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Alkane Resources - Good news Yttrium, Niobium, Hafnium, Zirconium -HREE 22%
Dubbo Zirconia Project (DZP)
Quarterly Report to 30 September 2012 Improved heavy rare earth recoveries from demonstration pilot plant (DPP) operation indicate potential increased yttrium, dysprosium and terbium output from the Project Current anticipated annual revenue around A$450 million does not account for uplift from the rare earth separation JV with Japan's Shin-Etsu Chemical Environmental Impact Statement is nearing completion and scheduled to be lodged before the end of the year Interim feasibility study results indicate increase in capital and operating costs but are still subject to further optimisation. The Project remains robust at the conservative costs and revenues Other process improvements, including water recycling, trialled on the DPP and could lead to additional cost savings Land and water licence acquisition, and infrastructure development initiated Core hole TOD003 intersects 107.4 metres grading 1.83% ZrO2, 0.035% HfO2, 0.39% Nb2O5, 0.022% Ta2O5, 0.12% Y2O3, 0.74% REO (TYREO 0.86%) with a heavy rare earth distribution of 22% Preliminary testing for tantalum recovery has produced promising results
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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