Alkane Resources Ltd
Alkane Resources Ltd (ASX:ALK) is an ASX and OTCQX (US) listed multi-commodity mining and exploration company with a focus on gold, copper, zirconium, niobium and rare earths. Our projects and operations are located in the Central West of New South Wales, in eastern Australia.
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Alkane Resources closer to Dubbo Project development as Export Finance Australia confirms financing interest
Alkane Resources Limited (ASX:ALK) is closer to developing its Dubbo Project in Central West NSW after Australia's Export Credit Agency, Export Finance Australia (EFA), confirmed its interest in financing the polymetallic project, which includes rare earths.
Alkane, through wholly-owned subsidiary Australian Strategic Materials (ASM), has been engaging with EFA as it works to assist private business in developing Australia's critical minerals sector and export markets.
Alkane 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."
Securing critical minerals a priority
The focus for ASM has been on finding potential strategic investors, offtake parties and debt financiers, including the Australian and foreign governments, that would assist it in the development of the Dubbo Project.
ASM managing director David Woodall said: "It is very pleasing to see positive action by EFA.
"I look forward to continuing ASM's discussions with strategic partners and offtake parties, particularly with the ongoing trade support and now potential financial support from the Australian Government.
"It is very clear in today's world that security of supply chains in all manner of materials is a pressing issue, and security of critical minerals is one supply chain that the Australian Government is clearly identifying as a priority for government backing."
Other Alkane Resources Ltd news
- Alkane Resources hits more broad, high-grade gold at Roswell and San Antonio
2020-07-16 - Alkane Resources meets upgraded FY2020 guidance for Tomingley Gold Operations
2020-07-07 - Alkane Resources broad gold-copper hits provide further evidence of Boda porphyry potential
2020-05-19 - Alkane Resources intersects high-grade gold, copper at Boda Prospect
2020-03-23 - Alkane Resources in trading halt ahead of Boda results
2020-02-12
