Australian Bauxite Limited (ASX:ABZ) Extended High Grade Brown Sugar Bauxite at Binjour Project Over a Wide Area
Sydney, Sep 19, 2011 AEST (ABN Newswire) - Emerging bauxite exploration and development company, Australian Bauxite Limited (
ASX:ABZ) has received laboratory results from drilling at its Binjour project in central QLD.
89 holes intersected a thick layer of bauxite located beneath a surface clay horizon, including some exceptionally high grade, thick gibbsite bauxite, ideal as a "sweetener" to any bauxite refinery.
Australian Bauxite CEO Ian Levy said; "Binjour is proving to be a fine bauxite deposit, containing premium grade bauxite, with good potential for more discoveries, including new discoveries of bauxite lying right at surface.
"Binjour project is destined to sell large tonnages of bauxite to alumina refineries needing "sweetener" bauxite that processes at low temperature and with low reactive silica contents.
"We call this "Brown Sugar" bauxite - sweet and greatly sort after. It will become a brand name.
Logistical Setting
In addition to the sealed Burnett Highway, a disused rail line sits at the southern end of the Binjour lease which has a low tonnage capacity unless significantly upgraded. Engineering studies and government discussions have been underway for several months to find a cost-effective solution. The Binjour project is near regional cities, power, water and a pro-development workforce.
Resource Estimation Underway
Good continuity of bauxite qualities and thickness on Swains Plateau may lead to a maiden resource estimation, albeit based only on those parts of the deposit that have had sufficient infill drilling. The extent of bauxite is being extended substantially as drilling continues.
Further Work Planned
The Swains Plateau bauxite deposit is open in many locations and at least four other deposits have been identified. Follow-up drilling of the latest bauxite discoveries at Binjour is scheduled to continue for October-November; such is the potential at Binjour.
It is planned to restart a second drill rig to test other deposits as soon as a rig and field team is in place.
For the complete Australian Bauxite Limited announcement including figures and tables, please view the following link:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-649227.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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