Quarterly Activities Report
Perth, Jan 29, 2014 AEST (ABN Newswire) - Bauxite Resources Limited (
ASX:BAU) continues to focus primarily on the exploration and evaluation of bauxite prospectivity in BRL's extensive tenement holding in Western Australia's Darling Range, the largest bauxite and alumina producing region in the world.
Currently the Company and its joint Venture Partners hold ~14,266km2 (7,831km2 granted). Through a process of low cost resource targeting activities the Company is actively exploring its substantial tenement holdings and rationalising these tenements to maintain the most prospective areas for bauxite mineralisation.
Highlights:
- Bauxite resources held by Bauxite Resources Limited ("BRL") and its joint ventures partner's totals 338Mt - Resources are near surface, situated close to existing road and rail and port infrastructure.
- Felicitas bauxite deposit upgrade to 218.7Mt @ 39.1% Total Al2O3 (30.1 % available @ 148°C), 8.9% SiO2 (1.9% reactive @148°C) (all grades are unbeneficiated).
- Commenced environmental study on BRL's 100% Fortuna Deposit and undertaken conceptual mine planning activities as part of the Company's strategy of targeting export DSO shipments out of the Fortuna deposit.
- Discovered significant new mineralisation in both the north and east Darling Range, displaying high available alumina grade and low reactive silica. Significant intersections include;
-- 9m @ 32.2% avail Al2O3 (43.0% total), 2.1% SiO2 (reactive) from 2.5m
-- 7m @ 38.3% avail Al2O3 (49.1% total), 2.3% SiO2 (reactive) from 1m
-- 7m @ 38.1% avail Al2O3 (43.6% total), 2.9% SiO2 (reactive) from 0.5m
-- 13.5m @ 33.3% avail Al2O3 (46.6% total), 1.8% SiO2 (reactive) from 1m
- Indonesian bauxite export bans imposed effective 12 January 2014 means Darling Range bauxite is now further sought after by Chinese refineries as a long term alternative supply source.
- Successful hand-back of rehabilitated bauxite trial mining area as farmland to private owner.
- Cash at bank A$42.7 million and no debt.
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BAU-665327.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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