Quarterly Report and Appendix 5B
Sydney, July 30, 2019 AEST (ABN Newswire) - Australian Bauxite Ltd (
ASX:ABX) (A7B:FRA) provide the Quarterly Report and Appendix 5B.
Corporate
- Group available cash at the end of the quarter was $1.3 million and currently is about $1.18 million.
Sales & Operations
- 32,477 tonnes of cement-grade bauxite was loaded and shipped from Bell Bay in early June, having been produced and delivered to port 3 weeks ahead of schedule. Sales of fertiliser-grade bauxite from Bald Hill are growing as the superphosphate fertiliser made by acid-processing of ABx bauxite is gaining strong sales
- Rehabilitation is nearing completion at Bald Hill in accordance with ABx's high standards
- Bulk-sampling at the Binjour bauxite project in QLD confirmed grades and upgrading tests were successful
To view the full quarterly report, please visit:
http://abnnewswire.net/lnk/JDVD1QH3
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.
| ||
|
