Targeting Emerging Bauxite Markets
Sydney, May 11, 2017 AEST (ABN Newswire) - Australian Bauxite Ltd (
ASX:ABX) is pleased to provide the attached material being presented at the RIU Sydney Resources Round Up being held at the Sofitel Sydney Wentworth Hotel on 10 & 11 May, 2017.
Mr Ian Levy, CEO is making the presentation at 4:10 pm on 11 May, 2017.
Shareholders and the public are welcome to attend our exhibition and presentation.
ABx Bauxite Production Started in Tasmania
- First mine started in Tasmania
o Strong community & government support Good infrastructure already in place Ports open all year
o Targeting operating margins of A$10 to A$25 per tonne
- Total Resources 124 million tonnes
o More than 10 viable mines in QLD, NSW & Tasmania
Bauxite Markets
Bauxite is a benign dry "ironstone" gravel with many uses, including:
1. Metallurgical bauxite for aluminium industry
- + 100 million tonnes pa traded globally
- Currently depressed & oversupplied (cyclical) = low profitability
2.Cement-grade bauxite demand is fastest growing market (profitable prices)
- 25 million tonnes pa of cement-grade bauxite traded, growing fast
- ABx's bauxite helps make corrosion-resistant, late-strength cement
- Salt-free, quartz-free & helps cement kilns operate smoothly
- 'ABx bauxite is the best thing you can do for your cement kiln'(customer)
3.Fertiliser-grade bauxite to make superphosphate from rock phosphate
- ABx bauxite used to make granules for single superphosphate
4.BAUXITE REFINING TO PRODUCE ALUMINIUM FLUORIDE
- Increases the value of its bauxite tenfold, capitalising on the clean chemistry of ABx bauxite and the hydro-electricity and skills in Tasmania.
BinjourProject, Queensland: Biggest/Best Deposit
- Largest, highest grade new trihydrategibbsite bauxite project in Pacific Basin28 million tonnes @ +44% Al2O3defined to date & new discoveries found
- Potential partner visiting site late May
To view the full presentation, please visit:
http://abnnewswire.net/lnk/1W7K2873
About ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) started as a bauxite miner in Tasmania in 2014 & controls the Eastern Australian Bauxite Province. In 2020 to 2023, ABx also discovered Australia’s only true ionic adsorption clay Rare Earth Elements resource at Deep Leads in pine plantations 40km west of Launceston with a JORC-compliant resource of 89 million tonnes from only 29% of the mineralised outline, averaging 844 ppm total rare earth oxides that is the most enriched in the critically important rare earths, Dy and Tb, of any Australian REE deposit.
ABx has also developed a proprietary technology to produce fluorine chemicals from an aluminium smelter waste product and return the fluorine back into the smelters, thus reducing reliance on imported aluminium fluoride.
ABx has committed a large proportion of its expenditure into Research and Development and has found ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and can be separated into different product streams using physical, chemical and geophysical methods. It has produced and marketed specialist bauxite products for the manufacturers of fertiliser, cement with high late strength for major infrastructure such as bridges and is in the advanced stages of approvals for production of metallurgical bauxite from its Binjour Bauxite deposit with JORC-compliant resources of 37 million tonnes of bauxite, in a joint development with a Chinese-focussed Australian trading company Good Importing International.
ABx is also preparing to produce fertiliser grade and cement grade bauxite from its DL130 bauxite quarry in northern Tasmania, 40km west of Launceston. This quarry is sited in the middle of the large Deep Leads REE deposit and may one day be a site for heap leaching of the REE using a low-cost, benign leachate with the same acidity as apple juice or tea.
ABx endorses best practices on agricultural land, strives to leave land and environment better than we find it. We only operate where welcomed.
| ||
|
