Sydney, July 8, 2011 (ABN Newswire) - CONFERENCE VIDEO: PART 2: Australian Bauxite (ASX:ABZ) Jacob Rebek, Chief Geologist and Founder of ABx presents to the Financial Markets at Investorium.tv in Sydney's Premier Jazz venue, the Basement.
Chief Geologist Jacob Rebek outlines the history and value of ABx bauxite and the high quality of the material that can be used as "sweetener" for aluminium refineries. The high quality bauxite has been nicknamed "brown sugar".
Australian Bauxite Limited is an exploration company that holds the core of the Eastern Australian Bauxite Province with 29 tenements in Queensland, New South Wales, Victoria and Tasmania covering over 7,000 km2 - all selected on three firm principles:
- Quality - good quality bauxite with potential for significant resource tonnages;
- Proximity - easy access to infrastructure connected to export ports; and
- Accessibility - free of socio-environmental or native title land constraints.
All tenements are 100% owned and free of obligations for processing and third-party royalties. ABx has already discovered significant bauxite deposits and new discoveries continue as knowledge and expertise develops.
ABx bauxite is high quality and can be processed into alumina at low temperature - the type that is in short supply globally. At the company's first drilling prospect in Inverell (northern New South Wales) a maiden resource of 22 million tonnes has been reported from drilling less than 10% of the identified bauxite deposit. Australian Bauxite Limited aspires to identify bauxite resources in excess of 200 million tonnes in one of the world's best bauxite provinces.
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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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Australian Bauxite Ltd