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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumAlkane Resources signs MOU ~$50 - $70m per year Zircon offtake

  • Some nice news from ALK today. ALK has the world's richest H-REE deposit and Australia's largest tantalum resource. But today's news is about their rather large Zircon deposit that they will be mining next year.

    The company has inked a non-binding Memorandum of Understanding with a yet to be named chemical company and a trading company. The deal should generate $US50-70 million per year on current pricing.

    Better yet there is plenty more to come as Alkane says this is the first of several MOUs in the pipeline for the Dubbo project and would represent some 12-17% of projected annual revenue from its zirconium, niobium and rare earth elements deposit.

    asx-tantulum-resources-2011.gif

    zircon-resources-asx.gif

    alk.gif

    Alkane has previously announced a mine life of over 100 years....

    Now lets wait and see how their gold mines and H-REE's stack up... whoops tantalum is worth watching as well as it has just been declared a strategic metal by China....

    Read more:

    http://www.australian-shares.com/australian-zircon.html

    http://www.australian-shares.com/australian-zircon.html

    http://www.australianrareearths.com/

    I hold ALK

  • Hi Sparty, Alkane is a superb share. Thanks for putting me onto them

    Alite

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