Company News: Australian Bauxite
Updated: 01 Jun 2011
Australian Bauxite Limited (ABx) (ASX:ABZ) 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.
• 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.
Business Category Exploration; Mining
Regions of Operation Australasia
Exchange Ticker ABZ
Financial Information
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Exchanges listed on ASX
Share Holders
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Level 2 131 Macquarie Street
- Sydney
- NSW
- 2000
- Australia
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