good news for ATR - completely cashed up with $180m in bank versus a market cap of $90m
From the announcement: DMS intends to export up to 500,000 tonnes of heavy mineral concentrate per annum to China for further refined processing and product manufacture. Development Manager for Astron, Emma Vogel, said the approval gives DMS the green light to take the next major step in the project. “This is a substantial milestone prior to production. Operations and environmental procedures will match world’s best practice,” said Ms Vogel.
“The project is one of the largest undeveloped zircon projects in the world and with Astron’s advanced capabilities will see greater success than previous failed attempts to exploit these resources."
ATR Price at posting:
$1.65 Sentiment: Hold Disclosure: Held
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