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FYI Resources director makes another purchase of company shares

A string of recent share purchases by board members shows their confidence in the company’s high-purity alumina (HPA) focussed strategy.
pilot plant timeline
The company has a pilot plant designed to produce ultra-pure alumina for the HPA market

FYI Resources Ltd (ASX:FYI) non-executive director David Sargeant continues to support the company with yet another purchase of shares through on-market trades.

Sargeant bought 484,444 shares for $29,066, increasing his overall holdings in the company to 4.48 million shares.

This is Sargeant’s third purchase in as many weeks and he is not the only board member buying shares with managing director Roland Hill also recently buying shares in the company.

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

In mid-late May 2019, FYI updated that its pilot plant program was nearing completion of construction, with test-work results expected by the end of June.

The pilot plant will test kaolin feedstock from its 100%-owned Cadoux Kaolin Project in Western Australia with the aim to turn it into HPA.

The pilot plant is located in Welshpool, Western Australia and has been designed and engineered to produce high quality, ultra-pure 99.99% (4N) and 99.999% (5N) alumina (Al2O3) for the fast-growing high specification HPA market.

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