Quarterly Report and Activity Statement
Sydney, Jan 28, 2020 AEST (ABN Newswire) - Australian Bauxite Ltd (
ASX:ABX) (A7B:FRA) provide the Quarterly Report and Activity Statement for the period to December 31, 2019.
Sales & Operations
- 32,477 tonnes of cement-grade bauxite was loaded and shipped from Bell Bay in early June. Sales of fertiliser grade bauxite from Bald Hill are on-going to plan, despite drought conditions
- Binjour: ABx's bulk-sampling programs at the Binjour bauxite project in QLD have defined the optimum mining lease application and clarified the mining-processing strategy for the project
- Mining Lease: ABx's directors have approved the lodgement of a mining lease application in early 2020 following confirmed grades and successful upgrading tests. This lodgement process commenced in late December. The Binjour project pre-production and working capital costs are fully funded by ABx's marketing partner, Rawmin Mining and Industries of India.
To view the quarterly report, please visit:
https://abnnewswire.net/lnk/E583B781
About ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) is a uniquely positioned Australian company delivering materials for a cleaner future.
The three priority projects are:
- Heavy rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains
o Processing Options Analysis conducted in partnership with external experts
- Clean fluorine chemical production: Producing industrial chemicals from aluminium smelter by-product (ALCORE)
o Continuous pilot plant under construction in Bell Bay, Tasmania
- Near-term bauxite production: Mining bauxite resources for the aluminium, cement and fertiliser industries
o Agreements executed with Good Importing International for bauxite projects in Queensland and New South Wales, and $2.7 million initial payment has been received
o Approvals well advanced for DL130 bauxite project in northern Tasmania
ABx endorses best practices on agricultural land and strives to leave land and environment better than we find it. We only operate where welcomed.
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