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 ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) started as a bauxite miner in Tasmania in 2014 & controls the Eastern Australian Bauxite Province. In 2020 to 2023, ABx also discovered Australia’s only true ionic adsorption clay Rare Earth Elements resource at Deep Leads in pine plantations 40km west of Launceston with a JORC-compliant resource of 89 million tonnes from only 29% of the mineralised outline, averaging 844 ppm total rare earth oxides that is the most enriched in the critically important rare earths, Dy and Tb, of any Australian REE deposit.
ABx has also developed a proprietary technology to produce fluorine chemicals from an aluminium smelter waste product and return the fluorine back into the smelters, thus reducing reliance on imported aluminium fluoride.
ABx has committed a large proportion of its expenditure into Research and Development and has found ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and can be separated into different product streams using physical, chemical and geophysical methods. It has produced and marketed specialist bauxite products for the manufacturers of fertiliser, cement with high late strength for major infrastructure such as bridges and is in the advanced stages of approvals for production of metallurgical bauxite from its Binjour Bauxite deposit with JORC-compliant resources of 37 million tonnes of bauxite, in a joint development with a Chinese-focussed Australian trading company Good Importing International.
ABx is also preparing to produce fertiliser grade and cement grade bauxite from its DL130 bauxite quarry in northern Tasmania, 40km west of Launceston. This quarry is sited in the middle of the large Deep Leads REE deposit and may one day be a site for heap leaching of the REE using a low-cost, benign leachate with the same acidity as apple juice or tea.
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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