Australian Bauxite Ltd Stock Market Press Releases and Company Profile
Australian Bauxite Limited (ASX:ABZ) Applies For Eight New Bauxite Exploration Tenements Totalling 1,508km2 in Tasmania
Australian Bauxite Limited (ASX:ABZ) Applies For Eight New Bauxite Exploration Tenements Totalling 1,508km2 in Tasmania

Sydney, Mar 9, 2010 AEST (ABN Newswire) - Emerging Australian bauxite company, Australian Bauxite Limited (googlechartASX:ABZ) has applied for eight (8) new bauxite exploration tenements in Tasmania covering an area totalling 1,508 square kilometres (km2) and containing good quality bauxite in favourable settings for potential development.

Australian Bauxite Limited CEO, Ian Levy said; "These unexpectedly high quality bauxite discoveries are especially exciting because they are all in cleared land, near to rail transport networks leading directly to major export ports in a state with a well-developed mining sector. There are also coal mines and an aluminium smelter nearby which could assist in making the processing of bauxite in Tasmania attractive.

"Because of this major expansion in our tenement areas, we intend to step-up our exploration efforts to accelerate the rate of expansion in our JORC-compliant resources and to establish project prioritisation.

"These new discoveries of bauxite demonstrate that the disciplined work by our exploration team led by Jacob Rebek since 2006, and Tamara Coyte in Tasmania, has given us control of the core of the Eastern Australian Bauxite Province which we believe contains better bauxite than most bauxites world-wide."

For the complete Australian Bauxite ASX Announcement, please click the link below:

http://www.abnnewswire.net/media/en/docs/62410-ASX-ABZ-585794.pdf

About Australian Bauxite Ltd

Australian Bauxite Ltd ASX:ABXAustralian 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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Contact

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



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