI Resources Limited, Annual General Meeting, Nov 28, 2023 FYI Resources Limited, Annual General Meeting, Nov 28, 2023, at 10:00 W. Australia Standard Time. Location: Royal Freshwater Bay Y, 1 Hobbs Place Peppermint Grove Western Australia Australia Agenda: To receive and consider the Annual Financial Report of the Company and its controlled entities together with the Directors' Report, Directors' Declaration and the Independent Audit Report for the year ended 30 June 2023; to consider Adoption of Remuneration Report; to consider reelection of directors; to consider Approval of Additional 10% Capacity; to consider Approval of Change of Company Name and amendment to Constitution; to consider Adoption of Employee Securities Incentive Plan; and to consider other matters. New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$34.1m market cap, or US$22.8m). Tillkännagivande • Jun 07
Fyi Resources Limited Appoints Mr. Raj Kandiah as Head of Commercial FYI Resources announced the appointment of Mr. Raj Kandiah as Head of Commercial for FYI focusing on the Company's high purity alumina (HPA) project. Mr. Kandiah has more than 30 years' experience in senior commercial roles including most recently as Director of New Market Development for Alcoa Australia investigating high purity alumina. Other roles include General Manager at Argyle Pink Diamonds, General Manager - Global Marketing (Alumina, Aluminium, Iron Ore, Coal) based in Perth for Rio Tinto, and senior executive roles for various Australian listed and unlisted iron ore, bauxite and steel scrap companies. Mr. Kandiah holds a Bachelor of Science (Chemistry) from Deakin University and a Master of Business Administration (Executive) from the Australian Graduate School of Management (AGSM) and is a graduate of Australian Institute of Company Directors (GAICD). He is currently studying for a Master of Sustainable Development at Murdoch University. Tillkännagivande • Jan 25
FYI Resources Limited Reports Progress in High Purity Alumina Project, Advancing in Collaboration with Joint Development Partner, Alcoa of Australia FYI Resources reported progress in its high purity alumina project, advancing in collaboration with joint development partner, Alcoa of Australia. HPA Project Development: Process optimisation and improvements Technology development and scale-up factors suitable for the joint development project's commercial facility HPA market development. Completing this work has set a solid technical and commercial foundation for the HPA project and provides the framework for the 2023 work schedule for the small-scale production and demonstration facility. Small-Scale Production /Demonstration Plant Workstreams Site Selection: The joint development partners have endorsed a preferred site, near Kwinana in Western Australia, to locate the HPA demonstration plant. The permitting and environmental approvals process has commenced on the identified site. Design Engineering: The project designs for the small-scale production and demonstration facility have been finalized and are being reviewed by the joint development partners. The final design provides the blueprint to the facilities' development. Long Lead Equipment Procurement: A review of equipment options ahead of placing orders on long lead capital items has been initiated. Technology development: The JDP partners continue to develop and optimize various aspects of the process design to assess and improve performance, efficiencies, economics and product quality. These studies include improvements in the process materials of construction, material handling, scaling up for commercial production and environmental and waste recycling and disposal. Corporate: Supporting the project development, various corporate aspects of the joint development partnership are progressing. Final Investment Decision Stage Two Development: The joint development partners have advanced the HPA JDP in relation to the project delivery schedule including product development, technical refinements and project risk mitigation, however revisions to the scheduling and specifications of the small scale demonstration plant have delayed a final investment decision. The JDP parties are focused on completion of the project development and are working towards FID delivery as soon as practical. This includes working towards completion of the large quantity of corporate, legal, and technical engineering sign-offs and a comprehensive marketing strategy which is currently being finalized. Joint Venture Agreement Documentation: The project's future operating model and structure is set to be governed via an unincorporated joint venture that would be established upon FID. The UJV will be formalized via a series of agreements under an umbrella joint venture agreement. These documents are being refined in preparation for incorporation into the FID. Product Marketing and Development: Additional Stage Two project activities being progressed by the joint development partners include: Customer Outreach: The joint development partners are targeting specific market segments for HPA offtake. Increased customer outreach to established, emerging and niche market segments continues to provide market assurance as well as product development guidance. These opportunities include sapphire glass, LEDs /micro-LEDs and electric vehicle (battery components) as well as other niche market opportunities arising as HPA becomes an increasingly important and sought-after product in the critical minerals sector. Comprehensive Market Analysis: A comprehensive third-party marketing research review was commissioned by the JDP on the HPA industry to provide independent and targeted analysis on the various industry and geographic areas of interest. The report provides an unbiased and objective view on the market supply and demand provides additional guidance on the JDP marketing efforts. Product Finishing: The JDP is continuing to investigate broader product ranges and finishes for multiple client requirements. While not critical to the core HPA project development, the test work and product optimization provides additional opportunities for increased sales channels and customer support. Tillkännagivande • Oct 29
FYI Resources Limited, Annual General Meeting, Nov 30, 2022 FYI Resources Limited, Annual General Meeting, Nov 30, 2022, at 14:00 W. Australia Standard Time. Location: The Athol Hobbs Room, Royal Freshwater Bay Yacht Club 1 Hobbs Place Peppermint Grove Western Australia Australia Agenda: To receive and consider the annual financial report of the company and its controlled entities together with the Directors' Report, Directors' Declaration and the Independent Audit Report for the year ended 30 June 2022; to consider adoption of remuneration report; to consider adoption of remuneration report; to consider approval of additional 10% capacity; to consider approval to issue options to Mr Roland Hill; to consider approval to issue options to Mr Edmund Babington; to consider approval to issue options to Mr David Sargeant; to consider approval to issue options to Dr Sandy Chong; and to consider other matters. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Sandy Chong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 05
FYI Resources Limited Appoints Phil Thick as Advisor to the Board FYI Resources Limited appointed Phil Thick as advisor to the Company. Mr. Thick is a veteran of the mining, refining and chemical industries having held senior roles, both executive and non-executive, in a number of companies including Tianqi Lithium, Shell Australia, Coogee Chemicals and Alcoa Australia. Mr. Thick possesses an impressive track record being instrumental in the development of a number of major resources projects - particularly in the battery and energy related industries. His extensive experience at global, national and project level will provide the company with strategic advice and corporate assistance to help progress the development of company's HPA project with Alcoa of Australia and other downstream and value-add battery mineral opportunities identified by the company. Tillkännagivande • Feb 16
FYI Resources Limited Announces Results of the Third Week of Extended HPA Pilot Plant Operations Undertaken in Collaboration with Alcoa of Australia FYI Resources Ltd. announced the results of the third week of extended HPA pilot plant operations undertaken in collaboration with Alcoa of Australia (Alcoa). The joint development HPA pilot plant trial, utilizing feedstocks provided by Alcoa, ran from the 18th to the 25th January 2022 and achieved purity from 99.999% to 99.997% Al2O3 during its week long operation. Purity of the HPA was confirmed via analysis using high level Glow Discharge Mass Spectrometry (GDMS) to provide independent, high accuracy confirmation. The aggregated results from the first three extended pilot plant trials have been outstanding. The pilot plant analysis shows a definite increasing trend in the following: higher purity levels achieved, increasing overall average purity over the extended pilot plant operations, and Tighter range and consistency of purity over the extended pilot plant trial. The following graph demonstrates the measurable quality improvements made over the extended pilot plant trials as a result of various operational refinements. FYI and Alcoa have made strong progress in the development of the HPA project. It was agreed by the FYI and Alcoa development team that the objectives of the extended pilot plant trials have been successfully achieved and that the final pilot plant trial scheduled in the series is no longer warranted. With the pilot plant operations phase now complete, increased development focus and project resources will now be turned to finalizing the engineering phase, bringing the project one step closer to commercialisation. Tillkännagivande • Feb 09
EcoGraf Limited Announces with FYI Resources Ltd the Results of its Enhanced High Purity Alumina (HPA) Anode Coatings Development Program EcoGraf Limited announced with FYI Resources Ltd. the results of its Enhanced High Purity Alumina (HPA) anode coatings development program. EcoGraf provided the results of its enhanced HPA anode coating which is a significant result for the joint program with FYI Resources. The innovative technical program is being undertaken in a leading U.S. commercial battery material research facility using EcoGrafTM HFfree spherical graphite (hdBAM) and FYI's innovative ultrafine 4N HPA to generate a HPA-doped coated spherical graphite. Doping is the introduction of HPA onto the carbon coatings. The program commenced with surface coating EcoGraf spherical graphite with carbon material via a proprietary impregnation technique and heat treatment process to produce carbon coated spherical graphite as a product. This material was then surface doped with a fine dispersion spray of FYI's ultrafine 4N HPA to produce an enhanced HPA-doped carbon coated spherical graphite product. Physical analysis of the coated spherical graphite material and FYI HPA-doped coated spherical graphite material was completed and met the specifications required by leading battery manufacturers. Scanning electron microscopy of carbon-coated purified spherical graphite. The electrode coating process involved the material under controlled conditions applied to the copper sheet to achieve uniform electrode coating for application in lithium-ion coin cell. Electrochemical performance of the coated spherical graphite (coated anode) and HPA- doped coated spherical graphite (HPA-doped coated anode) was undertaken in an industry standard coin cell (CR2016) to determine the performance in a lithium-ion cell which are used to power EV's. The company presents the coin cell electrochemical performance results benchmarked against current industry anode material from China. First cycle charge-discharge curves were developed for both materials achieving higher first charge capacity, reduced first cycle loss and increased charge efficiency. The coated anode has a reversible capacity in the order of 353.4 mAh/g (milliampere hours per gram) with irreversible first cycle loss amounting to merely 5.2% These are excellent results and makes EcoGraf and FYI coated anode as superior performing Lithium-ion anode material. The performance of the HPA-doped coated anode was outstanding and better than the coated anode. Specifically, the reversible capacity was measured at 362.7 mAh/g and the first cycle loss was 4.5%. The HPA-doped coated spherical graphite outperformed current industry standard material from China. Optimisation will continue for the loading of HPA onto the battery anode as well as variable size specification of HPA used as the dopant. Performing the long-term cycling (100 cycles and above) of HPA-doped coated anode is ongoing. The results are very positive delivering a better performing material that will improve, performance, durability, and safety. EcoGraf and FYI are very pleased with the results and providing product samples to partners and battery manufacturers. The objective program is to develop a commercial innovative active anode material (AAM) in Western Australia from further value adding its materials for the Lithium-Ion battery market. Tillkännagivande • Jan 25
FYI Resources Ltd Concludes Week Three Joint Extended High Purity Alumina Trial in Collaboration with Alcoa of Australia FYI Resources Ltd. announced that week three of the extended pilot plant campaign for the trial production of high purity alumina (HPA) was successfully concluded on January 25, 2022. The week-long pilot plant trial performed exceedingly well and within the expected operational parameters including the HPA production being in-line with target outcomes. The pilot plant trials have been a critical pathway to the development and commercialisation of FYI's innovative HPA production process. The pilot plant test work program, being undertaken in collaboration with Alcoa of Australia, has incorporated a multitude of process refinements and design features over the course of the previous campaigns. These enhancements have been designed and applied to improve the efficiencies of the process as well as to increase the overall project economics. Samples from the extended trial HPA product will be submitted for high level Glow Discharge Mass Spectrometry analysis to EAG Laboratories in New York, USA for independent, high accuracy, confirmation of the HPA grades. The scheduled series of extended pilot plant operations have been very successful in terms of the deriving engineering and design performance data as well as generating valuable marketing material for customer evaluation purposes. Given the success of the three previous pilot plant runs, the development team is considering the requirement for the fourth scheduled week of operations and are contemplating redirecting resources to other detailed HPA project workstreams to accelerate the development schedule. Tillkännagivande • Jan 19
FYI Resources Limited Announces Commencement of Third Joint HPA Extended Pilot Plant Trial FYI Resources Ltd. announced the commencement of the third extended pilot plant campaign, in joint development with Alcoa of Australia. The extended series of one week pilot plant runs is designed to incorporate various process and operating refinements for trial with the objective to further enhance and optimize FYI's innovative, high purity alumina (HPA) refining process. The success of the first two extended pilot plant trials continued to increase the development teams understanding of operating conditions of the process flowsheet. This week-long trial will have similar operating conditions as the previous two trials, however with minor refinements to provide different operating objectives variability and optimizing testwork. The trial will operate on a 24/7 basis from the 18th to 25th January. The process improvements achieved as a result of these pilot plant trials is anticipated to add significant value to the project through enhancements to the flowsheet and resulting reductions in capital and operating costs. In addition, the series of extended pilot plant trials are crucial to the joint development marketing program via the generation of high quality HPA that is representative of the proposed commercial product. The pilot plant trials are not a condition precedent to the project joint venture. FYI will keep the market updated regarding the progress of the third trial run as well as the subsequent analytical results. Tillkännagivande • Jan 10
FYI Resources Limited Announces Quality Results Continue from Joint HPA Pilot Plant Trial FYI Resources Ltd. announced the results of the second week of extended HPA pilot plant operations. An average purity of 99.9978% was achieved during the week-long campaign undertaken in collaboration with Alcoa of Australia (Alcoa). Operating from the 7th to the 14th December 2021, the joint development HPA pilot plant trial generated product from which selected samples across all stages of the process were sent to EAG Laboratories in New York, USA for analysis using high level Glow Discharge Mass Spectrometry (GDMS) to provide independent, high accuracy confirmation of the HPA grades. Consistent with the previous HPA trial outcomes, the Week Two results demonstrated continued high-quality grades being achieved across the suite of samples and ranged in purity from 99.9983% to 99.9973% Al2O3. The high-quality results further support the progressive development of FYI's project utilizing the effective and innovative HPA flowsheet design. The pilot plant program supports the joint HPA development project between FYI and Alcoa for the commercialisation of FYI's innovative process for refining high quality HPA. The piloting program continues the optimizing of the process flowsheet. Whilst feedstocks variations and blends continue to be assessed, this trial run feedstock was supplied by Alcoa. Tillkännagivande • Nov 24
FYI Resources Limited Announces Phase I of Joint Extended HPA Trial Successful FYI Resources Ltd. announced that the first phase of the extended pilot plant campaign for the trial production of high purity alumina (HPA) being undertaken in collaboration with Alcoa of Australia was concluded successfully this morning. The extended trial run is the first one-week operation in a schedule of four trials that will be undertaken during the extended pilot program. The initial observations of the first HPA trial were very positive with operations performed to expectations and the product appearing to meet the higher end of the Company's anticipated internal measures. Samples of the extended trial HPA product will now be internally checked and then submitted for high level Glow Discharge Mass Spectrometry (GDMS) analysis to EAG Laboratories in New York, USA for independent, high accuracy, confirmation of the HPA grades. FYI will inform the market regarding the progress of the independent GDMS analysis results as well as the commencement of the second phase pilot plant trial in the extended piloting operations schedule. Is New 90 Day High Low • Mar 10
New 90-day high: AU$0.53 The company is up 130% from its price of AU$0.23 on 10 December 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Tillkännagivande • Feb 12
FYI Resources Limited Announces Successful Joint Pilot Plant Trial Delivers Outstanding Results FYI Resources Ltd. announced that analytical results indicate more than 99.998% Al2O3 purity was consistently achieved from the recently completed high purity alumina (HPA) pilot plant trial conducted in collaboration with Alcoa of Australia Limited (Alcoa). This result represents an outstanding outcome and is further validation of FYI's innovative HPA flowsheet design. The analytical results suggest the trial achieved purity levels higher than anticipated, which is a result of progressive enhancements to the flowsheet and improvements to operational procedures from previous trials including the use of an alternative feedstock supplied by Alcoa. FYI considers the outcome to be of significant relevance in improving project economics for potential commercial production. FYI is encouraged by the outcomes of the pilot plant and will continue to progress with the development of HPA strategy and advancing the MOU conditions with Alcoa. Continuing quality control: Some HPA from the joint FYI and Alcoa pilot plant trial was retained for detailed internal analysis and product phase work. In maintaining the Company's on-going high standard of quality control and product assurance, the additional pilot plant trial HPA samples will be forwarded to EAG Laboratories in New York, USA for further independent, elevated Glow Discharge Mass Spectrometry (GDMS) analysis to provide supplementary data that is intrinsic to the level of purity that has been achieved by the collaborative trial production. Is New 90 Day High Low • Feb 10
New 90-day high: AU$0.51 The company is up 181% from its price of AU$0.18 on 12 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: AU$0.28 The company is up 8.0% from its price of AU$0.26 on 06 October 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 17% over the same period. Tillkännagivande • Dec 11
FYI Resources Ltd Announces in Collaboration with Alcoa Australia Limited (Alcoa), It Will Commence A Trialling of Its Wholly Owned High Purity Alumina (HPA) Pilot Plant FYI Resources Ltd. announced that in collaboration with Alcoa Australia Limited (Alcoa) it will commence a trialling of its wholly owned high purity alumina (HPA) pilot plant on 10 December 2020. Following the refurbishment and commissioning of FYI's bespoke-built pilot plant, located in Welshpool Western Australia, continuous operations will be conducted jointly for the purpose of: Validating key operational performances; Exploring scale up factors;
Reviewing process refinements and improvements; Examining materials of construction; and Producing further material for product marketing and potential customer qualification. The pilot plant replicates the Company's designed and engineered process flowsheet. The plant is scheduled to operate continuously for 7 days on a 24 hours a day basis to demonstrate the end to end efficiency of FYI's innovative HPA refining process. The cost of refurbishment of the FYI pilot plant and operation of the trial is being funded by Alcoa. The resulting HPA will be checked for quality control and assurance before being forwarded to end- user and customer groups with whom FYI has been in advanced discussions with regarding HPA marketing and off-take arrangements. FYI has developed an innovative processing flowsheet design that has demonstrated the capability for the production of high purity, high quality HPA. Previous production trials have resulted in outstanding quality HPA which is currently being assessed by potential off-take parties. FYI and Alcoa entered a Memorandum of Understanding (MOU) on 8 September 2020 for the
potential joint development of FYI's innovative, fully integrated, high quality HPA project. Collaborative operation and demonstration of FYI's pilot plant is one of several conditions precedent under the MOU. Tillkännagivande • Dec 09
FYI Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6 million. FYI Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012
Transaction Features: Subsequent Direct Listing Recent Insider Transactions Derivative • Nov 27
MD & Director exercised options to buy AU$169k worth of stock. On the 24th of November, Roland Hill exercised options to buy 750.00k shares at a strike price of around AU$0.11, costing a total of AU$79k. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. Since June 2020, Roland's direct individual holding has increased from 8.29m shares to 9.29m. Company insiders have collectively bought AU$238k more than they sold, via options and on-market transactions, in the last 12 months. Tillkännagivande • Nov 12
FYI Resources Ltd Announces the Findings of the High Purity Alumina Market Participant Led Product Development and Testwork FYI Resources Ltd. announced the findings of the high purity alumina (HPA) market participant led product development and testwork. The testwork is designed to confirm the suitability of the company's HPA for use in established product applications. FYI generated HPA material from the company's pilot plant trials and supplied a European based HPA marketing group with the intention for them to undertake detailed product and market testing with the objective to establish a joint sales and distribution model for FYI's HPA. The testwork, conducted at the market participant's expense, was tailored to test FYI's HPA material for compatibility with both general and niche market applications within existing product sales lines of their established customers. Encouraged by the results from the initial trial samples that FYI delivered from the Stage One pilot plant production, this series of testwork is the extension of those prior studies using larger sample volumes. The larger HPA sample size (20kg) provided for a greater level of confidence and broader range of tests. The series of tests involved proprietary product specification and included detailed purity analysis, consistency of product and the equally important assessment of the characterisation and morphology (the particular form, shape, size, density and fundamental crystalline structure etc) of FYI's HPA. The testwork also included specialty milling of FYI's HPA to suitable size fractions for various market applications. Results of the detailed testwork by the market participant concluded that purity of FYI's HPA material is well above benchmark and that the overall quality of the product is very high and well within ideal product specifications. In particular, the extremely low values of the deleterious elements Fe, Na and Pb make FYI's HPA very attractive. The testing protocols undertaken were extensive and include X-ray Powder Diffraction (XRD). This is an analytical technique which determines the atomic and molecular structure of a the HPA crystal. This detailed testing revealed that the elemental trace pattern for FYI's HPA has an extremely close correlation to a number of the existing HPA products – which means the potential compatibility for multiple existing customers is very high. This result is particularly encouraging as it demonstrates the market opportunity for the company is substantial. A significant positive to emerge from the testing is the surprise morphology characteristics of FYI's HPA material which possesses a substantially higher particle surface area and density to traditional HPA product. This could offer commercial advantages in certain applications and that may increase the market attraction for FYI's HPA. The testwork on FYI's HPA also focused on trialling and developing a defined product specification for several other potential customers to meet their respective application requirements. Following the positive results from this work on FYI's HPA, additional product acceptance testing and evaluation will be undertaken on the material. Details of the results of this work is expected in the next two weeks. The staged assessment and testing process ensures that the company's HPA material fulfils the requirements and specifications of the procuring customers. Further work will be undertaken to facilitate a more favourable and expedient qualification process. Is New 90 Day High Low • Sep 28
New 90-day high: AU$0.29 The company is up 602% from its price of AU$0.042 on 30 June 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 8.0% over the same period. 