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Alkane Resources Limited to update on approvals at Dubbo Zirconia Project

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Alkane Resources Limited (ASX:ALK) has been granted a trading halt by the ASX, pending a progress update on the approvals process for the Dubbo Zirconia Project (DZP).

The project is located in the Central West region of New South Wales, Australia.

DZP 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.

The halt will remain in place until the opening of trade on Wednesday 16th March 2016, or earlier if an announcement is made to the market.

 

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Quick facts: Alkane Resources Ltd

Price: 1.19 AUD

ASX:ALK
Market: ASX
Market Cap: $690.24 m
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