Bauxite Resources Limited (ASX:BAU) is pleased to announce a resource upgrade for the Felicitas bauxite deposit in the Darling Range Western Australia. The resource is situated on a small number of large private landholdings located approximately 60km north east of Perth, and 10km from the town of Wundowie.
Bauxite Resources Limited (ASX:BAU) continues to focus primarily on evaluating bauxite prospectivity in the Darling Range and exploration throughout the Company's extensive tenement holding. Currently BRL holds 22,500km2 in Exploration Licences in the Darling Range of south west Western Australia.
Perth-based bauxite explorer and developer, Bauxite Resources Limited (ASX:BAU) advises that its 70% partner in the Bauxite Alumina Joint Venture ("BAJV"), Yankuang Resources Pty Ltd ("Yankuang"), has been unable to meet a number of cash calls from the BAJV Manager, and as a consequence BRL has determined that it is in the interests of the joint venture to part pay Yankuang's obligations to ensure that the BAJV can continue its operations. Accordingly, today BRL has made a payment of $482,869 to the BAJV.
Perth-based bauxite explorer and developer, Bauxite Resources Ltd (ASX:BAU) is pleased to provide an update on bauxite exploration activities in its northern Darling Range tenement area, Western Australia.
Bauxite Resources Ltd (ASX:BAU) ("BRL") wishes to advise the ASX that they have published Bauxite Resources Ltd Newsletter, April 2013, which contains current analysis and reports on BRL's progress.
Bauxite Resources Limited (ASX:BAU) is pleased to advise it has commenced a program of work on exploration licence E70/2230 (known as Fortuna), adjacent to the 73.3Mt Felicitas bauxite resource. The bauxite rights to the Fortuna prospect are entirely BRL's while the Felicitas resource forms part of the Company's joint venture with Yankuang Resources Pty Ltd, the Bauxite Alumina Joint Venture ("BAJV") in which BRL has a 30% interest.
Bauxite Resources Limited (ASX:BAU) is pleased to announce the appointment of Mr Peter Canterbury as its new Chief Executive Officer (CEO) and Executive Director.
