Next Shipment of Tasmanian Bauxite Confirmed
Sydney, May 25, 2017 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABX) (ABx) has received a letter of intent for a significant shipment of cement grade bauxite from its Bald Hill Bauxite Project near Campbell Town, northern Tasmania.
ABx marketing and logistics officers are in discussions with the customer's senior officers about delivery arrangements. The customer has requested confidentiality. After a successful trial period of 2016 the same customer is now reordering and increasing its next order.
The shipment date is expected to be early in the fourth quarter but may be expedited to meet customer's requirements. ABx will report further developments as they arise.
ABx CEO, Ian Levy said; "Interest from new customers is increasing because we have a unique cement-grade product range and our reputation is spreading in an industry which is normally reluctant to change ingredients unless benefits are proven. And all at once, we are also getting requests for metallurgical bauxite sales into China and India at better prices than 3 months ago."
Product development for 2017-18: ABx's has had excellent results from the recently concluded bulk mining and processing trials at the Fingal Rail mine site in Tasmania which processed ores from both Fingal Rail and Bald Hill resources using TasTech technology. Laboratory results are pending.
It is now considered likely that in 2018, multi-product shipments will be possible to different customers, each having different quality requirements. TasTech produces the spectrum of grades and handling characteristics that was hoped for, and at increased yields at low cost.
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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