For thousands of other reports visit RSC's Mineral Intellingence Map
Bauxite Resources Ltd.
Summary
| Project: | Maralla Road | |
|---|---|---|
| Deposit: | Maralla Road | |
| Location: | Australia | |
| Commodities: | Silica-Aluminium-Iron | |
| Date: | 4/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-4-2019: Bauxite Resources Ltd. announces a Resource Estimation report for its Maralla Road deposit at the Maralla Road project. Initial mineral resource estimate at the project. Bauxite Resources Limited (ASX: BAU) (“BRL” or “the Company”) is pleased t | |
| Resources: | (Resource, Inf.): 10.7Mt @ 99.8% SiO2, 0.02% Fe2O3, 0.01% Al2O3 | |
| CP/QP: | [Resources]: Shaun Searle (Ashmore Advisory Pty Ltd.) | |
| ABSTRACT: | Bauxite Resources Limited (ASX: BAU) (“BRL” or “the Company”) is pleased to announce the results from the independent estimate of the resource at Urban Resources Pty Ltd’s (Urban’s) Maralla Road Sand Deposit located north of Perth. BRL’s wholly owned subsidiary Australian Silica Quartz Pty Ltd (“ASQ”) has executed a binding term sheet with Urban to jointly exploit Urban’s Maralla Road Silica Sand deposit located in Bullsbrook, Western Australia. Under the term sheet, ASQ will run the marketing and sales operations, and will fund the additional equipment up to $1.25 million required to upgrade the current sand produced to the higher grades required to meet the overseas markets requirements. Urban will be the mine operator using its current staff and equipment (together with the additional equipment acquired by ASQ) with each party providing its services at its cost and profits will be split equally (BRL (2019). Update on Silica Sand Term Sheet. ASX Release 21 January). Metallurgical testwork undertaken by ASQ and Urban has indicated that after washing, the mined sand is expected to produce a product with 99.93% silica and iron levels less than 0.012%. Further testwork is in progress and includes attritioning. High Purity Silica is in high demand and can secure a premium price for applications that include PV Solar cells, specialty and high-tech glass, semiconductors, high quality foundry sands and other specialist technology applications. The company plans on commencing silica sand export sales at a rate of 50-150 Ktpa. BRL’s CEO, Sam Middlemas, commented as follows “This result confirms the Company’s belief that Urban’s Maralla Road deposit is a high-quality silica sand resource that will sustain long term operations. ASQ is actively marketing this sand and hopes to begin exports in the coming months, initially with washed sand from the existing plant and then further refined high grade silica sand once the plant upgrade has been completed” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report