FYI Resources

ROLAND HILL

MANAGING DIRECTOR

(ASX:FYI)

◾ Company Name: FYI Resources ◾ Company ASX code: FYI ◾ Key commodities: High purity alumina (HPA) / critical minerals ◾ Key Personnel: Roland Hill, Managing Director | Claudio Di Prinzio, Technical and Operations Manager | Hans op den Dries, CFO ◾ Locations: Western Australia ◾ Market Cap as of 15/07/22: $58.53M ◾ Share price range over 12 months as of 15/07/22: $0.870 - $0.140 ◾ Company Website: fyiresources.com.au

COMPANY PROFILE

In recent years WA has been making a name for itself on the world stage, this time in the field of battery metals, which has seen the state become the go-to for a global market that is quite often at the mercy of severe geopolitical instability and a market that has become almost obsessed with sustainable development of resources and projects.

FYI Resources is one company seeking to capitalise on that market opportunity, through its development of a method that sets its company apart from the rest of the pack, a point of difference that it believes will help it achieve its ambitions.

The company says that it’s come up with a way to, quite simply, do things better – which is the Holy Grail for any miner. However, the company says that in this case, its process design has been simplified significantly enough to make a profound difference to the bottom line.

FYI says that’s been achieved by designing a simplified 1 stage flowsheet, enabling the company to significantly reduce both capex and opex, to produce consistent, ethically sourced and reliable quality end-product, ensuring a dependable supply for long term contracts.

It’s a strategy that has seen FYI team up with Pittsburgh-based aluminium giant Alcoa, combining forces to develop FYI’s high purity alumina (HPA) project with a 65% / 35% split, which helps FYI by providing secured funding into the future, de-risking the project for investors.

Alongside Alcoa, FYI Develop, construct and operate a demonstration HPA production facility before moving on to a full-scale 9,000 MT of HPA per annum at its Production Plant) and then bring the HPA produced on the global market.

The results so far have been highly promising, the company says, pointing to its recent HPA pilot plant trial, utilising feedstocks provided by Alcoa. The week-long test phase achieved purity from 99.999% to 99.997% Al2O3.

Driving the project for FYI is Roland Hill, who was appointed to the role of managing director in mid-2014, bringing extensive resource industry and investment, finance and funds management experience with him.

Hill has previously been directly associated with the mining and exploration sector for over 20 years in contracting roles and with Western Mining Corporation and Normandy Poseidon and a seven-year role as Managing Director and Chairman of Crescent Gold Limited – an ASX listed gold producer with production of ~100,000oz pa.

Technical and Operations Manager Claudio di Prinzio brings over 30 years industry experience in project development management, commissioning and operations management across a range of project sizes, commodities and jurisdictions specialising in alumina and battery and critical minerals.

And Chief Financial Officer Hans op den Dries has more than 30 years’ experience providing a wide range of businesses with financial, strategic advice and services to small cap unlisted and listed public companies and privately owned businesses in Western Australia’s resource-driven industries.

The company says it’s also striving to bring its HPA products to market while meeting the sustainability goals that the market demands, which includes Building Environmental, Social, and Governance (ESG) credentials.

FYI says it is committed to providing ESG disclosures against the World Economic Forum (WEF) Stakeholder Capitalism Framework, a set of common metrics for sustainable value creation captured in 21 core ESG disclosures, with that ESG reporting and disclosing produced quarterly.

KEY INVESTMENT HIGHLIGHTS

FEBRUARY 14, 2022: Demonstrated 99.999% to 99.997% HPA quality from Joint extended pilot plant trial. JANUARY 18, 2022: Commencement of third joint HPA extended pilot plant trial underway.