Update: Hello from Hanoi
Alkane Resources (AZL), via its wholly owned subsidiary Australia Zirconia (AZL), has signed a letter of intent with a private Vietnamese specialty metals refiner and trader relating to the toll treatment of DZP rare earth (RE) output. The agreement, although early stage, removes a degree of uncertainty over the future sale of a significant portion of the DZP’s annual production. We also see the agreement as de-risking project financing. We continue to maintain our view that the DZP, through its diversified product suite and very advanced stage of engineering and product offtake arrangements, remains the strongest non-Chinese contender for exposure to the strategically important REE (and other speciality metals) space.Alkane Resources is a mining and exploration company with a focus on gold, copper, zirconium, hafnium, niobium and rare earth elements. Co. has two reportable segments, being gold operations and the exploration and evaluation of rare metals. Co.'s projects and operations are located in the Central West of New South Wales in eastern Australia. Primary among them are the Tomingley Gold Operations, a medium-sized gold operation near Dubbo in which Co. is engaged in the production of gold. Co. is also developing the Dubbo Zirconia Project, which will produce zirconium, hafnium, niobium and rare earths.
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