Sign up Australia
Proactive Investors - Run By Investors For Investors

Australian Bauxite inks maiden 16.8Mt high grade Bauxite JORC Resource at Binjour

Australian Bauxite inks maiden 16.8Mt high grade Bauxite JORC Resource at Binjour

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.

View full ABX profile View Profile

Australian Bauxite Ltd Timeline

Newswire
December 10 2013

Related Articles

1539165351_Tertiary---exploration-in-Sweden.jpg
October 10 2018
Tertiary Minerals has a unique portfolio of fluorspar assets in Europe and the US
Alaska map
October 03 2018
The project includes the “smoking gun” deposit Zackly which contains an inferred resource of 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver, with mineralisation continuing 100 metres below the bounty.
1538719481_shutterstock_145281661.jpg
October 06 2018
Northwest Nonferrous Australia Mining sold the project to De Grey in a transaction for which it will pay another $10.4 million in cash and $3 million in shares.

© Proactive Investors 2018

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