First Tasmanian Mining Lease Granted
Sydney, Sep 22, 2014 AEST (ABN Newswire) - Australian bauxite explorer, Australian Bauxite Limited (ABx) (
ASX:ABX), has been granted its first mining lease, ML1961 at its Bald Hill Project in Northern Tasmania. Bald Hill is located 60 kms southwest of Launceston.
The Company's CEO, Ian Levy, said granting of the mining lease comes after 5 years of exploration along Australia's eastern seaboard. Tasmania provides an ideal environment to host the Company's first mine - good quality bauxite; near infrastructure connected to export ports; & free of socio-environmental constraints.
"Bald Hill is our first mining lease. We have delineated two more in Northern Tasmania and are actively investigating other prospective bauxite areas.
"Production at Bald Hill is planned to commence at the end of 2014. Discussions are well advanced with local mining and transport contractors, in line with our policy of creating economic opportunities that benefit the local community. Our expectation is at least 30 jobs will be created as a consequence.
"Contracts will be settled following the 28 days public display of the Development Proposal and Environmental Management Plan," said Ian Levy.
Spearheading the development of the Tasmanian projects is Leon Hawker, ABx's Chief Operating Officer, who said:
"This is the first new bauxite mine in Australia for over 35 years and will introduce a new bauxite supply into the seaborne bauxite market.
"We look forward to continuing and further developing the relationships that have been built in Tasmania. I particularly wish to acknowledge the work undertaken and the support of the Mineral Resources Tasmania, a division of the Department of State Growth and the EPA and recognise the strong community support we enjoy.
"ABx can only operate with a strong social licence and however modest our contribution to local jobs, industry and the economy may be, we will make every effort to meet the expectations of our diverse stakeholders."
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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