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 ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) is a uniquely positioned Australian company delivering materials for a cleaner future.
The three priority projects are:
- Heavy rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains
o Processing Options Analysis conducted in partnership with external experts
- Clean fluorine chemical production: Producing industrial chemicals from aluminium smelter by-product (ALCORE)
o Continuous pilot plant under construction in Bell Bay, Tasmania
- Near-term bauxite production: Mining bauxite resources for the aluminium, cement and fertiliser industries
o Agreements executed with Good Importing International for bauxite projects in Queensland and New South Wales, and $2.7 million initial payment has been received
o Approvals well advanced for DL130 bauxite project in northern Tasmania
ABx endorses best practices on agricultural land and strives to leave land and environment better than we find it. We only operate where welcomed.
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