Alkane Resources (ASX:ALK) has been granted a trading halt by the ASX pending a progress update on the approvals process for the Dubbo Zirconia Project (DZP).
The DZP remains the most advanced non-Chinese new development capable of supplying the full spectrum of rare earth elements and other speciality metals to growing market sectors.
Earlier in the year the NSW Planning Assessment Commission gave conditional approval for the project.
The halt will last until the opening of trade on Tuesday 2nd June 2015, or earlier if an announcement is made to the market.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.