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Main Forum•Astron Ltd (ASX: ATR) Enough Zircon to supply world demand for 30 years
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Aston Limited Managing Director Alex Brown said:
“Our Donald deposit is now one of the largest zircon deposits in the world. Based on available mineral assemblages’ data the deposit contains approximately 37 million tonnes of zircon - sufficient for 30 years for total world consumption assuming a global demand for 2010 of 1.25 million tonnes per year. The Donald project’s development to production is also urgently needed to meet serious looming raw material shortages. Approximately 70 million tonnes of Ti02 units within the deposit add to the strong revenue potential of the deposit”.
Market cap = $180m, Cash ~ $147m
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