Targeting Emerging Bauxite Markets
Sydney, May 11, 2017 AEST (ABN Newswire) - Australian Bauxite Ltd (
ASX:ABX) is pleased to provide the attached material being presented at the RIU Sydney Resources Round Up being held at the Sofitel Sydney Wentworth Hotel on 10 & 11 May, 2017.
Mr Ian Levy, CEO is making the presentation at 4:10 pm on 11 May, 2017.
Shareholders and the public are welcome to attend our exhibition and presentation.
ABx Bauxite Production Started in Tasmania
- First mine started in Tasmania
o Strong community & government support Good infrastructure already in place Ports open all year
o Targeting operating margins of A$10 to A$25 per tonne
- Total Resources 124 million tonnes
o More than 10 viable mines in QLD, NSW & Tasmania
Bauxite Markets
Bauxite is a benign dry "ironstone" gravel with many uses, including:
1. Metallurgical bauxite for aluminium industry
- + 100 million tonnes pa traded globally
- Currently depressed & oversupplied (cyclical) = low profitability
2.Cement-grade bauxite demand is fastest growing market (profitable prices)
- 25 million tonnes pa of cement-grade bauxite traded, growing fast
- ABx's bauxite helps make corrosion-resistant, late-strength cement
- Salt-free, quartz-free & helps cement kilns operate smoothly
- 'ABx bauxite is the best thing you can do for your cement kiln'(customer)
3.Fertiliser-grade bauxite to make superphosphate from rock phosphate
- ABx bauxite used to make granules for single superphosphate
4.BAUXITE REFINING TO PRODUCE ALUMINIUM FLUORIDE
- Increases the value of its bauxite tenfold, capitalising on the clean chemistry of ABx bauxite and the hydro-electricity and skills in Tasmania.
BinjourProject, Queensland: Biggest/Best Deposit
- Largest, highest grade new trihydrategibbsite bauxite project in Pacific Basin28 million tonnes @ +44% Al2O3defined to date & new discoveries found
- Potential partner visiting site late May
To view the full presentation, please visit:
http://abnnewswire.net/lnk/1W7K2873
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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