Alkane Resources announced that Export Finance Australia, the country’s export credit agency, confirmed its interest in financing the company’s Dubbo project in New South Wales.
Dubbo, Alkane’s largest non-gold project, is an advanced polymetallic project with large in-ground resources of zirconium, hafnium, niobium, yttrium and rare earth elements with a potential mine life of 75-plus years.
Alkane’s Managing Director, Nic Earner, said “After extensive engagement with the Australian Government, particularly recently as part of its Critical Minerals initiative, it is pleasing to see that stated support is translating into preparedness for government agencies to act, in this case with EFA providing confirmation of its interest in being part of the financing consortium for the Dubbo project.”
The project is development ready, subject to financing, with the mineral deposit and surrounding land acquired, all major state and federal approvals in place, and extensive piloting and engineering completed.
*Article published in the April-June 2020 issue of The Asia Miner