Queensland Bauxite (ASX:QBL) has received the final results from drilling at its South Johnstone Bauxite Project in Queensland and has incorporated the results into an upgrade of its Resources to an Indicated level.
This will allow the company to meet all the requirements of JORC 2012, which underpins the Scoping Study.
QBL said the reports are now being reviewed by an independent mineral consultancy group used to provide specialist advice for developing and finalising the Resource.
The company also added that once the review and sign off has concluded the announcement for the Resource Upgrade can be sent again to the ASX.
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