Australian Bauxite Limited (ASX:ABZ) Extended High Grade Brown Sugar Bauxite at Binjour Project Over a Wide Area
Sydney, Sep 19, 2011 AEST (ABN Newswire) - Emerging bauxite exploration and development company, Australian Bauxite Limited (
ASX:ABZ) has received laboratory results from drilling at its Binjour project in central QLD.
89 holes intersected a thick layer of bauxite located beneath a surface clay horizon, including some exceptionally high grade, thick gibbsite bauxite, ideal as a "sweetener" to any bauxite refinery.
Australian Bauxite CEO Ian Levy said; "Binjour is proving to be a fine bauxite deposit, containing premium grade bauxite, with good potential for more discoveries, including new discoveries of bauxite lying right at surface.
"Binjour project is destined to sell large tonnages of bauxite to alumina refineries needing "sweetener" bauxite that processes at low temperature and with low reactive silica contents.
"We call this "Brown Sugar" bauxite - sweet and greatly sort after. It will become a brand name.
Logistical Setting
In addition to the sealed Burnett Highway, a disused rail line sits at the southern end of the Binjour lease which has a low tonnage capacity unless significantly upgraded. Engineering studies and government discussions have been underway for several months to find a cost-effective solution. The Binjour project is near regional cities, power, water and a pro-development workforce.
Resource Estimation Underway
Good continuity of bauxite qualities and thickness on Swains Plateau may lead to a maiden resource estimation, albeit based only on those parts of the deposit that have had sufficient infill drilling. The extent of bauxite is being extended substantially as drilling continues.
Further Work Planned
The Swains Plateau bauxite deposit is open in many locations and at least four other deposits have been identified. Follow-up drilling of the latest bauxite discoveries at Binjour is scheduled to continue for October-November; such is the potential at Binjour.
It is planned to restart a second drill rig to test other deposits as soon as a rig and field team is in place.
For the complete Australian Bauxite Limited announcement including figures and tables, please view the following link:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-649227.pdf
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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