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Alkane Resources managing director Ian Chalmers appointed to Rare Earths Board

Alkane Resources (ASX: ALK) managing director Ian Chalmers has been appointed to the advisory board of Rare Earth Elements World (REE World), an organisation that comprises senior executives from the rare earths industry.

REE World is an international organisation based in Toronto, Canada, providing rare earth sector market information, news and commentary.

Its board members include senior executives from seven of the world's leading rare earths companies, including others from Australia, as well as industry experts and financial consultants.

As world interest in rare earths increases, Australia is increasingly in the spotlight because of its substantial stock of rare earths deposits.

On August 15 Alkane signed a third Memorandum of Understanding (NASDAQ:MOU) with a leading European manufacturing and trading company to form a joint venture to market zirconium products from the Dubbo Zirconia Project (DZP) in Dubbo, New South Wales.

The signing of the MOU ticks another milestone for the company and development of the Dubbo Zirconia Project. Potential revenue from plant output is US$125m per annum. Zircon prices have rocketed recently with the market requiring the equivalent of one new DZP sized operation each year to meet demand.