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ASX ANNOUNCEMENTS FOR FYI

from the ASX...
FYI: FYI AND ALCOA ENTER 90 DAY EXCLUSIVE PERIOD FOR JV DISCUSSIONS
May 6th, 2021

FYI Resources Limited (ASX: FYI) (“FYI” or the “Company”) is pleased to announce it has entered into an exclusivity agreement with Alcoa Australia Limited (“Alcoa”) to facilitate detailed negotiation of the terms of a possible high purity alumina (HPA) project joint venture.

During the 90-day exclusivity period, which is aligned with the Memorandum of Understanding (MoU) formed in September 2020, the parties will undertake further due diligence to establish the technical and commercial viability of establishing a joint venture for the future development and commercialisation of FYI’s HPA project.

The 90-day exclusivity period started on 5th May 2021.



FYI: QUARTERLY ACTIVITIES REPORT
April 29th, 2021

Updated DFS released with outstanding results.

HPA project NPV8% increased to US$1.014b.

FYI progresses HPA MoU with Alcoa Australia.

FYI’s commences ESG certification.

Commenced process for quotation on the OTC market in US.

GEM Global takes initial strategic interest in FYI.

Alcoa and FYI joint pilot plant trial samples achieve average of 99.9986% Al2O3.



FYI: FYI HPA PROJECT NPV INCREASES TO US$1.014BN
April 8th, 2021

Updated DFS results in increase in NPV reflecting technical and commercial progress of FYI’s HPA Project development and positive value re-rating.

FYI’s innovative HPA process technology and process design validated through extensive testwork and pilot plant trials.

Updated DFS results in compelling project metrics demonstrated in revised NPV.

HPA product marketing research confirms strong HPA industry growth and pricing support.



FYI: HPA PROJECT NPV INCREASES TO US$1.014BN
March 31st, 2021

Updated DFS results in increase in NPV reflecting technical and commercial progress of FYI’s HPA Project development and positive value re-rating.

FYI’s innovative HPA process technology and process design validated through extensive test work and pilot plant trials.

Updated DFS results in compelling project metrics demonstrated in revised NPV.

HPA product marketing research confirms strong HPA industry growth and pricing support.



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