Australian Bauxite Limited (ASX:ABZ) CEO Ian Levy Speaks To Brian Carlton at Sydney Symposium Resources Roadshow
Sydney, June 24, 2010 (ABN Newswire) - FINANCE VIDEO: Australian Bauxite Limited (
ASX:ABZ) CEO Ian Levy Speaks with Brian Carlton at Sydney Symposium Resources Roadshow.
Australian Bauxite Limited (ABx) is an exploration company that holds the core of the Eastern Australian Bauxite Province with twenty-six tenements in Queensland, NSW, Victoria and Tasmania covering over 6,500 km2 - all selected on 3 firm principles:
- Quality - good quality bauxite with potential for significant resource tonnages;
- Proximity - easy access to infrastructure connected to export ports; and
- Accessibility - free of socio-environmental or native title land constraints.
Watch the Video Interview Here:
http://www.abnnewswire/press/en/63166/ASX-ABZ
ABx bauxite is high quality and can be processed into alumina at low temperature; the type that is in short supply globally. At the company's first drilling prospect in Inverell, northern NSW, a maiden resource of 22 million tonnes has been reported from drilling less than 10% of the identified bauxite deposit. Australian Bauxite Limited aspires to identify bauxite resources in excess of 200 million tonnes in one of the world's best bauxite provinces.
ABx has the potential to create three state-significant bauxite processing projects, one each in Queensland, New South Wales and Tasmania and has several bauxite deposits that are favourably located for direct shipping of bauxite to export customers. Our business plan is to prove up the largest tonnage of high quality bauxite resources of any comparable company and to market premium-priced bauxite products into both the rapidly growing Asia-Pacific region (especially China) and the large eastern Australian aluminium industry.
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.
