Australian Bauxite Ltd

Australian Bauxite intersects 33 metres bauxite with direct shipping ore potential at Goulburn


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.

Quick facts: Australian Bauxite Ltd

Price: $0.11

Market: ASX
Market Cap: $16.06 m

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