ALCORE Limited to Have Global Licence for Bauxite Refining
Sydney, Aug 8, 2018 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABX) (ABx) is pleased to announce that its wholly-owned subsidiary, ALCORE Limited will have global licence rights for bauxite refining using the ALCORE technology.
- ALCORE technology is designed to refine raw bauxite to produce Aluminium Fluoride (AlF3) and other valuable co-products - see Figures 1 & 2(see link below).
- The global licence will allow ALCORE Limited to build multiple plants in any locations to meet growing demand for AlF3 and associated co-products as increase aluminium smelter production and as use of AlF3 in lithium ion batteries increase demand for AlF3.
- Site construction works for Stage 1 of the ALCORE project commenced on 1 July as planned at ALCORE's pre-approved Pilot Plant site in Berkeley Vale, Central Coast NSW.
- Stage 1 is designed to produce AlF3 test samples and then produce Corethane, which is pure hydrocarbon powder refined from low-value coals. Graphite can also be refined to a very high purity for use in high-efficiency batteries.
- Corethane has been used to provide thermal and electrical power. It has also been used several times as a gas-substitute in gas turbine electrical generators, and used as a diesel substitute for fuel security purposes. Corethane also has industrial applications and several potential customers have already requested test samples for their industrial plants.
- Discussions continue with governments, agencies and major companies in the aluminium industry
ABx CEO, Ian Levy Comments:
"Step by step, ABx is bringing ALCORE's powerful new bauxite refining technology closer to becoming an important domestic producer and supplier of key AlF3 products for the Australasian aluminium smelters. However, in the longer-term, these global technology rights allow ALCORE Limited to produce AlF3 in any location globally. Creating ALCORE Limited as a project-specific subsidiary is expected to unlock considerable value for shareholders in both the short and medium terms."
"ALCORE Technology also produces several valuable co-products including silica fume for the cement industry and Corethane pure hydrocarbons for energy and fuel security. Upside potential includes production of pure AlF3 for Lithium-ion batteries, iron oxide pigments, titanium oxide pigments. Further potential exists for developing ultra-pure products such as high purity alumina ("HPA") for the manufacture of scratch-resistant sapphire glass for phones and computer screens."
"ABx itself continues the development of its three core bauxite projects; the Tasmanian mine, the large Binjour Project in central QLD and the Penrose refractory bauxite project 90km inland of Port Kembla NSW."
To view figures, please visit:
http://abnnewswire.net/lnk/UWW3V6N1
About ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) is a uniquely positioned Australian company delivering materials for a cleaner future.
The three priority projects are:
- Heavy rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains
o Processing Options Analysis conducted in partnership with external experts
- Clean fluorine chemical production: Producing industrial chemicals from aluminium smelter by-product (ALCORE)
o Continuous pilot plant under construction in Bell Bay, Tasmania
- Near-term bauxite production: Mining bauxite resources for the aluminium, cement and fertiliser industries
o Agreements executed with Good Importing International for bauxite projects in Queensland and New South Wales, and $2.7 million initial payment has been received
o Approvals well advanced for DL130 bauxite project in northern Tasmania
ABx endorses best practices on agricultural land and strives to leave land and environment better than we find it. We only operate where welcomed.
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