Australia's FYI Resources falls on production delays from pilot plant

Cadoux

19/10/2021 05:46

** Shares of FYI Resources Ltd  FYI.AX  fall as much as 5.6%
to A$0.42, their biggest intraday pct fall since Oct. 6
    ** Alumina developer says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02437743-6A1056791?access_token=83ff96335c2d45a094df02a206a39ff4
 commencement of pilot plant production will be delayed for up
to three weeks 
    ** Delay due to potential safety issue with gas regulators
during the trial 
    ** Co expects delay to have minimal impact on development
and product marketing schedules 
    ** Stock hits its lowest since Oct. 8
    ** Stock had risen 85.4% this year, as of last close
    
  

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))