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 Australian Bauxite Ltd
Australian Bauxite Limited (ABx) (ASX:ABX) has its first bauxite mine in Tasmania & controls the Eastern Australian Bauxite Province. ABx's 11 bauxite tenements in Queensland, New South Wales & Tasmania totalling 662 km2 are all 100% owned, unencumbered & free of third-party royalties. ABx's bauxite is gibbsite trihydrate (THA) bauxite that can be processed into alumina at low temperature.
ABx has committed a large proportion of its expenditure into Research and Development to find ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and partitioned into layers, nodules, particles and grains of different qualities that can be separated into different product streams using physical, chemical and geophysical methods.
ABx has declared large Mineral Resources in northern NSW, southern NSW, Binjour in central QLD & in northern Tasmania.
ABx's first mine commenced at Bald Hill near Campbell Town, Tasmania in December 2014 - the first new Australian bauxite mine for more than 35 years.
ABx aspires to identify large bauxite resources in the Eastern Australian Bauxite Province and has created significant bauxite development projects in 3 states, Queensland, New South Wales and Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.
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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