logo-loader
viewAlkane Resources Ltd

Alkane Resources' granted mining lease for Dubbo Zirconia Project

The project is based upon large in-ground resources of the metals zirconium, hafnium, niobium, (tantalum), yttrium and rare earth elements.

au_alkane_resources_project_map_june2015_358_5677401bf3317.jpg

Alkane Resources (ASX:ALK) has made another major step forward at its Dubbo Zirconia Project (DZP), located in the Central West region of New South Wales, Australia.

Following on from New South Wales state governmental planning approval for the development of the DZP in May 2015, the NSW Department of Industry, Division of Resources and Energy have advised that the Mining Lease for the project has been granted.

This leaves the Environment Protection Licence (EPL), which also follows on from planning approval, as the final major step in the approvals process.

When received, this would enable Alkane's wholly-owned subsidiary, Australian Zirconia Limited (AZL), to progress with construction.

Construction is subject to financing.


Key details of the DZP

The DZP is located 25 kilometres south of the large regional centre of Dubbo.

The project is based upon large in-ground resources of the metals zirconium, hafnium, niobium, (tantalum), yttrium and rare earth elements.

Over several years the company has developed a flow sheet consisting of sulphuric acid leach followed by solvent extraction recovery and refining to produce several products.

This includes proving the process at demonstration pilot plant scale and providing product samples for market evaluation.


Strategic significance of the DZP

Customers from most major economies such as United States, Japan and several European countries consider the products from the DZP to be “strategic” or “critical” metals and oxides.

The chief factors influencing this classification include supply risk, economic importance, availability of substitutes and whether the production time frame is short or long term.

The importance of the DZP as a new source of more than ten strategic metals and oxides diversifying supply away from existing sources continues to gain recognition and support from companies and governments seeking to reduce dependence on current supply sources, particularly from China.

The diversity of the DZP’s products and of their markets will also provide the project with stability of its revenue streams over a broad base as different markets cycle through ups and downs over time.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Alkane Resources Ltd

Price: 0.645 AUD

ASX:ALK
Market: ASX
Market Cap: $326.43 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Alkane Resources Ltd named herein, including the promotion by the Company of Alkane Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Alkane Resources share price rises on news of discovery at...

Alkane Resources Limited (ASX: ALK) managing director Nic Earner updates Proactive on the recent discovery of "significant" porphyry gold-copper mineralisation at Boda prospect within the company’s Northern Molong Porphyry Project in Central West NSW. Earner says the market seems to have...

on 20/9/19

2 min read