Australian Zirconia's Dubbo Project receives Development Consent

Rare Earths Mining Project

Australian Zirconia's Dubbo Project receives Development Consent

The New South Wales Planning Assessment Commission (PAC), as delegate for the NSW Minister for Planning and Environment, has advised that it has approved the development application for Australian Zirconia's Dubbo Zirconia Project (DZP). The AUD 1 billion project, which is located approx. 25 km south of Dubbo (NSW), Australia, in an area called Toongi, is founded on one of the world’s largest in-ground resources of zirconium, hafnium, niobium, tantalum, yttrium and rare earths elements.
(ed. WoMaMarcel - 08/6/2015)
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Dubbo Zirconia Project is expected to process 1,000,000 tonnes of ore throughput per year.

Approval of the development application is a significant milestone for the project, enabling Australian Zirconia Ltd. (AZL), a wholly owned subsidiary of Alkane Resources Ltd., to move ahead with applications for the Environmental Protection Licence (EPL), Mining Lease and other permitting and to secure project financing and advance the DZP into a development phase.

Alkane Managing Director, Mr Ian Chalmers, said approval for the project was the culmination of many years’ of hard work and the Company recognises the significant contribution from employees and consultants, managed by RW Corkery & Co., in the approvals process.

“We recognise there are a number of important steps before construction begins but we are delighted to achieve development consent for the Dubbo Zirconia Project, and are looking forward to taking the next steps towards establishing this globally significant operation,” Mr Chalmers said. “This project will not only mean a transformation for Alkane, but it will have a significant impact on the region, creating some 300 jobs and strategically important resources exports for Australia.”

According to Alkane Resources, the Dubbo Zirconia Project (DZP) is based on one of the world’s largest in-ground resources of rare metals and rare earths. Due to the size of the resource, the mine is expected to process 1,000,000 tonnes of ore throughput per year over a period of 70 years or more. The DZP will produce a strategic and alternative supply of zirconium (hafnium), niobium (tantalum), yttrium and rare earth elements to the global market.

A demonstration pilot plant (DPP) at ANSTO has been running since 2008, allowing Alkane to prove the DZP’s technical and financial viability. The DPP has resulted in the development of a working flowsheet and verified resource extraction and processing methods.

Front End Engineering and Design (FEED) and Pre-development Studies

FEED pre-construction work has been completed by international engineering company Hatch on primary design with tender responses from vendors providing revised capital costs. Further analyses incorporating vendor feedback and the review of revenue streams will provide a bankable standard document within the next 3-4 months. The study will enable updated operating costs and revised revenues for the financing program to be advanced.

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