Half Year Accounts
Perth, Mar 11, 2016 AEST (ABN Newswire) - Bauxite Resources Limited (
ASX:BAU) are pleased to provide the Company's Half Year Accounts consisting of Bauxite Resources and the entities it controlled at the end of, or during, the half-year ended 31 December 2015.
During the half year ending 31 December 2015 the Company continued to focus primarily on resolving the issues surrounding the Felicitas Deposit with its Joint Venture Partner Yankuang Resources Pty Ltd (Yankuang). On 21 October 2015 the Company announced it had reached agreement to sell its interests in the Joint Venture to Yankuang. Formal documents were signed on 30 November 2015, with shareholder approval being received on 18 January 2016 and settlement occurring on the 21 January 2016.
For the full Half Year Accounts please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BAU-755963.pdf
About Bauxite Resources Limited
Bauxite Resources (ASX:BAU) (OTCMKTS:BXRDF) was established with a substantial tenement holding in Western Australia to develop new bauxite supply for the global alumina/aluminium industry. The Company listed on the Australian Securities Exchange (ASX) in October 2007.
The Darling Range in the south-west of Western Australia (WA) is the world's largest bauxite mining and alumina refining region producing around 20% of the world's alumina. This area has mined bauxite and refined alumina since the 1960s. These industries are leaders in sustainable resource development and represent the fifth largest sector of WA's resource industry.
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