ABN Newswire

Australian Bauxite Limited (ASX:ABZ) Chairman's Address to Shareholders

newsroom@abnnewswire.net — Mon, 28 May 2012 15:43:40 GMT

Australian Bauxite Limited (ASX:ABZ) are pleased to provide the Chairman's Address to Shareholders at the 2012 Annual General Meeting held today.

Good morning, ladies and gentlemen and welcome to the Australian Bauxite Limited's 2012 Annual General Meeting. This is my first year as Chairman, and I would like to take this opportunity to thank and acknowledge Deputy Chairman Peter Meer's prior work as Chairman since the Company's successful IPO in December 2009. On behalf of the Shareholders, Board and staff, I would also thank Vincent Tan, who is stepping down from the Board today, for his important role in the creation of the Company.

Last year Australian Bauxite achieved several significant and ambitious objectives, and I am pleased to report on the Company's positive progress during this year. Reflecting on last year, it is remarkable that Australian Bauxite's declared bauxite resources doubled to 86 million tonnes (1, 2, 3, 4, 5) during that period. Of perhaps even more significance is that last year also heralded the Company's identification of two potentially economic projects.

The first and most advanced is located in the Goulburn and Taralga area of southern New South Wales, which I will expand on shortly. In early February this year, the Company announced the discovery of a 33 metre thick high-grade bauxite intersection at Taralga - possibly one of the thickest bauxite intersections ever discovered in Australia. Current bauxite resources at Taralga total 25 million tonnes(2) and the 2012 resource upgrade is well underway.

The second project identified is the Binjour project, situated 100km inland from Bundaberg Port in central Queensland. In October, a 16.8 million tonnes maiden resource was declared at the Binjour Plateau(4) that confirmed the discovery of a significant bauxite deposit which included bauxite of outstandingly high quality.

Despite being in only its fourth year of operation, Australian Bauxite is working on project development and is no longer just a bauxite explorer. Nevertheless, Australian Bauxite is still conducting an aggressive exploration program, and expanding its tenement holdings to ensure it controls the core of the Eastern Australian Bauxite Province. The company currently owns 37 astutely selected tenements covering 8,582 square kilometres.

Australian Bauxite's high success rate in locating economic bauxite is the direct result of sophisticated analysis based on the increasing expertise and knowledge base of its geological team.

Australian Bauxite is pleased to also be firmly repositioned as an emerging bauxite-development company. In preparation for this, Australian Bauxite expanded its team late last year when it warmly welcomed senior mining engineer Drago Panich to become its new Goulburn Bauxite Project Manager. Australian Bauxite's move towards project development began in earnest when it announced, that in conjunction with the Marubeni Group, it was conducting a $1.5 million dollar pre-feasibility study to assess the best strategy to progress the Goulburn Bauxite Project. At the present time, the pre-feasibility study has established that economic project investments are feasible at low capital costs, and, subject to completion of a larger project case, we anticipate releasing the report results shortly. However, the report contains a considerable amount of commercial-in-confidence information (eg. precise costs of production) that will not be released publicly as it would be unwise to do so prior to conclusion of detailed negotiations with potential offtake customers which are already underway.

As Australian Bauxite continues working on project development, it is worth noting that growth in bauxite demand and bauxite prices has been strong over the past seven years. We note that since 2005 prices in bauxite imported to China have risen from US$27 per tonne, to more than US$70 per tonne. In the past year, China's bauxite imports increased by 50% and currently exceed 50 million tonnes per year. Furthermore China's reliance on Indonesia's bauxite is currently being somewhat challenged by the Indonesian Government's decisions to reduce and heavily tax bauxite exports from Indonesia as Indonesia develops its own aluminium industry. Australia must develop new bauxite projects and we believe Australian Bauxite Limited is ideally positioned to be the first new bauxite project in Australia for several decades.

In summary, the Director's anticipate that high quality Australian bauxite will become increasingly attractive to overseas markets. We are confident that Australian Bauxite is very well positioned to take advantage of substantial future export opportunities.

In closing, I would like to thank the Board, and in particular Ian Levy and his senior management team, staff and consultants for their remarkable work over the past 12 months. Your Directors' once again look forward to the future year with confidence that Australian Bauxite will deliver yet another year high achievement.

Hon. John Dawkins AO
Chairman

(1) 09/05/2012 ASX Inverell Resource Grade Improvement
(2) 12/05/2011 ASX Taralga Bauxite Resource Doubled to 25 Million Tonnes
(3) 15/08/2011 ASX Guyra Maiden Resource (6 Million Tonnes)
(4) 12/10/2011 ASX Binjour Maiden Resource (17 Million Tonnes)
(5) 02/09/2010 ASX Inverell JORC Resource Update (38 Million Tonnes)

Australian Bauxite Limited
T: +61-2-9251-7177
F: +61-2-9251-7500
WWW: www.australianbauxite.com.au

Australian Bauxite Limited (ASX:ABZ) Audio Interview With CEO Ian Levy

newsroom@abnnewswire.net — Thu, 10 May 2012 09:17:00 GMT

Australian Bauxite Limited (ASX:ABZ) advises that it has released a webcast with CEO Ian Levy.

The interview can be heard on the ABx website on the NEWS tab and at http://abnnewswire.net/lnk/V7Y55Q89.

For further information please contact
Investor Relations, Henry Kinstlinger
Australian Bauxite Limited Telephone: +61-2-9251-7177

Australian Bauxite Limited
T: +61-2-9251-7177
F: +61-2-9251-7500
WWW: www.australianbauxite.com.au

Australian Bauxite Limited (ASX:ABZ) Inverell Resource Grade Improvement - 38 Million Tonnes Resource

newsroom@abnnewswire.net — Tue, 8 May 2012 10:35:00 GMT

Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) discovered a thick layer of good quality bauxite in 2008-09 at its Inverell project in northern NSW (see Figure 1). Parts of that bauxite lie beneath a clay horizon and required further investigation. ABx conducts thorough evaluation programmes and results from 37 new holes into the concealed bauxite are generally consistent with previous Inferred resource estimates for those zones.

A rigorous selection of the bauxite intercept thicknesses and grades has been applied so that the grades of the resources better reflect the nature of the deposit, with A/S ratios increasing from 6.7 to 8.5 and Al2O3 increasing from 37.8% to 40.2%.

The Inverell deposit lies near the top of a plateau north of the city of Inverell, which has been widely cleared for farming and grazing.

The bauxite in the resource area is consistently medium quality, low silica gibbsite bauxite suitable for low temperature bauxite-alumina refineries.

New areas of bauxite in the Inverell-Stannifer-Guyra area of northern NSW have been discovered in recent months and are currently being explored to expand resource extent and to identify resource drilling targets.

Logistical Setting

The Inverell bauxite project is located approximately 430kms inland from Newcastle port and is not serviced by a heavy duty rail line. Therefore, this bauxite project is not considered a candidate for early development for direct export. However Inverell may form part of a sizeable bauxite province in northern NSW that has potential to justify a bauxite processing facility, possibly even a new bauxite-alumina refinery.

Further Work Planned

The bauxite deposit is open in many locations and many other deposits have been identified. New tenements containing high-grade bauxite outcrops have been secured in the region, especially at Stannifer halfway between Inverell and Guyra. These will be the next areas evaluated in northern NSW.

RESOURCE ESTIMATE METHOD

Reconnaissance and follow-up exploration drilling was done on a semi-random but systematic pattern governed by site availability across Inverell EL 6997 to test several of the many bauxite targets. By 30 November 2011, 233 holes had intersected a moderate quality bauxite layer, concealed in many places beneath a surface clay and soil layer 1 to 3 metres thick.

Drill samples were collected at 1 metre intervals from the aircore drillholes and analysed at ALS Laboratories in Brisbane including trihydrate (THA) available alumina ("Al2O3 Avl") and reactive silica ("Rx SiO2") measurements. Leach conditions to measure available alumina "Al2O3 Avl" and reactive silica "Rx SiO2" were 1g leached in 10ml of 90gpl NaOH at 143 degrees C for 30 minutes.

Estimation was done by geostatistical block modelling of bauxite intercepts, constrained within geological boundaries using Gemcom resource estimation software. The block size is 25m x 25m and drill spacing within the bauxite zones was typically at 75 to 150 metres spacings. Data interpolation of up to 350 metres was done, based on statistical assessments of continuity.

A tight boundary was drawn around bauxite intercepts in the new areas and the resources within these new areas were classified as Indicated because of the close-spaced drilling inside those boundaries. No Inferred Boundary has been drawn because of the high proportion of concealment. In the areas drilled in the past, blocks with less than 6 datapoints within that 350 metre search ellipse were classified as Inferred Resources and the more heavily drilled blocks were classified as Indicated Resources.

Bauxite density was conservatively assumed at 1.85 dry tonnes per cubic metre in situ even though this bauxite layer is generally unweathered due to protection from the overlying clay layer.

To view the full announcement including charts and tables, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-677907.pdf

Australian Bauxite Limited
T: +61-2-9251-7177
F: +61-2-9251-7500
WWW: www.australianbauxite.com.au

Australian Bauxite Limited (ASX:ABZ) Quarterly Activities Report

newsroom@abnnewswire.net — Fri, 27 Apr 2012 14:29:00 GMT

Australian Bauxite Limited (ASX:ABZ) quarterly activities statement is dated 27th April 2012 and is for the three months ending 31st March 2012.

PRINCIPAL POINTS

Corporate

- Mr Ken Boundy was appointed alternate director for Mr Vincent Tan

- Cash in hand at the end of the March 2012 quarter was $ 2.5 million

- Pre-feasibility study nearing completion

Exploration

- Discovery of the company's thickest highgrade bauxite intersection - possibly one of the thickest bauxite intersections in Australia. Most Australian bauxite deposits are less than 4 metres thick(5)

- 33 metre thick high grade bauxite discovered at Taralga6 March Quarter Exploration Summary

- During the March quarter exploration focused on completing the Goulburn Bauxite Pre-feasibility study

- Drilling continued at Binjour in Queensland where a new zone of high-grade bauxite occurring at surface and up to 10 metres thick was discovered

- Ground reconnaissance recommenced at Tasmania in anticipation of recommencing drilling

Goulburn Bauxite Project Pre-Feasibility Study (PFS)

The PFS continues on schedule and to budget and joint venture partners are reviewing the data. The PFS will soon be released.

Tenement status

Tenements are 100% in good standing.

Taralga NSW

33 metres Thick High Grade Bauxite Discovered at Taralga, NSW(6)

During the March quarter ABx discovered the company's thickest high-grade bauxite intersection- possibly one of the thickest bauxite intersections in Australia. Most Australian bauxite deposits are less than 4 metres thick.

- 33 metres of continuous high-grade bauxite intersected in hole TG626 beneath 1 metre of clay near Mt Rae, Taralga NSW

- Hole TG626 ended in high grade direct shipping bauxite - deposit is still open at depth

- Nearby holes also encountered thick bauxite and ended in high-grade bauxite

Resource Estimation Update

Areas of thick, good quality bauxite continued to be discovered across the Taralga - Mt Rae Areas. An upgrade to the resource estimate for Taralga will be completed following completion of the Pre Feasibility Study (PFS).

Current bauxite resources at Taralga total 25 million tonnes (see Resource Statement page 3).

Main Production is DSO Bauxite (see Glossary)

Metallurgical Results Encouraging

Metallurgical tests on large samples have been completed as part of the Pre Feasibility Study, with METS Engineers of Perth coordinating and summarising testwork done by AMDEL and Nagrom Laboratories.

More than half of the bauxite resources are gibbsite-rich, low silica bauxite, ideal for direct shipping bauxite "DSO" without significant handling. The remainder contains 20% to 30% nodules or "pisoliths" of a black, dense glassy material, which is a fused alumina and trace magnetic iron oxides. Well-known bauxite mineralogist, Professor Eggleton of the Australian National University coined the term "PDM" for these pisoliths, which he found in other bauxites. PDM stands for "poorly diffracting material" when subjected to Xray diffraction.

Metallurgical tests confirmed that after PDM is easily removed by gravity, the remaining bauxite is goodquality DSO bauxite.

This means that overall, DSO will represent approximately 75% to 85% of total tonnes produced from the Goulburn Bauxite Project. The recovered PDM emery material may be sold at good prices for industrial uses.

Port Kembla Opportunities

The range and capacity of opportunities for efficient port handling at Port Kembla have been encouraging.

Negotiations will continue for several months to assess the best way to tranship bauxite onto large bulk carrying vessels for export.

Market Developments

Imports of bauxite into China have achieved consecutive all-time monthly records reaching 5.26 million tonnes in March. The quantity of bauxite imported into China for the March Quarter exceeded 13 million tonnes, which is 50% higher than the previous year. The seaborne trade of bauxite into China's huge bauxite refining industry has risen from almost zero in 2005 to more than 50 million tonnes per year.

Since 2005, prices of bauxite imported into China have risen from US$27 per tonne to more than US$70 per tonne CIF Shandong Ports, China.

The majority of imports into China are gibbsite-rich bauxite from Indonesia similar to the DSO bauxite that is to be produced by the Goulburn Bauxite Project and all other bauxite projects of Australia Bauxite Limited.

During the quarter, the Indonesian government took steps to enforce a large reduction in bauxite exports from Indonesia and/or an imposition of an export tax so as to encourage processing in Indonesia's aluminium industry. It is considered likely that a reasonable compromise will be achieved so that China can continue importing bauxite from Indonesia for the near-term and increasingly import bauxite from Australia, which is a more reliable supplier.

The market opportunities for Australian Bauxite Limited's bauxite appear substantial.

Australian Bauxite Limited
T: +61-2-9251-7177
F: +61-2-9251-7500
WWW: www.australianbauxite.com.au

Australian Bauxite Limited (ASX:ABZ) 20-20 Investor Series Presentation

newsroom@abnnewswire.net — Mon, 2 Apr 2012 09:34:00 GMT

Australian Bauxite Limited (ASX:ABZ) is pleased to provide their CEO Presentation at the 20-20 Investor series, regarding 'Developing East Coast Bauxite Projects'.

To view the Australian Bauxite presentation, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-673534.pdf

Australian Bauxite Limited
T: +61-2-9251-7177
F: +61-2-9251-7500
WWW: www.australianbauxite.com.au

Australian Bauxite Limited (ASX:ABZ) Annual Report to Shareholders

newsroom@abnnewswire.net — Fri, 30 Mar 2012 09:59:00 GMT

Australian Bauxite Limited (ASX:ABZ) achieved its objectives during 2011 and the outlook remains positive for 2012 as the company progresses from an explorer to a bauxite development-exploration company.

Total company bauxite resources doubled to 84 million tonnes during the year and two potentially economic projects have been identified in the Goulburn area of southern New South Wales and the Binjour project 100km inland from Bundaberg Port in central Queensland. Two other projects are also showing potential as detailed in the operations review of this annual report.

Since listing at 20 cents on 24 December 2009, the Company's share price has been commendably robust in a volatile market - testimony to its basic strengths. Its 38 bauxite tenements in QLD, NSW and Tasmania covering 8,539km2 were rigorously selected on 3 principles:

1. high quality bauxite that can be refined into alumina at low temperature - the type that is increasingly in short supply, especially for the large Chinese refineries that rely on bauxite imports.

2. proximity to infrastructure connected to export ports

3. free of socio-environmental or native title land constraints.

All tenements are 100% owned and free of obligations for processing and third party royalties. Australian Bauxite Limited aspires to identify large bauxite resources in the Eastern Australian Bauxite Province, which is emerging as one of the world's best bauxite provinces, with the potential to create significant bauxite developments in three states - QLD, NSW and Tasmania.

Australian Bauxite Limited endorses best practices on agricultural land, striving to leave land and environment better than we find it. We operate only where welcomed.

The year ahead will create more opportunities and challenges. The recent destructive flooding in eastern Australia has had a small impact on our drill programs due to risk management by an experienced exploration team and the geographic diversity of the Company's exploration tenements.

Our most advanced project is the Goulburn Bauxite Project centred on Goulburn and Taralga in southern NSW. In conjunction with the Marubeni Group, we are currently conducting a $1.5 million pre-feasibility study to assess how best to progress that project. We will report the results of the pre-feasibility study in the second quarter.

Our projects will sell high quality bauxite, probably to alumina refineries in China, India and potentially within Australia. The bauxite market is not directly related to the aluminium metal market which is experiencing a significant reduction in the cost of making aluminium in the giant, new-age aluminium smelters that use new technologies and cheap electricity in China, Middle East, Iceland and Russia.

The world's largest markets for bauxite are the large, new Chinese alumina refineries which are increasingly importing bauxite from Australia and Indonesia to refine into alumina (aluminium oxide powder) which they then smelt into aluminium metal. Chinese bauxite imports have risen from zero in early 2005 to more than 45 million tonnes in 2011 - and still growing strongly. Bauxite prices have risen from US$27 per tonne in 2005 to US$75 per tonne in 2007 before the global financial crisis and are currently steadily rising towards US$60 and beyond. This has happened whilst aluminium prices have remained flat. Our forecast is for this strengthening in the bauxite market to continue because Indonesia has already started to apply restrictions on bauxite exports to China as it develops its own aluminium industry.

These market developments will continue to support seaborne trade of bauxite particularly from politically stable countries with reliable, efficient transport logistics.

The potential for substantial value accretion for the Company shareholders look promising.

The Directors would like to thank management, staff and our consultants for their enthusiastic teamwork and achievements over the past year. On behalf of the Board, shareholders and management I especially thank our founding Chairman, Peter Meers who has taken a supportive executive role and will serve as Deputy Chairman. We look ahead to another year of high achievement and growth.

View the complete Annual Report here:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-673300.pdf

Australian Bauxite Limited
T: +61-2-9251-7177
F: +61-2-9251-7500
WWW: www.australianbauxite.com.au

Australian Bauxite (ASX:ABZ) State One Stockbroking Analyst Report

newsroom@abnnewswire.net — Mon, 19 Mar 2012 10:40:11 GMT

Australian Bauxite (ASX:ABZ) Announce, consequent to the outstanding drilling results at Taralga, State One Stockbroking has set a price target of $1.26 for Australian Bauxite.

The complete Analyst Report an be accessed by clicking on the following link:
http://abnnewswire.net/lnk/ETOP97K3

For further information please contact 
Investor Relations, Henry Kinstlinger
Australian Bauxite Limited 
Telephone: +61-2-9251-7177

Australian Bauxite Limited (ASX:ABZ) Drilling Confirms 30 Metres True Thickness of Bauxite at Taralga, NSW

newsroom@abnnewswire.net — Thu, 9 Feb 2012 09:04:00 GMT

Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) has drilled 4 new vertical holes TG677 to TG680 around hole TG626 at Mt Rae which, in December 2011, discovered the company's then record thickest high-grade bauxite intersection - possibly one of the thickest bauxite intersections in Australia. Thicker bauxite was found.

New hole TG680 intersected a new record 33 metres true thickness of bauxite from surface to 33m depth whilst hole TG677 intersected 24 metres and holes TG678 & TG679 intersected 32 true thickness of bauxite. Holes and bauxite thicknesses are shown in Figure 4 (see link at the bottom of the release) with results to hand summarised in Table 1 (see link at the bottom of the release).

Most Australian bauxite deposits are less than 4 metres thick and some are less than 2 metres thick whereas holes TG626, TG677 to TG680 average 30 metres true thickness.

ABx and Marubeni Corporation are conducting a $1.5 million pre feasibility study of the Goulburn Bauxite Project. This zone of thick bauxite increases the resource potential of the Taralga bauxite areas, near Goulburn NSW.

The district's deposits contain thick zones of premium grade bauxite, with good potential for more discoveries. All deposits are gibbsite-rich (trihydrate) bauxite and free of clays and boehmite (monohydrate-free). All horizons produce Direct Shipping or "DSO" bauxite.

Resource Estimation Update

Areas of thick, good quality bauxite continue to be discovered across the Taralga - Mt Rae Areas. It is intended to upgrade the resource estimate for Taralga before the end of the current Pre Feasibility Study ("PFS"), which is scheduled to conclude at the end of March. Como Engineers of Perth have been appointed to coordinate cost estimations and prepare the PFS report.

Current bauxite resources at Taralga total 25 million tonnes (see Resource Statement page 4 from the link at the bottom of the release).

Metallurgical Results Encouraging: Main Production is DSO Bauxite Metallurgical tests on large samples have been done as part of the Pre Feasibility Study, with METS Engineers of Perth coordinating and summarising the testwork (report in progress).

The Goulburn district bauxite deposits typically have an upper half that contains nodules or "pisoliths" of a black, glassy material which is an emery, comprising mainly fused alumina and trace iron oxides. Well-known bauxite mineralogist, Professor Eggleton of the Australian National University coined the term "PDM" for these black pisoliths which he found in bauxites from Weipa, Northern QLD. PDM stands for "poorly diffracting material" when subjected to X-ray diffraction.

Metallurgical tests on the PDM-bearing bauxite ("PDM-DSO Bx") from the Taralga area have been able to recover the PDM by gravity methods and the remaining bauxite is good-quality DSO bauxite, similar to the DSO bauxite that typically occurs in the lower half of the deposits. This means that overall, DSO will represent approximately 75% to 85% of total tonnes produced from the Goulburn Bauxite Project. The recovered PDM emery material can be sold at good prices for industrial uses.

Because this PDM-bauxite layer typically has less than 15% Loss on Ignition "LOI" (see Appendix details), it was previously referred to as "Dehydrated" bauxite. It is now called PDM-DSO Bx bauxite.

For the complete announcement including tables and Resource Statement, please view:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-666263.pdf

Investor Relations
Henry Kinstlinger
Australian Bauxite Limited 
Telephone: +61-2-9251-7177 
Fax: +61-2-9251-7500
Email: corporate@australianbauxite.com.au
http://www.australianbauxite.com.au

Australian Bauxite Limited (ASX:ABZ) ABZ Board Room Radio CEO Interview

newsroom@abnnewswire.net — Tue, 31 Jan 2012 08:45:00 GMT

Australian Bauxite Limited advises that it has released a webcast with CEO Ian Levy. The interview can be heard on the ABx website on the NEWS | MEDIA page and at:
http://abnnewswire.net/lnk/9DZA65LJ

Investor Relations
Henry Kinstlinger
Australian Bauxite Limited
TEL: +61-2-9251-7177

Australian Bauxite Limited (ASX:ABZ) Announce 28 Metre Thick High Grade Bauxite Discovered at Taralga, NSW

newsroom@abnnewswire.net — Mon, 30 Jan 2012 08:37:00 GMT

Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) has received laboratory results from its December 2011 drilling campaign at Taralga near Goulburn, southern NSW (see Figure 1 - refer to ABx announcement link at bottom of release). Results from hole TG626 at Mt Rae (see Figures 2 & 3 for locations) and several nearby holes confirmed the discovery of the company's thickest high-grade bauxite intersection - possibly one of the thickest bauxite intersections in Australia. Most Australian bauxite deposits are less than 4 metres thick and some are less than 2 metres thick whereas hole TG626 intersected 28 metres.

Australian Bauxite CEO Ian Levy said; "ABx and Marubeni Corporation (TSE:8002) are currently conducting a A$1.5 million pre feasibility study of the Goulburn Bauxite Project, and Taralga is one of the bauxite resource study areas that continues to surprise, especially around Mt Rae, west of Taralga."

The district's deposits contain thick zones of premium grade bauxite, with good potential for more discoveries. The recent discovery hole, TG626 remains open at depth and laterally.

All deposits are gibbsite-rich (trihydrate) bauxite with very low levels of reactive silica clays and free of boehmite (monohydrate). All horizons can produce Direct Shipping or "DSO" bauxite (see Definitions).

Resource Estimation Update

Areas of thick, good quality bauxite continue to be discovered across the Taralga - Mt Rae Areas. It is intended to upgrade the resource estimate for Taralga before the end of the current Pre Feasibility Study ("PFS"), which is scheduled to conclude at the end of March. Como Engineers of Perth have been appointed to coordinate cost estimations and prepare the PFS report.

Current bauxite resources at Taralga total 25 million tonnes (see Resource Statement page 4). Metallurgical Results Encouraging: Main Production is DSO Bauxite Metallurgical tests on large samples have been done as part of the Pre Feasibility Study, with METS Engineers of Perth coordinating and summarising the testwork (report in progress).

The Goulburn district bauxite deposits typically have an upper half that contains nodules or "pisoliths" of a black, glassy material which is an emery, comprising mainly fused alumina and trace iron oxides (see Figure 4). Well-known bauxite mineralogist, Professor Eggleton of the Australian National University coined the term "PDM" for these black pisoliths which he found in bauxites from Weipa, Northern QLD. PDM stands for "poorly diffracting material" when subjected to X-ray diffraction.

Metallurgical tests on the PDM-bearing bauxite ("PDM-DSO Bx") from the Taralga area have been able to recover the PDM by gravity methods and the remaining bauxite is good-quality DSO bauxite, similar to the DSO bauxite that typically occurs in the lower half of the deposits (see Figure 4). This means that overall, DSO will represent approximately 75% to 85% of total tonnes produced from the Goulburn Bauxite Project. The recovered PDM emery material can be sold at good prices for industrial uses.

Because this PDM-bauxite layer typically has less than 15% Loss on Ignition "LOI" (see Appendix details), it was previously referred to as "Dehydrated" bauxite. It is now called PDM-DSO Bx bauxite.

Complete results are listed in the Appendix and are summarised in Table 1.

To view the complete Australian Bauxite announcement, including Tables & Figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-664902.pdf

Henry Kinstlinger
Investor Relations
Australian Bauxite Limited
Tel: +61-2-9251-7177
Email: corporate@australianbauxite.com.au
http://www.australianbauxite.com.au