Quarterly Report and Appendix 5B
Sydney, July 30, 2019 AEST (ABN Newswire) - Australian Bauxite Ltd (
ASX:ABX) (A7B:FRA) provide the Quarterly Report and Appendix 5B.
Corporate
- Group available cash at the end of the quarter was $1.3 million and currently is about $1.18 million.
Sales & Operations
- 32,477 tonnes of cement-grade bauxite was loaded and shipped from Bell Bay in early June, having been produced and delivered to port 3 weeks ahead of schedule. Sales of fertiliser-grade bauxite from Bald Hill are growing as the superphosphate fertiliser made by acid-processing of ABx bauxite is gaining strong sales
- Rehabilitation is nearing completion at Bald Hill in accordance with ABx's high standards
- Bulk-sampling at the Binjour bauxite project in QLD confirmed grades and upgrading tests were successful
To view the full quarterly report, please visit:
http://abnnewswire.net/lnk/JDVD1QH3
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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