Quarterly Activity Report
Sydney, Jan 28, 2021 AEST (ABN Newswire) - Australian Bauxite Ltd's (
ASX:ABX) engineering, research and development costs continued for Binjour Project, exploration lab research and for Alcore and totalled $442,000, as recorded in Appendix 5B, including Alcore's research into Aluminium Fluoride technology, bauxite beneficiation and exploration, excluding staff and other administration costs.
ABx again tested our logistics and mining contractors in delivering a significant cargo of 33,405 tonnes to the port of Bell Bay, northern Tasmania. Mining and screening by Hazell Bros, cartage by Dave Wagner & Son and port services by QUBE Ports all stood the strain and the cargo was on-specification, carted and ship-loaded on time. Many thanks for their efforts during these very difficult times.
Rehabilitation at the Bald Hill Bauxite Project is going well and ahead of schedule, taking advantage of the better growing season this year. All land mined to date is returned to the Landowner in a more productive condition than when mining commenced in accordance with ABX's paramount corporate policy.
Alcore's bauxite refining has the potential to convert a tonne of bauxite valued at US$50 per tonne into a suite of products worth in excess of US$800 representing a 10-times increase in net value. It can also convert aluminium smelter by-products into AlF3 using a simplified, lower-cost, higher-profit "Refine & Recycle" version of the Alcore Process.
An Alcore project can be located anywhere in the world and can be located adjacent to aluminium smelters to Refine & Recycle aluminium smelter by-products. Alcore production is not constrained by resource supply and can be located near customers, near sources of low-cost feedstock such as recyclable smelter waste.
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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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