Quantum Resources intends to enter high purity alumina business

Quantum Resources is planning to acquire Australian private minerals exploration company Halcyon Resources as it intends to enter the high purity alumina (HPA) market. The company is planning a bid for all of Halcyon’s shares.

The company said that they will continue to pursue new energy metals in conjunction with its proposed acquisition plus its commitment to the existing Thompson Bros lithium project in Canada, reported by Australian Mining.

In March, Quantum Resources announced that drilling had started at the Thompson Bros. Lithium project.

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Quantum’s director Avi Kimelman stated: “Upon the completion of the proposed transaction, the indicative work activities schedule will include determination of the exploration from historic data [and] additional drilling as required.”  

Halcyon Resources controls the Tambellup kaolin deposit in Western Australia. It holds protected intellectual property, the Griffin Process, which concerns the processing of kaolin into speciality aluminas, including HPA.