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AUSTRALIAN BAUXITE LTD

ASX: ABX

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Former ASX code was ABZ

Australian Bauxite Limited (ABX) holds the core of the newly discovered Eastern Australian Bauxite Province. Its 29 bauxite tenements in Queensland, New South Wales and Tasmania covering 7,039 km2 were rigorously selected on 3 principles:

1. good quality bauxite;
2. proximity to infrastructure connected to export ports; and,
3. free of socio-environmental or native title land constraints.

All tenements are 100% owned and free of obligations for processing and third-party royalties.


ABx has already discovered many new bauxite deposits and discoveries are still being made as knowledge and expertise develops.

The ABx objective is to define several deposits (or groups of deposits) containing 100 - 200 million tonnes each in several sectors along the east coast of Australia.

The main focus is on quality because it is essential to produce premium quality bauxite in order to establish market presence.

During two years of extensive field work the ABx team made discoveries of new bauxite outcrops and exposures and defined new targets for drilling which are located up to 100km from the nearest bauxite occurrences reported in literature. Exploration for new targets continues contemporaneously with drill testing of targets defined to date.

The Company’s bauxite deposits are favorably located for direct shipping of bauxite to both local and export customers. The ABx discoveries of bauxite in Tasmania are yet to be evaluated by drilling but bauxite is confirmed to extend over relatively large areas.

The bauxite is high quality and can be processed into alumina at low temperature – the type that is in short-supply globally. At the company’s first drilling prospect in Inverell (northern New South Wales) a maiden resource of 22 million tonnes has been reported from drilling 10% of the area prospective for bauxite.

Australian Bauxite Limited aspires to identify bauxite resources in excess of 200 million tonnes in one of the world’s best bauxite provinces. ABx has the potential to create significant bauxite developments in three states - Queensland, New South Wales and Tasmania.

Mine For

bauxite, silica

Location of operation(s)

Queensland, New South Wales, Tasmania

Address

Level 2 131 Macquarie Street
SYDNEY, NSW, Australia

Phone

+61 2 9251 7177

Email

Website


Last Updated

14/7/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.