Sydney, July 8, 2011 (ABN Newswire) - CONFERENCE VIDEO: PART 2: Australian Bauxite (
ASX:ABZ) Jacob Rebek, Chief Geologist and Founder of ABx presents to the Financial Markets at Investorium.tv in Sydney's Premier Jazz venue, the Basement.
Chief Geologist Jacob Rebek outlines the history and value of ABx bauxite and the high quality of the material that can be used as "sweetener" for aluminium refineries. The high quality bauxite has been nicknamed "brown sugar".
Australian Bauxite Limited is an exploration company that holds the core of the Eastern Australian Bauxite Province with 29 tenements in Queensland, New South Wales, Victoria and Tasmania covering over 7,000 km2 - all selected on three 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.
All tenements are 100% owned and free of obligations for processing and third-party royalties. ABx has already discovered significant bauxite deposits and new discoveries continue as knowledge and expertise develops.
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 New South Wales) 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.
To View the Full WebCast, please visit:
http://www.abnnewswire.net/press/en/68295/jacob-rebek
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.
About Investorium.tv
Investorium.tv is a Video Streaming and Live Financial Industry Event featuring CEOs of Public Companies held at Premier Venues in New York, Vancouver and Sydney. Investorium.tv records and video streams the events on "state of the art" digital recording and webcasting equipment, making high definition broadcast quality productions available to Members and the professional investment community.
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