Next Shipment of Tasmanian Bauxite Confirmed
Sydney, May 25, 2017 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABX) (ABx) has received a letter of intent for a significant shipment of cement grade bauxite from its Bald Hill Bauxite Project near Campbell Town, northern Tasmania.
ABx marketing and logistics officers are in discussions with the customer's senior officers about delivery arrangements. The customer has requested confidentiality. After a successful trial period of 2016 the same customer is now reordering and increasing its next order.
The shipment date is expected to be early in the fourth quarter but may be expedited to meet customer's requirements. ABx will report further developments as they arise.
ABx CEO, Ian Levy said; "Interest from new customers is increasing because we have a unique cement-grade product range and our reputation is spreading in an industry which is normally reluctant to change ingredients unless benefits are proven. And all at once, we are also getting requests for metallurgical bauxite sales into China and India at better prices than 3 months ago."
Product development for 2017-18: ABx's has had excellent results from the recently concluded bulk mining and processing trials at the Fingal Rail mine site in Tasmania which processed ores from both Fingal Rail and Bald Hill resources using TasTech technology. Laboratory results are pending.
It is now considered likely that in 2018, multi-product shipments will be possible to different customers, each having different quality requirements. TasTech produces the spectrum of grades and handling characteristics that was hoped for, and at increased yields at low cost.
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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