ALK 7.50% 18.5¢ alkane resources limited

News: Alkane Resources progressing approvals for Dubbo Zirconia Project

  1. Alkane Resources (ASX:ALK) has been granted a trading halt by the ASX pending a progress update on the approvals process for the Dubbo Zirconia Project in New South Wales.

    The company had previously advised it was awaiting receipt of final approvals to be received.

    Dubbo Zirconia is based upon the large in-ground resources of zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements.

    Progress has also been made on the Front End Engineering Design and the company is seeking tenders for construction such as for the sulphuric acid plant and solvent extraction plant constructors, and other equipment suppliers.

    Alkane has also continued process and product development continued for all DZP product streams in Australia and overseas to optimise recoveries and product qualities.

    The halt will last until the earlier of the announcement being made or the start of trade on Friday, 13th February 2015.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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