Alkane Resources Limited
(ASX:ALK) says ore reserves at its Dubbo Zirconia Project increased by 400 per cent in the December quarter.
In its quarterly report, released today, it says improvements have been made to its rare earth recovery circuit trials, optimising recoveries.
Alkane also says the project remains very viable, “even with the retreat of rare earth prices and the flattening of the zircon-zirconium market in recent months.”
Alkane reported a profit of $7.7 million in 2010.
