logo-loader
Mining
Australian Bauxite Ltd

Australian Bauxite defines second Tasmania bauxite mining lease

au_tasmania__350_53731bfcd9346.jpg

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.

Quick facts: Australian Bauxite Ltd

Price: $0.11

Market: ASX
Market Cap: $15.33 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Musgrave Minerals signs $18 million earn-in JV with...

Musgrave Minerals Ltd (ASX:MGV) managing director Robert Waugh updates Proactive on the signing of an $18 million earn-in joint venture agreement with Evolution Mining centred on the Lake Area of the Cue Project in W.A.  Evolution can earn 75% in the area by sole funding $18 million in...

26 minutes ago

2 min read