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Australian Bauxite Ltd.

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Summary

Project:

Binjour

Deposit:Binjour
Location:Australia
Commodities:Aluminium-Silica-Iron-Titanium
Date:6/18/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:18-6-2018: Australian Bauxite Ltd. announces a Resource Estimation report for its Binjour deposit at the Binjour project. Updated mineral resource estimate at Binjour. Emerging bauxite producer, Australian Bauxite Limited (ABx, ASX Code ABX) holds tenemen
Resources:(Resource, I+I): 37.0Mt @ 36.2% Al2O3, 14.6% SiO2, 24.9% Fe2O3, 4.2% TiO2
CP/QP:[Resources]: Ian Levy, Scott McManus (Internal;Independent)
ABSTRACT:Emerging bauxite producer, Australian Bauxite Limited (ABx, ASX Code ABX) holds tenements covering the core of the Eastern Australian Bauxite Province (see Figure 6). ABx considers its Binjour Project located 115kms southwest of Bundaberg Port (see Figure 1) to be a discovery of a major bauxite province which is being assessed to become the company’s flagship project over the next 5 years. Resource estimations are confirming the significant potential of Binjour. A 3 to 15 metres thick layer of bauxite extends over the entire 44 square kilometre Binjour Plateau (see Figure 2). Parts of this bauxite layer totalling 10.4 million tonnes is suitable for simple bulkmining and shipping as “DSO Bauxite 1” whilst other areas totalling 26.6 million tonnes contain silica gel veinlets which require processing with ABx’s proprietary TasTech technology to reduce silica and upgrade the Al2O3 content to meet the target production grade. Mine planning and scheduling is in progress to determine the optimum mining and processing needed to achieve the two main Binjour Products, the grades of which have been established by a bulk sampling program that subsampled 2,000 tonnes of drillhole samples in December 2017.

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