Three State-Significant Projects - Audio Interview
Sydney, Oct 8, 2012 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) has released a webcast with CEO Ian Levy regarding ABx's Three State-Significant Projects.
The interview can be heard on the ABx website on the News and Events|Interviews page at:
http://www.australianbauxite.com.au/Interviews.htm
Abx has developed a highly successful exploration model for discovering high quality bauxite; this model has allowed the company to pinpoint the most prospective targets along Australia's eastern seaboard. Targets are prioritized on the on the basis of access to infrastructure and free of Native Title issues.
The selection of ground and exploration programs has moved apace and within three months of listing on the ASX in December 2009, a maiden JORC Resource of 22 million tonnes was announced for Inverell in February 2010. Seven months later a maiden resource of 5 million tonnes of high quality bauxite was announced at Taralga, within the Goulburn Bauxite Project. Since then there have been further discoveries which include Guyra with a maiden JORC Resource of 6 million tonnes.
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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