Quarterly Activities and Cashflow Report June 2013
Perth, July 19, 2013 AEST (ABN Newswire) - Bauxite Resources Limited (
ASX:BAU) announce the Quarterly Activities and Cashflow Report for June 2013 with the following highlights.
- Bauxite resource of BRL and its JV partners totals 243.7Mt
- Maiden resource at BRL's 100% Fortuna bauxite deposit (unbeneficiated) of - 26.8Mt @ 37.8% Al2O3 (total), 29.2% Al2O3 (available), 1.4% SiO2 (reactive) with further drilling campaign completed
- Felicitas, BRL & Yankuang JV total resource (unbeneficiated) increased to - 147.9Mt @ 39.4% Al2O3 (total), 30.1% Al2O3 (available), 1.9% SiO2 (reactive) including Measured Resource (unbeneficiated) of - 35.3Mt @ 39.0% Al2O3 (total), 30.5% Al2O3 (available), 1.3% SiO2 (reactive)
- 12 month share buyback program commenced in May 2013
- Peter Canterbury commenced as new CEO in May 2013
- Cash at bank A$43.9 million and no debt
To view the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BAU-642214.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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