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Queensland Bauxite provides more detail on South Johnstone progress

Queensland Bauxite provides more detail on South Johnstone progress

Queensland Bauxite (ASX:QBL) has provided an update noting that the resource upgrade to an Indicated Resource status for its South Johnstone Bauxite project has been reviewed and completed by independent consultants.

An updated Scoping Study has also been completed based solely on the higher confidence Indicated Resource.

The final announcement incorporating the resource upgrade and updated Scoping Study was submitted for review and the company is still awaiting the clearance to release the news.

The company believes that this announcement should allow reinstatement to trading.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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