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Bauxite Resources increases Felicitas Resource in Western Australia

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Bauxite Resources (ASX: BAU) has increased Resources at the Felicitas deposit in the Darling Range, Western Australia, to 218.7 million tonnes at 30.7% available AI2O3.

This is up from the previous 147.9Mt and has also increased its Bauxite Alumina Joint Ventures resource with China’s Yankuang Resources up to 327.2Mt, the largest resource in Australia outside current alumina producers.

Indicated and Measured Resources at Felicitas totals 157.2Mt.

The Resource is of sufficient scale to support a 1.25 million tonne per annum alumina refinery for nearly 50 years.

Felicitas is located about 60 kilometres northeast of Perth and within 5 kilometres of an existing rail link to Kwinana Port.

Further growth is expected in the near-term from a proposed drilling program.

 

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.

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ASX:BAU
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Market Cap: $8.36 m
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