Bauxite Resources (ASX:BAU) has received a notice of initial substantial shareholding from Jetosea Pty Ltd with a 5.21% interest.
Jetosea holds 12,083,177 shares in the company.
Last month Bauxite Resources increased resources at its Felicitas bauxite deposit in the Darling Range, Western Australia, to 227.9 million tonnes (unbeneficiated), at 39.7% Al2O3 (total), 31.3% Al2O3 (available at low temperature) and 2.0% SiO2 (reactive).
About 88% of this is in the Indicated and Measured categories.
This is the largest single bauxite resource in Australia outside of current producers.
Felicitas is located about 60 kilometres north east of Perth and to existing rail infrastructure providing a direct link to Kwinana Port approximately 120 kilometres away.
It is contained within the company’s Bauxite Alumina Joint Ventures (BAJV) joint venture with Yankuang Resources Ltd.
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