Three State-Significant Projects - Audio Interview
Sydney, Oct 8, 2012 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) has released a webcast with CEO Ian Levy regarding ABx's Three State-Significant Projects.
The interview can be heard on the ABx website on the News and Events|Interviews page at:
http://www.australianbauxite.com.au/Interviews.htm
Abx has developed a highly successful exploration model for discovering high quality bauxite; this model has allowed the company to pinpoint the most prospective targets along Australia's eastern seaboard. Targets are prioritized on the on the basis of access to infrastructure and free of Native Title issues.
The selection of ground and exploration programs has moved apace and within three months of listing on the ASX in December 2009, a maiden JORC Resource of 22 million tonnes was announced for Inverell in February 2010. Seven months later a maiden resource of 5 million tonnes of high quality bauxite was announced at Taralga, within the Goulburn Bauxite Project. Since then there have been further discoveries which include Guyra with a maiden JORC Resource of 6 million tonnes.
About ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) started as a bauxite miner in Tasmania in 2014 & controls the Eastern Australian Bauxite Province. In 2020 to 2023, ABx also discovered Australia’s only true ionic adsorption clay Rare Earth Elements resource at Deep Leads in pine plantations 40km west of Launceston with a JORC-compliant resource of 89 million tonnes from only 29% of the mineralised outline, averaging 844 ppm total rare earth oxides that is the most enriched in the critically important rare earths, Dy and Tb, of any Australian REE deposit.
ABx has also developed a proprietary technology to produce fluorine chemicals from an aluminium smelter waste product and return the fluorine back into the smelters, thus reducing reliance on imported aluminium fluoride.
ABx has committed a large proportion of its expenditure into Research and Development and has found ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and can be separated into different product streams using physical, chemical and geophysical methods. It has produced and marketed specialist bauxite products for the manufacturers of fertiliser, cement with high late strength for major infrastructure such as bridges and is in the advanced stages of approvals for production of metallurgical bauxite from its Binjour Bauxite deposit with JORC-compliant resources of 37 million tonnes of bauxite, in a joint development with a Chinese-focussed Australian trading company Good Importing International.
ABx is also preparing to produce fertiliser grade and cement grade bauxite from its DL130 bauxite quarry in northern Tasmania, 40km west of Launceston. This quarry is sited in the middle of the large Deep Leads REE deposit and may one day be a site for heap leaching of the REE using a low-cost, benign leachate with the same acidity as apple juice or tea.
ABx endorses best practices on agricultural land, strives to leave land and environment better than we find it. We only operate where welcomed.
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