Alkane signs on JV partner for Dubbo
PERTH (miningweekly.com) – ASX-listed junior Alkane Resources, through its subsidiary, Australian Zircon, has signed a joint venture (JV) framework agreement with Treibacher Industrie to produce and market ferroniobium from the Dubbo zirconia project, in New South Wales.
Under the JV agreement, the two companies would use Treibacher technology to process Dubbo niobium concentrate at a facility in Australia.
Treibacher would have the option to purchase 50% of the new company within three years of commissioning of the plant, and would have the exclusive rights to market the ferroniobium product.
The JV operation would produce over 3 000 t of ferroniobium, using all of the niobium concentrate produced from the one-million-tonne-a-year development of the Dubbo zirconium project.
The JV would mean that Alkane would be the only producer of niobium in Australia, once production started in 2016.
A recent expanded definitive feasibility study (DFS) on the Dubbo zirconia project found that the project could support a production rate of some one-million tons a year, at a capital cost of A$996.4-million.
Over an initial 20-year life, the expanded project would have a net present value of A$1.23-billion, and would deliver earnings before interest, tax, depreciation and amortisation of A$5.23-billion. The project would also have an internal rate of return of 19.3%.
At current prices, yearly ferroniobium production was expected to generate revenue of some $90-million, with Alkane’s share estimated at some $80-million, which was 15% of the total anticipated yearly project revenue as determined by the DFS.
Alkane said on Tuesday that the environmental-impact statement for the Dubbo project had now been lodged with the New South Wales Department of Planning and Infrastructure, marking the start of the approvals process.
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