CEO Presentation TechKnow Roadshow
Sydney, Oct 24, 2017 AEST (ABN Newswire) - In accordance with the requirements of Listing Rule 3.1 Australian Bauxite Ltd (
ASX:ABX) submit the attached material being presented at the TechKnow Invest Roadshow in Melbourne and Sydney.
Mr Ian Levy, CEO is making the presentations.
Melbourne - 24 October 2017 - 2:00pm
Grand Hyatt Hotel Melbourne, Victoria
Sydney - 26 October 2017- 9:05am
Radisson Blu Hotel Sydney, New South Wales
The public are welcome to attend the presentations.
Ian Levy will be providing an overview on the development of bauxite beneficiation and refining technology to produce Aluminium Fluoride used in aluminium production and in lithium ion batteries, as reported briefly in the June Quarterly Report released on 28 July 2017. A patent application was lodged on 5 June 2017.
Key points include:
- an engineering firm has begun final designs and costings for the Stage 1 plant design. Due end Feb'18; and
- ABx will continue wide consultations before making and announcing final funding strategies which must create value for ABx shareholders.
ABx has no current plans for capital raisings.
To view the presentation, please visit:
http://abnnewswire.net/lnk/62LK7O8X
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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