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.