Three State-Significant Projects - Audio Interview
Sydney, Oct 8, 2012 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) has released a webcast with CEO Ian Levy regarding ABx's Three State-Significant Projects.
The interview can be heard on the ABx website on the News and Events|Interviews page at:
http://www.australianbauxite.com.au/Interviews.htm
Abx has developed a highly successful exploration model for discovering high quality bauxite; this model has allowed the company to pinpoint the most prospective targets along Australia's eastern seaboard. Targets are prioritized on the on the basis of access to infrastructure and free of Native Title issues.
The selection of ground and exploration programs has moved apace and within three months of listing on the ASX in December 2009, a maiden JORC Resource of 22 million tonnes was announced for Inverell in February 2010. Seven months later a maiden resource of 5 million tonnes of high quality bauxite was announced at Taralga, within the Goulburn Bauxite Project. Since then there have been further discoveries which include Guyra with a maiden JORC Resource of 6 million tonnes.
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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