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FYI Resources director Sargeant buys another parcel of shares on-market

The company aims to use kaolin from its Cadoux Project in Western Australia to produce high-purity alumina (HPA).

FYI Resources Ltd - FYI Resources director Sargeant buys another parcel of shares on-market
Multiple board members have been purchasing company stock in recent months

FYI Resources Ltd (ASX:FYI) non-executive director David Sargeant has made another purchase of company shares buying up another 252,871 shares.

Sargeant bought the shares for $12,938, increasing his overall holdings in the company to 5.0 million shares.

The company’s board members continual purchase of stock shows their confidence in the company’s high-purity alumina (HPA) focussed strategy.

READ: FYI Resources Ltd obtains mining lease as part of Cadoux HPA project development

In early July 2019, FYI Resources was granted a mining lease covering its 100%-owned Cadoux high purity alumina (HPA) project.

The granting of the mining lease followed the commissioning of its HPA pilot plant, at which time Proactive caught up with the company for an update.

Quick facts: FYI Resources Ltd

Price: 0.077 AUD

ASX:FYI
Market: ASX
Market Cap: $17.02 m
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