Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: ALK
Latest Price: A$0.94  (-2.59% Descending)
52-week High: A$2.51
52-week Low: A$0.90
Market Cap: A$349.90M
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Alkane Resources Limited
www.alkane.com.au

Alkane Resources (ASX: ALK) is a multi commodity mining and exploration company focused on the Central West of New South Wales, Australia. Alkane's shares are also listed as American Depository Receipts (ADR's).  The company has built a gold resource inventory of over 1 million ounces at McPhillamys near Orange in a venture with Newmont Australia.

 

The Company has an advanced feasibility study in progress for the development of the Dubbo Zirconia Project which is based upon a very large in-ground resource of the metals zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements.

 

 

Pdf

Alkane Resources lists shares on OTC for foreign investors

24th Feb 2011, 6:18 am

Alkane Resources (ASX: ALK) has extended its potential global investor base through the listing of the company's American Depositary Receipts (ADR's) on the Over-The-Counter market OTCQX International.

ADR's essentially create a broader global secondary market for a company's listed securities, and makes it easier for North American institutional and sophisticated investors to acquire an interest in Australian companies such as Alkane.

BNY Mellon will be the depositary bank for Alkane's ADR facility.

In another major forward move by Alkane, earlier in the month the company raised A$21 million for the completion of the Definitive Feasibility Study on the Dubbo Zirconia Project.

The project is one of the most advanced zirconium and rare earth deposits outside of China, with a production due to start during 2014.

 

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