ABZ Quarterly Report Sep 2012
Sydney, Oct 30, 2012 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) quarterly report is dated 30th October 2012 and is for the three months to 30th September 2012 with the following principal points
Corporate
- Share Purchase Plan raises $455,850
- Cash in hand at 30 September was $2.29 million Exploration
- Tasmanian bauxite project taking shape
-- 334 holes & 1,521 samples have defined best bauxite zones in central Northern Tasmania.
- Drill success at Tasmanian deposit DL-130 showing 6 metre thick Bauxite over wide area
-- 97km trucking distance to Bell Bay deep water port on heavy duty highway
- Three State Significant projects - Study, results and development updated
-- Expediting development of two nearterm bauxite export operations to ship bauxite from Port Kembla and Bell Bay ports
-- Goulburn Pre Feasibility completed
-- Binjour metallurgical studies commenced
Tenement status
Tenements are 100% in good standing.
For the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-703477.pdf
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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