Australian Bauxite Limited (ASX:ABZ) Tenements Transferred from Hudson Resources Limited
Sydney, Jan 14, 2010 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) has received advice from Queensland Mines and Energy that title in all the Queensland ABx Project Tenements have been transferred from Hudson Resources Limited to ABx3 Pty Ltd, a wholly owned subsidiary of ABx.
Summaries of bauxite mineralisation in this release have been determined by hand-sampling in most instances, with limited systematic surface sampling recorded in some areas as noted.
For the complete Australian Bauxite ASX Announcement including Tables and Figures, please click the link below:
http://www.abnnewswire.net/media/en/docs/62069-ASX-ABZ-579438.pdf
The effective date of transfer is 23rd December 2009.
The Queensland tenements are:
----------------------------------------------------------------Licence No Project Geological Description----------------------------------------------------------------EPM 17830 Haden Outcrops of a massiveEPM 17831 Hillgrove cemented bauxite layer.----------------------------------------------------------------EPM 17790 Hampton Bauxite in thick red soil on a 3 kilometres wide plateau. Whilst close to Brisbane Port, alternative transport options warrant consideration.----------------------------------------------------------------EPM 17800 Red Hill Outcrops of massive cemented bauxiteEPM 17801 Red Hill South layers in a Tertiary Volcanic area similar to those in EL 6997 at Inverell, NSW.----------------------------------------------------------------EPM 18014 Binjour Bauxite in thick lateritic red soil profile developed on a wide plateau. May be transported to Gladstone via an old rail line that could be rehabilitated.----------------------------------------------------------------
About Australian Bauxite Ltd
Australian Bauxite Limited (ABx) (ASX:ABX) has its first bauxite mine in Tasmania & controls the Eastern Australian Bauxite Province. ABx's 11 bauxite tenements in Queensland, New South Wales & Tasmania totalling 662 km2 are all 100% owned, unencumbered & free of third-party royalties. ABx's bauxite is gibbsite trihydrate (THA) bauxite that can be processed into alumina at low temperature.
ABx has committed a large proportion of its expenditure into Research and Development to find ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and partitioned into layers, nodules, particles and grains of different qualities that can be separated into different product streams using physical, chemical and geophysical methods.
ABx has declared large Mineral Resources in northern NSW, southern NSW, Binjour in central QLD & in northern Tasmania.
ABx's first mine commenced at Bald Hill near Campbell Town, Tasmania in 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 and has created significant bauxite development projects 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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