Proactive Investors - Run By Investors For Investors

Australian Bauxite defines second Tasmania bauxite mining lease

Australian Bauxite defines second Tasmania bauxite mining lease

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.

View full ABX profile View Profile

Australian Bauxite Ltd Timeline

Newswire
December 10 2013

Related Articles

Cobalt
November 28 2018
The junior miner is acquiring the Hautalampi nickel-copper-cobalt deposit in the historic Outokumpu mining camp of eastern Finland
Map of McDermitt Lithium Project in the US
November 20 2018
An exploration target range has been established for the McDermitt project in the US.
miners
February 06 2018
Coro Mining is on the move in Chile, with feasibility work nearing completion and new ground to work on

© 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