Multi commodity miner and explorer, Alkane Resources (ASX: ALK), has completed an engineering and financials review of its zirconium, niobium, hafnium and rare earths project which confirms a viable project of significance. The details of this review are in the following pages of this announcement and should be read in their entirety. Among key points from Alkanes project review are, that in circumstances where the Project is successfully funded and developed: The Project could generate A$4.7 billion free cash flow at the 20 year base case with a forecast capital cost of A$1.3 billion base case build or A$808 million for the stage 1 build. Internal rate of return is estimated between 16.1 to 17.5 per cent, depending on whether capital is managed to build the Project in two stages or proceeds to a single 1mtpa plant, with both alternatives confirmed viable. Read More