Quarterly Activity Report
Sydney, Jan 28, 2021 AEST (ABN Newswire) - Australian Bauxite Ltd's (
ASX:ABX) engineering, research and development costs continued for Binjour Project, exploration lab research and for Alcore and totalled $442,000, as recorded in Appendix 5B, including Alcore's research into Aluminium Fluoride technology, bauxite beneficiation and exploration, excluding staff and other administration costs.
ABx again tested our logistics and mining contractors in delivering a significant cargo of 33,405 tonnes to the port of Bell Bay, northern Tasmania. Mining and screening by Hazell Bros, cartage by Dave Wagner & Son and port services by QUBE Ports all stood the strain and the cargo was on-specification, carted and ship-loaded on time. Many thanks for their efforts during these very difficult times.
Rehabilitation at the Bald Hill Bauxite Project is going well and ahead of schedule, taking advantage of the better growing season this year. All land mined to date is returned to the Landowner in a more productive condition than when mining commenced in accordance with ABX's paramount corporate policy.
Alcore's bauxite refining has the potential to convert a tonne of bauxite valued at US$50 per tonne into a suite of products worth in excess of US$800 representing a 10-times increase in net value. It can also convert aluminium smelter by-products into AlF3 using a simplified, lower-cost, higher-profit "Refine & Recycle" version of the Alcore Process.
An Alcore project can be located anywhere in the world and can be located adjacent to aluminium smelters to Refine & Recycle aluminium smelter by-products. Alcore production is not constrained by resource supply and can be located near customers, near sources of low-cost feedstock such as recyclable smelter waste.
To view the quarterly report, please visit:
https://abnnewswire.net/lnk/2IZJ8U98
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.
| ||
|
