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.
High grade bauxite found at Bauxite Resource's Darling Range project
Bauxite Resources (ASX:BAU) has announced the results of recent drilling activities at its North and South Darling Ranges Bauxite Projects in Western Australia.
Assays have returned excellent grades and widths of mineralisation from the first 113 holes, providing further support for the Company’s objective of developing a high‐grade Direct Shipping Ore (DSO) bauxite export business later this year.
Drilling in the Brunswick Junction region confirmed continuity of high‐grade mineralisation including intersections including: 5m at 34.8% Available Al2O3, 2.6% Reactive SiO2 and 4m at 35.2% Available Al2O3, 2.8% Reactive SiO2. Regional scout drilling at the Shenton Ridge and Martin Road prospects delineated targets for systematic pattern drilling. Better intersections included: 3m at 30.7% Available Al2O3, 2.7% Reactive SiO2; and 3m at 33.3% Available Al2O3, 4.2% Reactive SiO2. Drilling in the Bindoon region intersects thick blankets of bauxite mineralisation including: 6m at 31.6% Available Al2O3, 2.7% Reactive SiO2; and 5m at 34.6% Available Al2O3, 3.0% Reactive SiO2.
Together these areas underlie part of BRL’s extensive 11,000km² tenement holdings in the Darling Ranges, located east of Perth in Western Australia. The objective of the drilling programme in the Brunswick Junction and Bindoon regions is to confirm historical drill results, determine the significance of mineralisation present and obtain samples for mineralogical characteristics studies.
Bauxite Resource's Managing Director, Mr Daniel Tenardi, said: “If you take into account the recent signing of MOU’s with Chinese interests and our recently announced 18.2Mt Inferred Resource, we are now clearly gathering significant momentum towards our goal of becoming a bauxite producer this year, with these drilling results giving us a strong platform on which to define further high‐grade resources.”
“We are now entering a critical time in our short history and the next few months will be very active in terms of ramping up feasibility studies, increasing knowledge of the resource base and securing infrastructure arrangements that are crucial to getting the project up and running this year,” he added.
Register here to be notified of Proactiveinvestors One2One Forums.
Other Bauxite Resources articles
-
16/01/09 Bauxite Resource inks maiden bauxite resource WA
-
04/11/08 Bauxite Resources snags Chinese funding and offtake
Other Bauxite Resources news
-
30/11/09 Yankuang Corporation receives FIRB approval for investment in Bauxite Resources
-
14/10/09 Bauxite Resources shares jump after sealing sales contract with China
-
06/10/09 Bauxite Resources signs offtake MOU
-
16/09/09 Bauxite Resources in trading halt
-
19/08/09 Bauxite Resources inks further MOU with Chinese group, for refinery and equity funding
-
28/01/09 Bauxite Mining to start bauxite mining at Darling Range
-
19/11/08 Bauxite Resources MOU - Shandong Province needs Australian Minerals