Alkane’s Strategic Relationship with Rare Earth Magnet Giant Shin-Etsu Key to Financing
May 9, 2013 — Ian Chalmers, Managing Director, Alkane Resources Ltd. (ASX: ALK | OTCQX: ANLKY) in an interview with Dave Glover for ProEdgeWire (ProEdgeWire.com) discusses Alkane’s recently completed Feasibility study (FS) for it’s Dubbo Zirconia rare earth project. Alkane is strategically positioned with end user agreements in place and financial commitments secured thru Credit Suisse, Sumitoma Mitsui banks; as well as a gold producing project, capable of providing ongoing project financing.
The Feasibility Study revealed that Alkane’s rare earth project “…will generate AUD$285-290 million per year in operating cash flow.” Chalmers was very enthusiastic about the results, saying that it is “A very positive…(and) a very robust project.”
With financial commitments in place, Alkane’s Board can focus on growth and production by year end 2015 with full processing output anticipated by year end 2016-2017.
Disclaimer: Alkane Resources Ltd. (www.alkane.com.au) is an advertorial member of ProEdgeWire.
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