Binjour Bauxite Plateau Expands - Audio Webcast
Sydney, June 14, 2012 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) advises that it has released a webcast with CEO Ian Levy.
Mr. Levy speaks on the latest announcement regarding the Extended Binjour Bauxite Project, highlights of the announcement include;
High Grade "Brown Sugar" Bauxite Extended at Binjour Bauxite Project
Resource Upgrade Commenced
South Binjour Bauxite Plateau Discovered
- 133 new holes intersected high quality, thick bauxite at Binjour, Central QLD
- Surface exposures of bauxite have been discovered in a new area in the southeast
- Surface exploration further to the south and southeast has discovered the southern half of the Binjour Bauxite Plateau on the southern side of the Burnett River
- This South Binjour Bauxite Plateau discovery with bauxite exposed at surface has been secured by a large Exploration Permit application EPMA 19742
- Laboratory results from recent drillholes are being received and a resource upgrade for Binjour is underway
The audio interview can be heard on the ABx website on the NEWS tab and at http://abnnewswire.net/lnk/QH54303F
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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