ABZ Quarterly Report Sep 2012
Sydney, Oct 30, 2012 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) quarterly report is dated 30th October 2012 and is for the three months to 30th September 2012 with the following principal points
Corporate
- Share Purchase Plan raises $455,850
- Cash in hand at 30 September was $2.29 million Exploration
- Tasmanian bauxite project taking shape
-- 334 holes & 1,521 samples have defined best bauxite zones in central Northern Tasmania.
- Drill success at Tasmanian deposit DL-130 showing 6 metre thick Bauxite over wide area
-- 97km trucking distance to Bell Bay deep water port on heavy duty highway
- Three State Significant projects - Study, results and development updated
-- Expediting development of two nearterm bauxite export operations to ship bauxite from Port Kembla and Bell Bay ports
-- Goulburn Pre Feasibility completed
-- Binjour metallurgical studies commenced
Tenement status
Tenements are 100% in good standing.
For the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-703477.pdf
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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