October 25, 2016

Memorandum of Understanding Signed with Siemens for Dubbo Zirconia Project 

 Alkane Resources Ltd (ALK), on behalf of its wholly owned subsidiary Australian Zirconia Limited (AZL), has signed a Memorandum of Understanding (MOU) in relation to the Dubbo Zirconia Project (DZP) with Siemens Ltd (Siemens), the Australian arm of the global industrial group, Siemens AG based in Germany. The purpose of the MOU is to advance the DZP, in particular to state each party's intention with respect to the procurement of Siemens equipment and operational solutions, and future off take of products produced by the DZP.