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Australian Bauxite doubles Taralga JORC Resource to 25Mt bauxite

Australian Bauxite doubles Taralga JORC Resource to 25Mt bauxite

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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Australian Bauxite Ltd Timeline

Newswire
December 10 2013

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