Quantum Resources to acquire WA aluminia specialist Halcyon

Quantum Resources is planning to enter the high purity alumina (HPA) market after announcing its interest in acquiring Australian private minerals exploration company, Halcyon Resources.

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

Alumnia is aluminium oxide, a white powder from which aluminium metal is made, and is commonly used in abrasive and refractory applications.

Quantum, which is planning a bid for all of Halcyon’s shares, has stated it 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.

“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,” said Quantum’s director Avi Kimelman.

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