Australian Bauxite Limited (ASX:ABZ) Announce High Grade Brown Sugar Bauxite Discovery at Guyra, NSW
Sydney, June 28, 2011 AEST (ABN Newswire) - Emerging bauxite exploration and development company, Australian Bauxite Limited (
ASX:ABZ) has received laboratory results from drilling at its Guyra project in NSW.
63 holes intersected a thick layer of bauxite located beneath a thin clay horizon, including some exceptionally high grade, thick gibbsite bauxite, ideal as a "sweetener" to any bauxite refinery.
Australian Bauxite CEO Ian Levy said; "This is our 2nd discovery of premium quality bauxite concealed under a thin clay layer. We hope to find a lot more.
"We may be able to sell large tonnages to bauxite-alumina refineries needing "sweetener" bauxite that processes at low temperature and has very low reactive silica contents.
"We've called this bauxite type "Brown Sugar" bauxite - sweet and greatly sort after. It may become a brand name in the industry one day.
"Being next to rail may help the Inverell-Guyra project get started early."
Logistical Setting
The best part of the bauxite discovered to date is immediately adjacent the standard gauge rail line connecting Guyra to Armidale, Werris Creek and thence to the heavy-duty rail to Newcastle minerals export port. Operations of the Guyra-Armidale rail has recently been suspended but the rail line is still in good condition, having recently been used for transportation of logging products.
Review of Environmental Factors
A Review of Environmental Factors (REF) has been submitted to the Department of Industry and Investment and is currently under consideration.
Resource Estimation Underway
Good continuity of bauxite qualities and thickness in places may lead to a maiden resource estimation, albeit based on only partial drilling of deposit zones that are still open and likely to be extended in coming months.
Further Work Planned
The bauxite deposit is open in many locations and many other deposits have been identified. Followup drilling of the Guyra discovery is being scheduled over the coming months in line with the REF.
For the complete Australian Bauxite Limited announcement including figures, tables and maps, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/639027.pdf
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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