ASM Joint Venture with Ziron Tech on Clean Metal Processing Technology By Alkane Resources
20217
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ASM Joint Venture with Ziron Tech on Clean Metal Processing Technology By Alkane Resources

ASM is a wholly owned subsidiary of Alkane Resources Ltd, an ASX and OTCQX (US) listed multi-commodity mining and exploration company, with projects and operations located in the Central West of New South Wales, eastern Australia. ASM’s most significant project is the Dubbo Project (DP), which stands to become a strategic and significant world producer of critical technology materials, including zirconium, certain light and heavy rare earths, hafnium and niobium. Alkane is also a gold producer through its wholly owned subsidiary, Tomingley Gold Operations (TGO).

ASM Dubbo Project

The DP is a large in-ground resource of zirconium, hafnium, niobium, yttrium and rare earth elements. It is the most advanced poly-metallic project of its kind outside China, making it a potential strategic and independent supply of critical minerals for a range of sustainable technologies and future industries. It has a potential mine life of 70+ years.

The DP is located at Toongi, 25 kilometres south of Dubbo in central western NSW, about 400km northwest of Sydney.

The project is construction-ready, subject to financing, with the mineral deposit and surrounding land acquired. All State and Federal approvals are in place, and the project has a well-established flowsheet. ASM is now consulting with the market to refine product specifications and to agree on offtake agreements.

ASM and Ziron Tech Joint Venture in Korea

ASM has executed a binding agreement with Zirconium Technology Corporation (a South Korean company) (Ziron Tech) to fund the final stage research and feasibility in relation to a clean metal process to convert metal oxide – including key Dubbo Project metals – to metals of high marketable purity.

Ziron Tech and its founders have developed and proven at laboratory bench scale a carbon free process to convert metal oxides into metals through an electrolytic process. Solid Oxide Membranes (SOMs) made from yttria-stabilised zirconia are central to the Technology, so commercialisation of the Technology could create significant new demand. This revolutionary carbon free metals process produces oxygen as a by-product and could provide a cost-effective and environmentally superior alternative to the traditional Kroll process used to make high purity zirconium, hafnium, and titanium metals. The Technology is applicable to magnet rare earth metals and other key industrial metals, including titanium and magnesium.

ASM will invest US$1.2m towards a pilot plant facility to complete late-stage piloting and feasibility study for larger scale development and commercialisation of the process. ASM has exclusive global rights to use the Technology at commercial scale in relation to zirconium and hafnium under an agreed license and royalty regime.