Australian Bauxite Limited (ASX:ABX) and its marketing partner, Rawmin Mining and Industries Pvt. Ltd commenced a review in late May of ABx's bauxite resources around Binjour totalling 28 million tonnes. Binjour is located 115kms from the export port of Bundaberg which is similar scale to the port used by Rawmin in India to export its bauxite to long-term customers.
Australian Bauxite Ltd
Australian Bauxite Limited (ABx) (ASX:ABX) has started its first bauxite mine in Tasmania and holds the core of the Eastern Australian Bauxite Province. ABx's 37 bauxite tenements in Queensland, New South Wales and Tasmania exceed 5,000 km2 and were rigorously selected for (1) good quality bauxite; (2) near infrastructure connected to export ports; and (3) free of socio-environmental constraints. All tenements are 100% owned, unencumbered & free of third-party royalties.
ABx's discovery rate is increasing as knowledge, technology and expertise grows.
The Company's bauxite is high quality gibbsite trihydrate (THA) bauxite and can be processed into alumina at low temperature.
ABx has declared large Mineral Resources at Inverell and Guyra in northern NSW, Taralga in southern NSW, Binjour in central QLD and in Tasmania confirming that ABx has discovered significant bauxite deposits including some of outstandingly high quality.
In Tasmania, at Bald Hill, the Company's first bauxite mine commenced operations on schedule on 9 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, which is emerging as a globally significant bauxite province. ABx has created significant bauxite developments 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.
Over the past 18 months Australian Bauxite Ltd (ASX:ABX) has increased its capacity to supply cement-grade bauxite whilst remaining ready to sell metallurgical grade bauxite when prices improve.
Current trends in the metallurgical grade Chinese markets are encouraging and Australian Bauxite Ltd (ASX:ABX) is beginning to engage with potential customer refineries - but current prices still need to rise a bit yet.
Australian Bauxite Ltd (ASX: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.
Australian Bauxite Ltd (ASX:ABX) is pleased to provide the attached material being presented at the RIU Sydney Resources Round Up being held at the Sofitel Sydney Wentworth Hotel on 10 & 11 May, 2017.
Australian Bauxite Ltd (ASX:ABX) is pleased to provide the Company's March 2017 Quarterly Activities Report.
Australian Bauxite Ltd (ASX:ABX) is pleased to provide the Company's Annual Report to shareholders for the year ended 31 December, 2016.
Australian Bauxite Ltd (ASX:ABX) is pleased to provide an exploration update. High quality refractory-grade bauxite discovered inland of Port Kembla ABx has discovered a layer of refractory-grade bauxite in Penrose state pine forest, adjacent to the Hume Highway, 90 kilometres from Port Kembla.
Australian Bauxite Ltd (ASX:ABX) is pleased to provide the Company's Quarterly Activities Report for three months ended 31 December, 2016.
Australian Bauxite Ltd (ASX:ABX) (ABx) currently sells bauxite into cement and fertiliser markets at prices higher than could be achieved in the over-supplied metallurgical bauxite market.
149,523 COMPANY PROFILE VIEWS
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