Quarterly Activities and Cashflow Report
Melbourne, Oct 29, 2012 AEST (ABN Newswire) - Bauxite Resources Ltd (
ASX:BAU), and its joint ventures has increased its overall JORC compliant bauxite resource base to 142.3 million tonnes with a new bauxite resource defined at the Bauxite Alumina Joint Ventures (BAJV) Cronus deposit approximately 15km east of Boyup Brook, Western Australia. This is the first bauxite resource defined in the Boyup Brook area by the BAJV. Further drilling in the southern tenements is currently underway, and planning for future exploration work is occurring although no immediate follow up work is planned for the Cronus deposit.
BRL considers the JORC resource increases achieved over the last 12 months to be an excellent result that significantly improves the opportunities for the Company and its joint venture partners to develop bauxite mining operations in the south west of Western Australia (WA). The Company now has a number of potential mining projects in its portfolio and over the coming months will, together with its JV partners, identify those that should be prioritised for development.
View the full Quarterly Activities report here;
http://media.abnnewswire.net/media/en/docs/ASX-BAU-610622.pdf
About Bauxite Resources Limited
Bauxite Resources (ASX:BAU) (OTCMKTS:BXRDF) was established with a substantial tenement holding in Western Australia to develop new bauxite supply for the global alumina/aluminium industry. The Company listed on the Australian Securities Exchange (ASX) in October 2007.
The Darling Range in the south-west of Western Australia (WA) is the world's largest bauxite mining and alumina refining region producing around 20% of the world's alumina. This area has mined bauxite and refined alumina since the 1960s. These industries are leaders in sustainable resource development and represent the fifth largest sector of WA's resource industry.
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