PART 2, Australian Bauxite (ASX:ABZ) CEO Ian Levy and Jacob Rebek Present at Investorium.tv
Chief Geologist Jacob Rebek outlines the history and value of ABx bauxite and the high quality of the material that can be used as "sweetener" for aluminium refineries. The high quality bauxite has been nicknamed "brown sugar".
Australian Bauxite Limited is an exploration company that holds the core of the Eastern Australian Bauxite Province with 29 tenements in Queensland, New South Wales, Victoria and Tasmania covering over 7,000 km2 - all selected on three firm principles:
- Quality - good quality bauxite with potential for significant resource tonnages;
- Proximity - easy access to infrastructure connected to export ports; and
- Accessibility - 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 significant bauxite deposits and new discoveries continue as knowledge and expertise develops.
ABx 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 less than 10% of the identified bauxite deposit. Australian Bauxite Limited aspires to identify bauxite resources in excess of 200 million tonnes in one of the world's best bauxite provinces.
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About 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.
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Australian Bauxite Ltd