<p>Alkane Resourcpe9001200 stone production line pricees will joint venture with Australia&rsquo;s Mintech Chemical Industries to produce zirconium oxychloride (ZOC) at the company's existing plant at East Rockingham, Western Australia. The companies signed a Memorandum of Understanding to undertake a Scoping Study to produce 10,000 to 12,000 tonnes annually of ZOC.</p>
<p>This is the second such agreement for Alkane to produce and treat output from the company's Dubbo Zirconia Project, which is located in the central west of New South Wales. Most importantly is the cash flow generation, and based on current prices of ZOC, revenue from the agreement is estimated at US$40 million to US$48 million annually, which Alkane said represents around 9% to 11% of the total revenue potential of the project. This provides potential annual revenue from both the MoU's of US$100 to US$120 million for 75% of production, which exceeds earlier estimates for the value of 100% of zirconium production...</p>