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 Mining to start bauxite mining at Darling Range
Trial bauxite mining is scheduled to commence in February 2009 at Bauxite Mining's (ASX:BAU) South Darling Range Project initially targeting between 150,000 and 200,000 tonnes of DSO (Direct Shipping Ore) quality bauxite:
- Follows on from initial JORC compliant Inferred Resource comprising 18.2 million tonnes at 43.1% Total Al2O3, 31.6% Available Al2O3 and 3.2% Reactive SiO2
- Underpinned by recent, extremely positive drilling results as well as successful negotiations with landowners and contract miners
- Ore to be mined under existing Extractive Industries Licence on private, sub-economic freehold degraded farmland
- Ore to be transported through existing infrastructure to a stockpile storage area close to the Bunbury port for direct loading onto Handimax-class ships.
BRL’s Managing Director, Mr Daniel Tenardi, said: “The decision to begin trial mining is a very important milestone for the Company and will provide us with the early cash flow required to fast track our full-scale development plans for a sustainable +3Mtpa DSO bauxite operation.”
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Other Bauxite Resources articles
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16/01/09 Bauxite Resource inks maiden bauxite resource WA
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04/11/08 Bauxite Resources snags Chinese funding and offtake
Other Bauxite Resources news
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30/11/09 Yankuang Corporation receives FIRB approval for investment in Bauxite Resources
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14/10/09 Bauxite Resources shares jump after sealing sales contract with China
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06/10/09 Bauxite Resources signs offtake MOU
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16/09/09 Bauxite Resources in trading halt
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19/08/09 Bauxite Resources inks further MOU with Chinese group, for refinery and equity funding
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20/01/09 High grade bauxite found at Bauxite Resource's Darling Range project
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19/11/08 Bauxite Resources MOU - Shandong Province needs Australian Minerals