Proactive Investors - Run By Investors For Investors

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.

View full ABX profile View Profile

Australian Bauxite Ltd Timeline

Newswire
December 10 2013

Related Articles

Cobalt symbol, Co
Tue
Winmar plans to relist on the ASX when all licences and permits are owned by the Luapula joint venture.
Blackrock gold mine
December 06 2018
The high-grade gold and silver project in north-central Nevada is adjacent to Hecla's Hollister Mine
periodic table
September 10 2018
W Resources should be in production from La Parrilla next year

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use