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Asian Activities Report for August 15, 2011: Dyesol Limited (ASX:DYE) Achieved Final Milestones at Dye Solar Cells on Steel Project

Australian-based solar technology company Dyesol Limited (ASX:DYE) and its partner Tata Steel (BOM:500470) have presented to the Welsh Government a completed study of process capabilities and a comprehensive review of Intellectual Property regarding the successful development of the dye solar cells ("DSC") on steel project. The Welsh Government re-iterated their support in facilitating the continuation of the project, and indicated that Wales had already become a global centre of excellence for DSC, with the largest DSC product development facility in the world being located in Wales. All parties are committed to bringing DSC steel building products to market fruition.

U3O8 Limited (ASX:UTO) today announced further sampling results from the Saltwater Pool joint venture project in Western Australia, including an exceptionally high grade of 1590 g/t Ag , 8.49 g/t Au and 1830 ppm Cu. The region has very little historic exploration and the company believes the high grade discovery potential is significant.

Legacy Iron Ore Limited (ASX:LCY) will commence a second phase of 6,000m RC drilling next week at the Mt Bevan Iron Ore project in Western Australia. The drilling program, with an Exploration Target of 600Mt-800Mt grading between 30%-40% Fe, is to double the current inferred resource, further adding to the potential economics of the project. Drilling is scheduled for completion by early November 2011.

Alkane Resources Limited (ASX:ALK) has signed a Memorandum of Understanding ("MOU") to form a joint venture to market zirconium products in Europe, North America, and other defined markets. The MOU partner is a leading European manufacturing and trading company specialising in advanced ceramic materials and has many years experience in the zirconium industry. Alkane believes that the MOU is another key milestone for the development of its Dubbo Zirconia Project. Potential revenue from zirconium output at the 1Mtpa Project is estimated to be US$125-150 million per annum.


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