Bauxite Resources
Bauxite Resources Limited (ASX:BAU) was launched in May 2006 to establish itself in the bauxite and alumina industries in Western Australia where four of the seven Australian alumina refineries and four of Australia’s bauxite mines are located. It listed successfully on the ASX on 22 October 2007 after closing its A$7.5 million IPO early and oversubscribed.
The Company is the only ASX-listed explorer with tenements in the highly prospective Darling Range, Western Australia, which is the largest producing alumina region in the world. This area supplies approximately 17.5% of the world’s alumina and is home to Alcoa’s Huntly Mine, the largest producing bauxite mine in the world and the Pinjara Refinery the second largest refinery in the world.
The Company is primarily focused on defining an initial sustainable economic bauxite resource sufficient to support a >2Mtpa direct shipping bauxite project through an intensive exploration and data review program to be undertaken in 2008/9 as Stage One. The Company is also reviewing the opportunities for the development of an alumina refinery as Stage Two in the longer term.
As at 30 September 2008, Bauxite Resources Limited (BRL) has 47 tenement licenses, 3 granted and 44 in application. Tenements and applications now cover over 8,631km2 (approx) of the highly prospective bauxite ground which includes the world class bauxite production region of the West Australian Darling Ranges. Historical data review now completed, target generation phase well advanced. Target generation and evaluation phase commences.
Bauxite Resource inks maiden bauxite resource WA
Bauxite Resources (ASX:BAU) today announced a JORC‐Compliant Inferred bauxite resource of 18.2 million tonnes at 43.1% from the company's Darling Range project in Western Australia.
This represents a major step forward for the company in achieving its Stage 1 objective of exporting Direct Shipping Ore (DSO) bauxite at an initial rate of 1 million tonnes per annum (Mtpa) in 2009, increasing to 3Mtpa in 2010. Initial results from Mineralogical Characterisation studies on representative samples from the Bindoon region confirmed that mineralisation present is premium bauxite, being gibbsitic in nature with low reactive silica.
The company will target future exploration, testing for bauxite mineralisation continuity in areas with wider spaced drill patterns to define new areas with bauxite mineralisation. Wide spread areas of bauxite laterites remain to be drill tested for the establishment of DSO bauxite and the company remains confident for exploration potential in the area.
Bauxite Resources is establishing itself in the bauxite and alumina industries in Western Australia and is the only ASX‐listed small cap. explorer in the highly prospective Darling Range. This area in Western Australia is acknowledged as the largest producing alumina region in the world supplying approximately 18% of the world’s alumina and the location of Alcoa’s Huntly Mine, the largest producing bauxite mine in the world. The Darling Range is also the site of four alumina refineries; three of these are in the top five for lowest operating costs globally which is principally due to the gibbsite composition of the Darling Range bauxite, and it’s low reactive silica.
Bauxite Resources is primarily focused on defining an initial sustainable economic bauxite resource sufficient to support a >3Mtpa DSO bauxite project. In the longer term the Company is reviewing opportunities for the development of an alumina refinery and possible smelter.
Bauxite Resources was trading at 19 cents.
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