Alkane Resources Expects Approval for $1 Billion Rare Earths Project in Q1 2015

Alkane Resources (ASX:ALK) expects to receive approval for its billion dollar rare earths project in Australia in the first quarter of 2015, according to the Sydney Morning Herald. The company anticipates that the approval could facilitate a share rerating for the company.

As quoted in the publication:

Ahead of the receipt of government approvals for Alkane’s rare earths project, which is located near Dubbo in western NSW, Alkane has launched detailed engineering studies so that once the green light is received, it can finalise the financing and fast-track work on the project.

Unlike Lynas and Molycorp, Alkane will not be processing its rare earths itself, but selling the material to third parties for treatment, which significantly reduces its risk profile.

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