logo-loader
viewAlkane Resources Ltd

Alkane Resources Ltd to reveal product marketing for Dubbo Zirconia Project

au_dubbo_zirconia_project_350_x_260_57b112ada7899.jpg

Alkane Resources Ltd (ASX:ALK) has been granted a trading halt by the ASX this morning, pending a product marketing update for the Dubbo Zirconia Project (DZP).

The DZP is located 400 kilometres northwest of Sydney and is a large polymetallic resources containing zirconium, hafnium, niobium, yttrium and rare earths.

The project has reserves to support a 35 year mine life and it has a net present value (NPV) of US$0.92 billion and 17.5% internal rate of return (IRR).

The DZP is now construction ready with financing currently in progress with production anticipated to commence in 2018.

The halt will remain in place until the opening of trade on Wednesday 17th August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: Alkane Resources Ltd

Price: 0.61 AUD

ASX:ALK
Market: ASX
Market Cap: $308.72 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