Proactiveinvestors Australia Australian Bauxite Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Australian Bauxite Ltd RSS feed en Mon, 10 Dec 2018 21:53:34 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Australian Bauxite’s patented technology to produce high-grade, high-value aluminium products ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10813/australian-bauxites-patented-technology-to-produce-high-grade-high-value-aluminium-products-10813.html Fri, 12 Oct 2018 08:30:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10813/australian-bauxites-patented-technology-to-produce-high-grade-high-value-aluminium-products-10813.html <![CDATA[News - Australian Bauxite discovers high-quality refractory-grade bauxite ]]> https://www.proactiveinvestors.com.au/companies/news/173858/australian-bauxite-discovers-high-quality-refractory-grade-bauxite-173858.html Australian Bauxite (ASX:ABX) has discovered a layer of refractory-grade bauxite in Penrose state pine forest, 90 kilometres from Port Kembla in New South Wales.

In late 2015, the company was granted its long-awaited tenement over the Penrose state pine forest which is close to transport infrastructure and suited to quarrying during forest harvest cycles.

The discovery of refractory-grade bauxite is a positive development as it is used for heat containments and abrasives, selling for up to 5 times the current price of metallurgical grade bauxite.

Australian Bauxite currently sells bauxite from its Bald Hill mine into cement and fertiliser markets at prices higher than could be achieved in the over-supplied metallurgical bauxite market.

The company’s Bald Hill mine at Tasmania commenced operations in December 2014 – the first new Australian bauxite mine in more than 35 years.

The recent discovery of the refractory-grade bauxite at Penrose state pine forest opens up the possibility of a new, high-priced market for ABX’s bauxite products to add to its existing suite of products.

Exploration of extensions at Penrose will continue simultaneously with market testing of this special bauxite product which is in critical short supply in Australia and globally.

Australian Bauxite’s shares were last trading 4% higher intra-day on Monday, at $0.13.

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Tue, 28 Feb 2017 09:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/173858/australian-bauxite-discovers-high-quality-refractory-grade-bauxite-173858.html
<![CDATA[News - Australian Bauxite Ltd has 586,000 shares bought on market by chairman ]]> https://www.proactiveinvestors.com.au/companies/news/169441/australian-bauxite-ltd-has-586000-shares-bought-on-market-by-chairman-169441.html The company operates its Bald Hill bauxite mine at Campbell Town in northern Tasmania where it commenced operations in December 2014.

This was the first new Australian bauxite mine for more than 35 years.

The mined material is high quality gibbsite trihydrate (THA) bauxite that can be processed into alumina at low temperature and is perfect for cement manufacture and for fertiliser production. 

Sales of cement and fertiliser grade bauxite continue at profitable prices with sales in 2016 to date exceeding 42,000 tonnes of cement grade bauxite and 2,085 tonnes of fertiliser grade bauxite.

Three new customers have been identified by the company in Europe and North America and are now testing cement grade bauxite samples.

Australian Bauxite has 27 bauxite tenements in Queensland, New South Wales and Tasmania exceeding 2,600 square kilometres.

The company aspires to develop its other large bauxite projects in Eastern Australia, which is emerging as a globally significant bauxite province.

Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.

Shares in the company are up 60% over the past six months, currently trading at $0.205.

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Thu, 24 Nov 2016 13:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169441/australian-bauxite-ltd-has-586000-shares-bought-on-market-by-chairman-169441.html
<![CDATA[News - Australian Bauxite Ltd sells first shipment of bauxite ]]> https://www.proactiveinvestors.com.au/companies/news/132621/australian-bauxite-ltd-sells-first-shipment-of-bauxite--68031.html Australian Bauxite Ltd’s (ASX:ABX) shares surged 17%, supported by the maiden sale from ABx’s Bald Hill mine in Tasmania which is the first new bauxite project in Australia for more than 35 years.

The maiden sale into the fertiliser and cement markets, was reported at a higher price than current metallurgical bauxite.

Shipping will start from 18 April 2016 for an initial dispatch of 5,000 tonnes.

In targeting the cement and fertiliser industries, ABx has avoided the current over-supplied metallurgical market, dogged by swing supplier Malaysia until a recent ban on exports was extended by the Malaysian Government.

The customer is seeking a second, larger shipment of 30,000 to 40,000 tonnes from ABx once stockpile sites in the receiving port are approved.

Due to the rapid deterioration of the metallurgical bauxite market, ABx has taken steps since December 2015 to conserve cash until its balance sheet strengthens from sales and other income.

ABx has temporarily suspended production and haulage of bauxite products from the Bald Hill project until new, irrevocable sales contracts are finalized.

Routine rehabilitation and small tonnage sales of bauxite will continue and the mine can quickly recommence production without delay.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 13 Apr 2016 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132621/australian-bauxite-ltd-sells-first-shipment-of-bauxite--68031.html
<![CDATA[News - Australian Bauxite Ltd in ASX trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/132620/australian-bauxite-ltd-in-asx-trading-halt-67968.html Australian Bauxite Ltd (ASX:ABX) has been granted a trading halt by the ASX, pending details on a sale of bauxite.

The halt will remain in place until the opening of trade on Tuesday 12th April 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 08 Apr 2016 16:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132620/australian-bauxite-ltd-in-asx-trading-halt-67968.html
<![CDATA[News - Australian Bauxite ups Tasmanian bauxite resources ]]> https://www.proactiveinvestors.com.au/companies/news/132619/australian-bauxite-ups-tasmanian-bauxite-resources-61399.html Australian Bauxite (ASX:ABX) has estimated initial resources for its Bald Hill mine near the Campbell Town production centre in Tasmania to be 3.5 million tonnes.

Total Tasmanian bauxite resources now total 9.2 million tonnes, an increase of 61%, with bulk test pits in mid-2013 indicating yields of 65% to 75%.

Crucially, reactive silica grades are low at 3.1%, with available alumina grades of 37.2%.

Extensions of the Bald Hill deposit have been found and will be exploited during mining, and deposits at Fingal Rail and Nile Road are known to extend beyond the resource limits.

These initial resources from the Campbell Town production centre increase ABX’s total bauxite resource base for all regions to 119 million tonnes.

Drilling is in progress in the DL-130 area and revised resource estimation will be conducted over coming months, especially for the newly discovered Rubble Flat deposit.

Campbell Town has mined about 10,000 tonnes, screened 7,000 tonnes and is proceeding to full scale production and export from Bell Bay Port.

Bald Hill is the first new Australian Bauxite mine for more than 35 years, with first shipments targeted for second quarter this year.

The DL-130 area is scheduled to be ABX’s second bauxite production centre, commencing in 2016.

ABX's 37 bauxite tenements in Queensland, New South Wales and Tasmania exceed 5,000 square kilometres.

Projects were selected for their good quality bauxite, low cost transport to ports, and absence of socio-environmental constraints.

All tenements are 100% owned, unencumbered and free of third-party royalties.

The company’s bauxite is high quality gibbsite trihydrate that processes into alumina at low temperature. This type is in short-supply globally.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 24 Mar 2015 11:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132619/australian-bauxite-ups-tasmanian-bauxite-resources-61399.html
<![CDATA[News - Australian Bauxite shares suspended, looks to material capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/132618/australian-bauxite-shares-suspended-looks-to-material-capital-raising-59141.html Australian Bauxite (ASX:ABX) will undertake a material capital raising and its shares have been voluntarily suspended from trading pending an announcement and details.

The voluntary suspension continue until the earlier of the release of the announcement until Wednesday 26 November 2014.

The company is progressing its Bald Hill project into production in Tasmania. It signed a binding term sheet for 50% of future offtake produced from the project with Noble Group to provide $6 million project finance supported by a $2 million stand by facility.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 24 Nov 2014 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132618/australian-bauxite-shares-suspended-looks-to-material-capital-raising-59141.html
<![CDATA[News - Australian Bauxite confident on Tasmanian project financing ]]> https://www.proactiveinvestors.com.au/companies/news/132617/australian-bauxite-confident-on-tasmanian-project-financing-58001.html Australian Bauxite (ASX:ABX) has reported it is in negotiations for financing of its Bald Hill bauxite project in Tasmania.

The project has received a Tasmanian Mining Lease for the mine.

Ngotiations are understood to be well advanced and that the funding is now focussed on clarifications of key terms of a number of agreements on offer from a number of parties.

The Company said it is confident that suitable funding arrangements will be finalised in step with the completion of the DPEMP review and commencement of mining.

The Development Proposal and Environmental Management Plan was lodged with the Environmental Protection Agency and the North Midlands Council.

It has been advertised and placed on public display for 28 days. Once this process is concluded, a Development Approval can be granted and operations can commence.

The Company said it expects mining to commence on schedule in late 2014, using Tasmanian contract operators with proven track records in mining, screening, rehabilitation and logistics.

 


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

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Tue, 07 Oct 2014 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132617/australian-bauxite-confident-on-tasmanian-project-financing-58001.html
<![CDATA[News - Australian Bauxite defines second Tasmania bauxite mining lease ]]> https://www.proactiveinvestors.com.au/companies/news/132616/australian-bauxite-defines-second-tasmania-bauxite-mining-lease-54955.html Australian Bauxite (ASX: ABZ) has defined a Mining Lease boundary for the Fingal Rail Bauxite Project area in Tasmania.

The application covers the core area of the project’s deposits and leaves the extension areas for subsequent evaluation.

Fingal Rail is intended to be the company’s second mining lease and is located west of Conara, some 11 kilometres north of Campbell Town where the first mining lease at the Bald Hill Bauxite Project is located in the northern midlands of Tasmania, 90 kilometres from Bell Bay Bulk Export Port.

The proposed mine is considered to be a simple quarrying and rehabilitation project, feeding bauxite into a stockpile at Bell Bay Port which will combine bauxite from several quarries for export.

It is ideally located to be transported either by existing highways or rail that run through the proposed lease area.

The company is also evaluating recent discoveries of high grade bauxite and very thick bauxite at the DL-130 project area as a possible third mine lease application.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 15 May 2014 08:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132616/australian-bauxite-defines-second-tasmania-bauxite-mining-lease-54955.html
<![CDATA[News - Australian Bauxite heads to market ]]> https://www.proactiveinvestors.com.au/companies/news/132615/australian-bauxite-heads-to-market-51020.html Australian Bauxite (ASX: ABZ) has been granted a trading halt today, pending details of a capital raising.

Australian Bauxite shares are currently in pre-open.

The halt will remain in place until the opening of trade on Thursday 12th December 2013, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 10 Dec 2013 11:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132615/australian-bauxite-heads-to-market-51020.html
<![CDATA[News - Australian Bauxite to reveal offtake agreement and cornerstone investor ]]> https://www.proactiveinvestors.com.au/companies/news/132614/australian-bauxite-to-reveal-offtake-agreement-and-cornerstone-investor-41445.html Australian Bauxite (ASX: ABZ) is in pre-open this morning after the ASX granted the company a trading halt pending an offtake agreement and cornerstone investment in the company to expedite development its bauxite projects.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 4th April 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 02 Apr 2013 09:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132614/australian-bauxite-to-reveal-offtake-agreement-and-cornerstone-investor-41445.html
<![CDATA[News - Australian Bauxite on capital raising drive ]]> https://www.proactiveinvestors.com.au/companies/news/132613/australian-bauxite-on-capital-raising-drive-39520.html Australian Bauxite (ASX: ABZ) has been granted a trading halt by the ASX pending an announcement regarding a proposed capital raising.

The company recently declared a 3.5 million tonne maiden bauxite resource for its Mining Lease ML80126 in Queensland.

This allows Australian Bauxite to define a resource size consideration for concluding final agreements to purchase the mining lease and commence early mine production to supply the buoyant bauxite market.

Scoping Studies for early production are underway.

ML80126 is located 155 kilometres from the Bundaberg Port.

This granted, long-term mining lease might be a fast-track route to the commencement of Australian Bauxite’s large Binjour Bauxite Project, located 115 kilometres southwest of Bundaberg Port.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Monday 18 February.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 14 Feb 2013 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132613/australian-bauxite-on-capital-raising-drive-39520.html
<![CDATA[News - Australian Bauxite confirms 3.5Mt bauxite Resource at Queensland project ]]> https://www.proactiveinvestors.com.au/companies/news/132612/australian-bauxite-confirms-35mt-bauxite-resource-at-queensland-project-36720.html Australian Bauxite (ASX: ABZ) has confirmed the Inferred Resource of 3.5 million tonnes of bauxite at Mining Lease ML80126 in Queensland.

This allows the company to define a resource size consideration for concluding final agreements to purchase the mining lease and commence early mine production to supply the buoyant bauxite market.

The acquisition will also increase the company’s global bauxite resource to 116 million tonnes.

About half the resource, or about 1.7 million tonnes, is direct shipping bauxite while the lease is located close to regional infrastructure that connects to Bundaberg Port.

There is a well-developed state electric power grid and ample water supplies while natural gas pipelines connect from the Surat Basin to Gladstone through this district.

There are well-established regional population centres at Mundubbera and Gayndah and the company’s large Binjour bauxite project is located between these two regional centres.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 03 Dec 2012 12:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132612/australian-bauxite-confirms-35mt-bauxite-resource-at-queensland-project-36720.html
<![CDATA[News - Australian Bauxite returns 5.7 million tonnes maiden resource in Tasmania ]]> https://www.proactiveinvestors.com.au/companies/news/132611/australian-bauxite-returns-57-million-tonnes-maiden-resource-in-tasmania-35611.html Australian Bauxite (ASX:ABZ) has identified 5.7 million tonnes in maiden resource at its Tasmanian bauxite tenement, boosting its total resources to 112 million tonnes.

The gibbsite-rich. low silica bauxite resource estimate is based on 377 drill holes in less than 10% of the identified bauxite areas in Tasmania, which is located in the northern midlands area in the hinterland of Bell Bay where Australian's first alumina refiner and first aluminium smelter was set up.

ABZ first identified bauxite at its Tasmanian tenements last year and drilling is expected to continue throughout next year to define the resource base.

The current maiden resource estimate is based on drilling only 7% of the targeted areas with the holes totaling 2652 metres. 

About 50% of the bauxite layer is DSO grade bauxite which can be mined and directly shipped.

Recent drilling tests in some plantation areas have encountered bauxite up to 6 metres in thickness, which suggests the project could commence sooner than earlier estimated.

ABZ has also started environmental baseline work with the company conducting negotiations regarding pine forest areas

Infrastructure advantage

ABZ's Tasmanian bauxite can be developed for early production as it is close to infrastructure with operating rail-lines and heavy duty haulage highways passing through the tenements. These roads link up to the commodity export ports of Burnie and Bell Bay, both of which have spare port capacity. 

In addition, the tenement is also well connected to the electric grid as well as natural gas supplies from the Bass Strait.

Drilling results

The Tasmanian bauxite were targeted by aircore drilling to test grade distribution and field surveys showed promise resulting in further tenement application. While the minimum cut off grade for bauxite were 30% minimum available alumina over 2 metres of bauxite thickness, a total of 74 holes intersected bauxite with grades and thickness greater than cut off. 

Further drilling will recommence if the current scoping study is positive.


 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Thu, 08 Nov 2012 14:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132611/australian-bauxite-returns-57-million-tonnes-maiden-resource-in-tasmania-35611.html
<![CDATA[News - Australian Bauxite's CEO Ian Levy speaks to Proactive Investors on road to production ]]> https://www.proactiveinvestors.com.au/companies/news/132610/australian-bauxites-ceo-ian-levy-speaks-to-proactive-investors-on-road-to-production-33796.html Australian Bauxite's (ASX: ABZ) chief executive office Ian Levy spoke exclusively with Proactive Investors.


PROACTIVE INVESTORS

Just touching on the global aluminium market, how is it currently faring in regards to supply and demand, and what are the drivers in potentially pushing the price higher – which would be a benefit to ABx?

IAN LEVY

Bauxite prices continue to steadily firm - for a logical reason.
 
What needs to be made clear is that there are different factors which affect the price of bauxite and the aluminium price. Bauxite is first processed into alumina and then into aluminium so there is an indirect link between bauxite and aluminium. The bauxite price is mainly related to:
 
1. China's alumina (Al2O3) demand which is related to China's aluminium demand; and,
2. Indonesia's bauxite supply constraints (scarcity factors & new export taxes)
 
The price of aluminium metal is a global market, related to many driving factors, including:
 
1. Fabrication & consumption demand for the ~6,000 major uses for aluminium; (45% consumption, 45% infrastructure (eg powerlines) & 10% electronic)
2. Electricity prices and power subsidies;
3. Relative cost of substitutes such as plastics, copper and zinc;
4. New smelting technology which lowers costs and increases production; and,
5. China's Al metal requirements and closure of southern China's older smelters.

The global aluminium market is currently in a state of oversupply, however, this is not likely to continue in the long term, with the closure of older, less efficient smelters.

While the price of aluminium will benefit ABx, the main benefits to ABx are derived from China’s increased alumina demand and Indonesia’s lessened supply of bauxite to external markets.


PROACTIVE INVESTORS

Indonesia has long been a global supplier of bauxite. Do you expect this to continue or is there a chance for companies such as ABx to benefit?

IAN LEVY

Indonesia has begun cutting- back on exports of bauxite and as of 2014, tighter cut-backs and a 50% export tax will be enforced in order to focus on the development of it’s domestic bauxite feed to new alumina plants (under construction).

Since 9 May 2012, Indonesia began discouraging export through application of reduced export permits and new taxes, currently at levels of 25%. China relies upon bauxite, preferably from the Asia Pacific region, for their modern alumina refineries which require a constant flow of bauxite and are uneconomical to switch on and off according to supply levels.

Fairly recently China has made concessions to Indonesia’s intentions to develop their domestic market by entering into joint ventures to build alumina refineries in Indonesia.  This would effectively reduce the amount of bauxite available to global markets from Indonesia.

So going forward we believe that Indonesia will be far less likely to feature as a major global supplier of bauxite and that there is strong demand for other sources of bauxite for China’s alumina refineries. Australia as a whole is well equipped to benefit from this demand and ABx with it’s unique bauxite qualities is well placed to benefit from and assist in fulfilling this demand.


PROACTIVE INVESTORS

The ABx milestone of 100 million tonnes JORC Resources has already been passed – what is the next resource / reserve goal?

IAN LEVY

Having reached our milestone of 100 million tonnes of JORC resources a good six months in advance, our next milestone is to reach 150 million tonnes of JORC Resources by end 2013/14 and 200 million tonnes by end 2014/15.

We of course have milestones relating to our individual projects which are not resource/reserve goal focused but steps to production, such as obtaining mining leases, bankable feasibility studies, scoping feasibility studies, regulatory approval.


PROACTIVE INVESTORS

With ABx already holding over 40 bauxite tenements in Australia covering almost 9000sqkms – is the company strategy to continue to increases resources in the short term – or look for a path to development and production?

IAN LEVY

Our near-term mission is to start production as the global supply of bauxite leads to stronger prices. While we shall continue to increase our resources as we continue exploration, we are also in the process of developing mines and moving out of the pure exploration phase.

As outlined in my presentation to Proactive Investors we are concurrently working on three major projects, all at various stages of development.  Drilling success has been achieved at one of our Tasmanian deposits, with 6 metres of bauxite recently discovered and we have commenced a scoping feasibility study ahead of schedule.

We commenced our application for our Goulburn-Taralga project for a mining lease early this year and are expecting to announce the results of our pre-feasibility study, of which Marubeni Corporate are a 33% joint venture partner, imminently. We also expect to move to pre-feasibility study stage for our Binjour project in 2013.


PROACTIVE INVESTORS

With projects covering several states in Australia, which project does ABx forecast could be the first to export ore to Asian markets?

IAN LEVY

We are now anticipating that Tasmania and Goulburn in southern NSW could be the first projects exporting ore to the Asian markets.

Please keep in mind that the average time to set up a mine takes 12 years, in our case we are fast-tracking this to 4 years. So we’re moving very quickly with our path to production because of the 2014 deadline.


PROACTIVE INVESTORS

When could investors look to see the first cash flows for ore exports from Tasmania, and will ABx use these funds to bring additional projects on line – or are there other plans for the allocation of cash?

IAN LEVY

We would expect to see cash flows for ore exports from our first to market project flowing through to ABx five months after shipment to our first customer which we expect to start at the end of 2014.

We have mentioned the very large potential of our Binjour project and how a reasonable capital investment and government action on infrastructure would be required to move this project along.

So while we anticipate benefitting to our very loyal shareholders via a higher share price, we will need to invest in projects so that our shareholders can reap even better benefits.


PROACTIVE INVESTORS

Thank-you Ian.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Thu, 27 Sep 2012 08:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132610/australian-bauxites-ceo-ian-levy-speaks-to-proactive-investors-on-road-to-production-33796.html
<![CDATA[News - Australian Bauxite to discuss way forward in Asia at One2One Investor Forum in Sydney ]]> https://www.proactiveinvestors.com.au/companies/news/132609/australian-bauxite-to-discuss-way-forward-in-asia-at-one2one-investor-forum-in-sydney-32454.html Australian Bauxite (ASX: ABZ) has an extensive portfolio of 42 bauxite tenements in Australia covering almost 9000 square kilometres - with these strategic projects potentially playing a part in supplying bauxite to China - which is becoming increasingly reliant on imports.

Want to know more about Australian Bauxite - well you can talk to the directors at the upcoming "Stars in 2012 Series" in Sydney on Wednesday 22nd August 2012.

*** CLICK HERE TO REGISTER FOR FREE ***

Importantly - the company’s bauxite is high quality and can be processed into alumina at low temperature, with this type of bauxite in short-supply globally. The company currently has total resources of 106.4 million tonnes.

Australian Bauxite has the potential to create significant bauxite developments in the three Australian states of Queensland, New South Wales and Tasmania.

Another plus for the company is that its bauxite deposits are favourably located near infrastructure for direct shipping of bauxite to both local and export customers.


Opportunities to commercialise product

The Australian Bauxite business plan. As Indonesian bauxite supplies contract and becomes more expensive due to high Indonesian taxes, Australian Bauxite Limited’s bauxite will become highly competitive as a new, reliable supplier of high grade, low-temperature trihydrate gibbsite bauxite to Chinese and possibly Indian alumina refineries.

Once the company's bauxite projects commence, transport logistics will become increasingly efficient. Advanced grade control methods will produce premium-priced, consistent bauxite products for long-term customers.


EVENT DETAILS

The event will be held on Wednesday 22nd August 2012 at the Radisson Blu Hotel – corner Pitt & O'Connell Street from 5:15pm (for a 5:30pm start).

Light refreshments will be served during the event and following the presentations will be a Wine & Canape Reception allowing you to personally interact with presenting CEOs.
 
While the event is FREE to attend, registrations are essential.

EARLY BIRD DOOR PRIZE: If you arrive by 5:15pm and register for the event – you qualify for the Special Door Prize of a HD James Bond Spy Pen Digital Video Camera & Recorder.

LUCKY DOOR PRIZES: All attendees instantly go into the draw to win 1 of 3 lucky door prizes drawn on the night of a $100 Radisson Blu Hotel Voucher, a $100 STA Travel Voucher or a $100 Ticketek Voucher.


FULL PRESENTER LIST

Australian Bauxite (ASX: ABZ) has an extensive portfolio of 42 bauxite tenements in Australia covering almost 9000sqkms, which have proximity to infrastructure connected to export ports and are free of socio-environmental or native title land constraints.

Range Resources (ASX: RRS, AIM: RRL) is an oil and gas company focusing on exploration operations in Puntland along with production in Trinidad and exploration acreage in Texas and Somalia.

Strike Energy (ASX: STX) is a high margin gas and condensate producer with assets in the Eagle Ford Shale, Texas, as well as the Cooper Basin, South Australia.

Stanmore Coal (ASX: SMR) is on the path to production from some strategically well positioned projects near infrastructure in Queensland, which already host Reserves of 94Mt and Resources of 498Mt.

Exoma Energy (ASX: EXE) holds both conventional and unconventional oil and gas permits in the Galilee Basin, Queensland, and is engaged in joint exploration with China’s CNOOC.

Dyesol (ASX: DYE) is an award winning global supplier of Dye Solar Cell materials and technology enabling metal, glass and polymeric based products in the building, transport and electronics sectors to generate clean electricity
 

 
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Wed, 15 Aug 2012 10:58:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132609/australian-bauxite-to-discuss-way-forward-in-asia-at-one2one-investor-forum-in-sydney-32454.html
<![CDATA[News - Australian Bauxite in voluntary suspension ahead of capital raising announcement ]]> https://www.proactiveinvestors.com.au/companies/news/132608/australian-bauxite-in-voluntary-suspension-ahead-of-capital-raising-announcement-29764.html Australian Bauxite (ASX: ABZ) has gone into voluntary suspension ahead of an announcement regarding a capital raising.

The company has not yet given any indication of the allocation of funds, but the company recently expanded the Pre-Feasibility Study (PFS) at the Goulburn Bauxite Project due to thick bauxite discovered earlier in the year.

Importantly, more than half of the 38 million tonne resource has been identified as high grade.

Metallurgical Tests, part of the PFS, confirmed that the remaining 47% of total identified bauxite resources, called PDM-DSO bauxite, contains dense, hard, magnetic emery nodules.

These are easily recovered by gravity screening for sale, leaving the remaining 70% light fraction as DSO grade bauxite.

Shares in Australian Bauxite will remain in suspension until the release of the announcement, which is expected by Friday June 8, 2012.



Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Wed, 06 Jun 2012 11:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132608/australian-bauxite-in-voluntary-suspension-ahead-of-capital-raising-announcement-29764.html
<![CDATA[News - Australian Bauxite granted halt pending capital raising announcement ]]> https://www.proactiveinvestors.com.au/companies/news/132607/australian-bauxite-granted-halt-pending-capital-raising-announcement-29676.html Australian Bauxite (ASX: ABZ) has been granted a trading halt by the ASX pending details of a proposed capital raising, with the company's shares placed in pre-open.

Australian Bauxite has not yet indicated where the potential inflow of funds will be allocated, but the company recently expanded Pre-Feasibility Studies at the Goulburn Bauxite Project due to thick bauxite discovered earlier in the year.

Importantly - over half of the 38 million tonne resource has been identified as high grade.

Pre Feasibility Study Metallurgical Tests confirmed that the remaining 47% of total identified bauxite resources, called PDM-DSO bauxite, contains dense, hard, magnetic emery nodules that are easily recovered by gravity screening for sale, leaving the remaining 70% light fraction as DSO grade bauxite.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 6th June.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 04 Jun 2012 09:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132607/australian-bauxite-granted-halt-pending-capital-raising-announcement-29676.html
<![CDATA[News - Australian Bauxite intersects 33 metres bauxite with direct shipping ore potential at Goulburn ]]> https://www.proactiveinvestors.com.au/companies/news/132606/australian-bauxite-intersects-33-metres-bauxite-with-direct-shipping-ore-potential-at-goulburn-25087.html Australian Bauxite (ASX: ABZ) has set a new record for bauxite thickness at the Goulburn Bauxite Project in New South Wales, intersecting of 33 metres of true thickness.
 
Four holes drilled at the Mt Rae area to follow up on previous results have verified the presence of unusually thick bauxite at the project, and broken the previous record thickness of 28 metres.

Two other holes from the latest round of drilling intersected 32 metres of bauxite, while the fourth hole intersected 23 metres.

Typically Australian bauxite deposits are less than 4 metres thick, and some are less than 2 metres thick.

Significantly, the thick bauxite zone is concealed beneath less than 1 metre of soil-clay.

Australian Bauxite has teamed up with Marubeni Corporation to conduct a $1.5 million pre-feasibility study into the Goulburn Project.

Metallurgical tests on bauxite containing poorly diffracting material (PDM) from the Taralga area have produced good quality Direct Shipping Ore (DSO) bauxite.

Deposits in the district contain thick zones of premium grade bauxite, free of clays and boehmite, and all horizons produce DSO bauxite.

So far DSO comprises 75-85% of the total tonnes produced from Goulburn.

Recovered PDM emery material can be sold for industrial uses.

A Resource upgrade for the Taralga area is planned prior to the conclusion of the Pre-Feasibility Study, which is scheduled for the end of March.

Taralga currently has a bauxite Resource of 25 million tonnes.

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Thu, 09 Feb 2012 10:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132606/australian-bauxite-intersects-33-metres-bauxite-with-direct-shipping-ore-potential-at-goulburn-25087.html
<![CDATA[News - Australian Bauxite inks maiden 16.8Mt high grade Bauxite JORC Resource at Binjour ]]> https://www.proactiveinvestors.com.au/companies/news/132605/australian-bauxite-inks-maiden-168mt-high-grade-bauxite-jorc-resource-at-binjour--20648.html Australian Bauxite (ASX: ABZ) has established an initial 16.8 million tonnes JORC Resource at its Binjour project in central Queensland, growing the company resources to 84 million tonnes.

The gibbsite-rich resource is based on 88 infill exploration holes that intersected a thick bauxite layer that is largely concealed beneath a surface clay horizon.

Significantly, most of the bauxite resources identified in this estimation are a superior quality bauxite suitable for sweetening circuits in refineries known as “Brown Sugar” bauxite.

The high grade core totalling 9 million tonnes of extremely high grade bauxite commands a large price premium.

Recently identified new bauxite areas at Binjour are currently being drill tested to expand resource extent.

High grade bauxite results from a further 13 holes were received after the resource estimation process and will be included in the next Binjour resource update.

The Binjour bauxite project is located approximately 160 kilometres inland from Bundaberg port.

A new exploration permit application has been made to secure the extension areas for the company. Once approved, exploration will accelerate in the Binjour district.

Resource growth has already exceeded the company’s target for calendar 2011 and has potential to continue across the 37 tenements in Queensland, NSW and Tasmania.

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Wed, 12 Oct 2011 16:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132605/australian-bauxite-inks-maiden-168mt-high-grade-bauxite-jorc-resource-at-binjour--20648.html
<![CDATA[News - Australian Bauxite doubles Taralga JORC Resource to 25Mt bauxite ]]> https://www.proactiveinvestors.com.au/companies/news/132604/australian-bauxite-doubles-taralga-jorc-resource-to-25mt-bauxite-16223.html Australian Bauxite (ASX: ABZ) has upgraded the bauxite JORC Resources at Taralga, southern New South Wales, and has iniated Pre-Feasibility baseline studies for the nearby Goulburn Bauxite Project.

There are now 25.3 million tonnes (Mt) of gibbsite-rich bauxite resources at Taralga, based on infill drilling done during the first Quarter of 2011 that totalled 577 drillholes for 4,575 metres.

Importantly, 40% of identified bauxite resources are Direct Shipping Ore (DSO) grade.

Four ore-types were identified, predominately quartz-rich gibbsite-rich bauxite similar to bauxite from the Darling Ranges south of Perth, Western Australia.

Drilling of new targets and extensions is continuing at Taralga and preliminary processing tests and detailed product assessments are underway.

Drilling has been approved on nearby tenements in the Goulburn area where bauxite occurs adjacent to the main rail line to the minerals export port at Port Kembla.

The company has 33 bauxite tenements in eastern Australia covering more than 7,500 square Kilometres.

Australian Bauxite has the potential to create significant bauxite developments in three states - Queensland, New South Wales and Tasmania.

The bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.

Laboratory results from recent drilling of the company's discoveries of bauxite in Tasmania are yet to be evaluated. However, the bauxite extends over relatively large areas.

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Thu, 12 May 2011 16:01:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132604/australian-bauxite-doubles-taralga-jorc-resource-to-25mt-bauxite-16223.html
<![CDATA[News - Australian Bauxite in trading halt pending drilling results announcement ]]> https://www.proactiveinvestors.com.au/companies/news/132603/australian-bauxite-in-trading-halt-pending-drilling-results-announcement-13765.html Australian Bauxite (ASX: ABZ) has requested a trading halt pending release of an announcement about encouraging drilling results.

The halt will last until an announcement is made or commencement of trading on Thursday 10th February 2011.

On January 18 Australian Bauxite commenced its 2011 drilling campaign at the Taralga bauxite project, with two drill rigs accelerating exploration.

Drilling is aiming to define a JORC resource at Taralga which is located near Goulburn, southern NSW.

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Tue, 08 Feb 2011 15:06:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132603/australian-bauxite-in-trading-halt-pending-drilling-results-announcement-13765.html
<![CDATA[News - Australian Bauxite kicks off two rig drilling program at Taralga bauxite project ]]> https://www.proactiveinvestors.com.au/companies/news/132602/australian-bauxite-kicks-off-two-rig-drilling-program-at-taralga-bauxite-project-13168.html Australian Bauxite (ASX: ABZ) has commenced its 2011 drilling campaign at the Taralga bauxite project, with two drill rigs accelerating exploration.

Drilling is aiming to define a JORC resource at Taralga which is located near Goulburn, southern NSW.

New ore-bodies discovered at Taralga in late 2010 are to be fast tracked.

A Second drill rig has been commissioned to expand drilling across three states.

Tasmania, Binjour in central Queensland and Guyra in northern NSW are on schedule for drilling in late Summer and Autumn.

Laboratory work is progressing well with results from the last phase of 2010 drilling in Tasmania and Binjour pending.
 
The bauxite deposits have remained dry but access in Queensland and Tasmania was temporarily restricted by highway closures due to flooding in low lying areas.

On 6 December 2010 the bauxite resources at Taralga doubled to 12 million tonnes following first-pass drilling.

More than half of the resources are easily mined Direct Shipping Ore (DSO) grade bauxite suitable for direct shipping to customers that require gibbsite-rich bauxite, which is the premium quality bauxite that is in highest demand globally.

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Tue, 18 Jan 2011 15:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132602/australian-bauxite-kicks-off-two-rig-drilling-program-at-taralga-bauxite-project-13168.html
<![CDATA[News - Australian Bauxite drilling extends high grade bauxite at Binjour and Taralga ]]> https://www.proactiveinvestors.com.au/companies/news/132601/australian-bauxite-drilling-extends-high-grade-bauxite-at-binjour-and-taralga-10906.html Australian Bauxite (ASX: ABZ) has received all laboratory results from the first pass drilling campaign at its Binjour Project south of Gladstone in Queensland, confirming the discovery of a concealed layer of good quality bauxite, and first-pass drilling near Goulburn in NSW has intercepted bauxite on all tenements.

Also, the company has also had 7 of the 8 tenements in Tasmania recently granted. The drill crews and equipment have been shipped to Tasmania and drilling commenced on 14 October on grazing and cropping farmland around Campbell Town in the Tasmanian midlands.

Bauxite is being encountered in the drillholes and in surface sampling and laboratory results of the drillhole samples will take approximately 6 weeks.

The company’s bauxite is high quality and can be processed into alumina at low temperature and is the type that is in short-supply globally. A new exploration permit application has been made to secure the extensions of the deposit at Binjour.

During exploration, an area of several square kilometres was discovered on the Binjour (EPM 18014) plateau 170km SW of Bundaberg, that has a good quality bauxite layer concealed beneath a soft, freedigging overburden layer.

Bauxite at Binjour is unexpectedly extensive over a wide and diverse area, thus warranting surface mapping and a drilling strategy to delineate thicker, shallow, good quality zones which may justify early development. Plans are now in preparation to recommence drilling on the Binjour plateau.

In addition, drilling in the district around Goulburn in southern NSW has been successful on the two project areas of Taralga, located 40km north of Goulburn, and Windellama, 40km south of Goulburn Inverell.

A maiden resource of 5.4 million tonnes of bauxite at Taralga was announced on 16 September 2010 and since then, another 10 days of drilling has continued to encounter extensions to the resources and has discovered two new bauxite deposits. Laboratory results are awaited.

A review of environmental factors has been submitted for consideration by the Mines Department to enable further resource definition drilling to be undertaken at Taralga, with no major impediments have been identified.

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Mon, 18 Oct 2010 11:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132601/australian-bauxite-drilling-extends-high-grade-bauxite-at-binjour-and-taralga-10906.html
<![CDATA[News - Australian Bauxite boosts bauxite Resource by 64% to 36Mt at Inverell ]]> https://www.proactiveinvestors.com.au/companies/news/132600/australian-bauxite-boosts-bauxite-resource-by-64-to-36mt-at-inverell-9759.html Sydney-based exploration company Australian Bauxite (ASX: ABZ) has increased the Inferred and Indicated Resources of its bauxite deposit A-B by 64% to 36 million tonnes of gibbsite-rich bauxite in tenement EL 6997 at Inverell in northern New South Wales.

This resource update is based on 78 new holes drilled into A-B deposit in May-June 2010 and the 118 holes drilled in 2009 - a total of 196 holes with 2,748 metres drilled and sampled.

Deposit A-B is only one of 4 major bauxite areas identified to date on EL 6997 and the area drilled for resources to date represents less than 15% of the bauxite areas identified. At least 50% of the large EL 6997 tenement is yet to be explored for bauxite.

The gibbsitic bauxite resource upgrades to premium grades at high yields with simple screening and large parts of the resource are Direct-Shipping Grade (DSO) requiring no processing.

Parts of the deposit have been confirmed as high grade, Direct Shipping Grade (DSO bauxite) up to 9.4 metresthick and averaging 6 metres thick. The A-B deposit is a relatively consistent, thick, high quality bauxite deposit averaging 5.6 metres in bauxite thickness and approximately 1 metre of overburden.

Ian Levy, CEO, said “the Inverell deposit is proving to be the predictable, thick, high quality bauxite that we hoped it would be. In mid 2010, we drilled 78 additional holes into the first resource area that had been drilled by 118 holes in 2009."

"This 66% increase in the number of resource drillholes has expanded resources by 64% whilst also increasing the proportion of Indicated Resources 67% of the deposit – a simultaneous increase in both tonnage and confidence in the deposit.”

“Drilling in 2011 will continue expanding the drill tested area of deposit A-B and we will commence resource drilling of the other 3 major deposits that are known on EL 6997."

"There were also some new discoveries of bauxite encountered in the additional 84 exploratory holes drilled in mid 2010 that warrant follow-up drilling. We also hope to commence resource estimation drilling in the nearby Pindaroi bauxite deposits discovered in the 18 firstpass exploratory drillholes completed in mid 2010.”

ABx has 29 bauxite exploration tenements in eastern Australia covering 7,000 sq kms and drilled a further 84 holes in May-June 2010 as first pass testing of the 3 other known bauxite deposits on EL 6997 which now warrant resource drilling.

ABx also drilled 18 holes in its nearby Pindaroi tenement, encountering thick bauxite in places that also warrant future resource drilling.

First-pass testing of several additional deposits has identified new areas warranting resource infill drilling anf the company has a Resource target between 200 and 300 million tonnes of bauxite.

Drilling is continuing in southern NSW near Goulburn with a high success rate. At ABx’s northernmost bauxite deposit at Binjour in central QLD, encouraging thicknesses of a concealed bauxite layer up to 15 metres thick were encountered and two-stages of drilling were completed in July.

A thick bauxite layer has been discovered at Binjour with early assays indicating high qualities.

A new deposit averaging 3 to 5 metres thick has been discovered near Haden, 40km north of Toowoomba, southeastern QLD but laboratory results are still awaited.

The drilling rig and crews have moved to the Goulburn area, southern NSW where application of improved geological understanding of these bauxite occurrences has led to a significant increase in the frequency of bauxite intercepts.

Good thicknesses of bauxite up to 7 metres thick are being intersected in most drillholes. The consistency and extent of the bauxite is impressive but laboratory results are still awaited.

The drill rig is being relocated to commence drill testing of the large bauxite target areas discovered at Trundle in mid-west NSW this week.

The plan is to complete 1,000 drillholes during 2010 and then increasethe rate of exploration further so as to complete 1,400 holes during calendar year 2011.

The company's bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.

The ABx discoveries of bauxite in Tasmania are yet to be evaluated by drilling but bauxite is confirmed to extend over relatively large areas.

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Fri, 03 Sep 2010 05:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132600/australian-bauxite-boosts-bauxite-resource-by-64-to-36mt-at-inverell-9759.html
<![CDATA[News - Australian Bauxite raises A$6m for exploration and development programs ]]> https://www.proactiveinvestors.com.au/companies/news/132599/australian-bauxite-raises-a6m-for-exploration-and-development-programs-9518.html Sydney-based exploration company Australian Bauxite (ASX: ABZ) has completed a placement of 13.50 million fully paid ordinary shares (15.77% of its issued capital) at 45 cents per share to sophisticated, eligible and/or professional investors, raising $6,075,000 before costs.

Following settlement on or before 27 August, the company will have cash reserves in excess of $10 million to fund its current exploration and development programs.

State One Stock Broking Limited facilitated the placement with strong participation by institutional funds.

ABx said it will continue its high rate of exploration activity for the remainder of 2010, including the completion of 1,000 holes, and, as a result of this capital raising, increasing the exploration rate to 1,400 holes in 2011.

By the end of 2010, the company expects to complete first pass drilling on all of its granted tenements in Queensland, NSW & Tasmania, and complete prioritisation of its projects.

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Mon, 23 Aug 2010 07:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132599/australian-bauxite-raises-a6m-for-exploration-and-development-programs-9518.html
<![CDATA[News - Australian Bauxite in trading halt pending capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/132598/australian-bauxite-in-trading-halt-pending-capital-raising-9457.html Australian Bauxite (ASX: ABZ) has requested a trading halt pending release of an announcement about a proposed capital raising.

The halt will last until an announcement is made or commencement of trading on 23rd August 2010.

Australian Bauxite is looking to drill its exciting Tasmanian bauxite deposits before year-end, thus completing a first-pass evaluation of all its projects 6 months ahead of schedule.

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Thu, 19 Aug 2010 08:12:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132598/australian-bauxite-in-trading-halt-pending-capital-raising-9457.html
<![CDATA[News - Australian Bauxite looks to drill Tasmania deposits before year end ]]> https://www.proactiveinvestors.com.au/companies/news/132597/australian-bauxite-looks-to-drill-tasmania-deposits-before-year-end-9327.html Sydney-based exploration company Australian Bauxite (ASX: ABZ) has successfully completed its first-pass drilling campaigns on all of its Queensland projects and its second-pass drilling campaign at Inverell in northern NSW along with a first-pass exploratory drilling of Pindaroi near Inverell.

Results are considered satisfactory, and, in some places, better than expected. At Binjour in central Queensland, a good quality concealed bauxite layer has been discovered and a bauxite deposit has also been located at Haden, south-eastern Queensland.

Initial laboratory results for Inverell & Pindaroi in northern New South Wales, plus Hampton and Binjour in Queensland have been received. A resource upgrade for Inverell has commenced on schedule and will be reported in late August.

First-pass drilling near Goulburn, southern NSW, is intercepting bauxite in most holes and preparations for commercial discussions in September-December are on track. The company said drilling is continuing ahead of schedule in southern NSW near Goulburn with a high success rate.

Ian Levy, CEO, said “the ABx exploration team is achieving rapid discovery rates and a massive increase in geological knowledge about this large, new bauxite province that ABx has discovered over 1,400 kms from central Queensland to Tasmania."

“In March 2010, we told shareholders we wanted to accelerate exploration and our team has already delivered on that promise. We could be drilling our exciting Tasmanian deposits before year-end, thus completing a first-pass evaluation of all our projects 6 months ahead of schedule.”

The drilling rig and crews have moved to the Goulburn area, southern NSW where application of improved geological understanding of these bauxite occurrences has led to a significant increase in the frequency of bauxite intercepts.

The company said good thicknesses of bauxite up to 7 metres thick are being intersected in most drillholes and the consistency of the bauxite is impressive.

The Department of Industry and Investment has approved a 780 hole drilling program at Inverell, following submission of a Review of Environmental Factors. The approval is for 3 years.

ABx's bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers. The ABx discoveries of bauxite in Tasmania are yet to be evaluated by drilling but bauxite is confirmed to extend over relatively large areas.

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Fri, 13 Aug 2010 06:14:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132597/australian-bauxite-looks-to-drill-tasmania-deposits-before-year-end-9327.html
<![CDATA[News - Australian Bauxite finalises A$3.5 million share placement ]]> https://www.proactiveinvestors.com.au/companies/news/132596/australian-bauxite-finalises-a35-million-share-placement-5741.html Australian Bauxite (ASX: ABx) has finalised a placement of 10 million fully paid ordinary shares at 35 cents per share raising $3.5 million before costs.

The placement was arranged by State One Stockbroking Ltd. Shares were issued to institutions and sophisticated investors.

Settlement of the placement will take place on Thursday, 18th March, 2010.

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Wed, 17 Mar 2010 08:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132596/australian-bauxite-finalises-a35-million-share-placement-5741.html
<![CDATA[News - Australian Bauxite banks on big year in bauxite provinces ]]> https://www.proactiveinvestors.com.au/companies/news/132595/australian-bauxite-banks-on-big-year-in-bauxite-provinces-4959.html Sydney-based exploration company Australian Bauxite (ASX: ABZ) is expecting a big year, with the company hoping to continue increasing the value of its portfolio in three bauxite provinces.

The company, which last traded for 39c on the Australian Securities Exchange, was admitted to the Official List of the Australian Stock Exchange on 21 December 2009.

It was formed specifically for the purpose of acquiring the bauxite interests of Hudson Resources Limited; increasing the value of the portfolio through a staged development program in each of three bauxite provinces which will include exploration sampling, drill testing and analyses from a wide range of targets on all exploration tenements; resource definition drilling and bauxite metallurgical testwork on the more advanced prospects.

The ABx project tenements consist of seventeen exploration tenements granted or under application covering over 5,000 sq kms of ground considered prospective for bauxite; 3,477 sq kms in NSW and 1,617 sq kms in Queensland.

The bauxite deposits are located close to existing transport and other infrastructure, close to coal mines, industrial centres and ports on the east coast of Australia.

The Maiden resource of 22 million tonnes of 5m to 9m thick, hi‐quality bauxite at Inverell in New South Wales from less than 10% of first target deposit drilled to date.

Bauxite Ore quality is typical, while high alumina 40%‐50% Al2O3 ; High available alumina 35%‐40% Al2O3.

It contains low reactive silica: 1.5%‐4% SiO2 (ie. low clay contamination).

The company has 70 million shares @ 37 cents, a A$30m market capitalisation and the cash balance at January 2010 is A$3.5 million (annual budget A$1.8M).

Australian Bauxite aims to develop shareholder wealth creation by developing Direct‐Shipping Bauxite early cashflows, premium-grade bauxite and through its Alumina Refinery Project.

 

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Mon, 15 Feb 2010 13:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132595/australian-bauxite-banks-on-big-year-in-bauxite-provinces-4959.html
<![CDATA[News - Australian Bauxite shares up almost 38% as company announces tenement update ]]> https://www.proactiveinvestors.com.au/companies/news/132594/australian-bauxite-shares-up-almost-38-as-company-announces-tenement-update-4849.html Shares in Sydney-based exploration company Australian Bauxite (ASX: ABZ) jumped almost 38% after the company announced the latest details on its 17 bauxite exploration tenements in eastern Australia covering over 5,000 sq kms.

The company was trading 11c, or 37.9%, higher to 40c just after midday.

In a statement, the company said a small area of one tenement, EL 6977 at Inverell in northern New South Wales, has been drill tested by 118 holes totalling 1,773 metres. The drilling has only evaluated 15% to 30% of bauxite Deposit A-B which has been mapped for 4.6 kilometres to date and is open to the north and west.

Deposit A-B is only one of 4 major bauxite areas identified to date on EL 6977, with the initial resource area represents less than 10% of the known major bauxite areas identified. Around 40% to 50% of the tenement is yet to be explored.

The company has also recently identified additional major bauxite areas within another of its tenements - EL 7268 at Pindaroi, located 10 kilometres northeast of EL 6977.

The maiden Resource contains 22 million tonnes of gibbsite-rich bauxite on first target area on EL 6997, with the figure based on drilling of less than 10% of known bauxite areas on EL 6997.

The Gibbsitic bauxite upgrades to premium grades at high yields with simple screening, with large proportion of the resource Direct-Shipping Grade, which is bauxite that is of sufficiently good quality that it can be mined and sold in its raw form after simple crushing and sizing.

Approximately 75% of the deposit tested to date meets DSO grades.

Several additional deposits also identified, some covering areas larger than deposit A-B and many times larger than the maiden resource area

The initial resource target for Inverell is between 200 and 300 million tonnes

The potential for very large regional bauxite resources in these two tenements has been increased by these recent developments in EL 6977 and EL 7268.

Drilling in the initial resource area encountered a remarkably uniform bauxite layer typically 3.5 to 9 metres thick with less than 1 metre of overburden. Most of this very thick deposit lies at surface with no overburden.

Australian Bauxite Chief Executive Ian Levy said the discovery of very thick, high quality bauxite was a good start for a rapidly growing small company that aspires to prove-up large bauxite resources over the next 2 years.

"Drilling during 2010 is expected to expand the drill tested area of deposit A-B substantially and will commence testing the other 3 major deposits already indentified at Inverell," Mr Levy said.

"We should also make headway in evaluating nearby Pindaroi which has indications of extensive bauxite zones.

"We hope to upgrade resource estimations in the Inverell-Pindaroi areas during the year."

The ABx project tenements consist of seventeen exploration tenements granted or under application covering over 5,000 sq kms of ground considered prospective for bauxite; 3,477 sq kms in NSW and 1,617 sq kms in Queensland.

The bauxite deposits are located close to existing transport and other infrastructure, close to coal mines, industrial centres and ports on the east coast of Australia.

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Wed, 10 Feb 2010 09:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132594/australian-bauxite-shares-up-almost-38-as-company-announces-tenement-update-4849.html