ABx’s Binjour bauxite resources review poised to progress to the next step

Leading bauxite producer Australian Bauxite Limited (ABx) recently updated its investors on the review of bauxite resources at Binjour saying that the project is soon to step into its next logical level. According to the company, Rawmin Mining and Industries Pvt. Ltd, the marketing partner of ABx, has requested to make advancement with the review that began in May, Aluminium Insider reported.

The scope of the Binjour bauxite resources review includes a mining lease at Toondoon, located one hundred miles from the port city Bundaberg in central Queensland. The lease having an estimated bauxite reserve of 3.5 million metric tonnes may see commencement of bauxite production even prior to full approval of the operations at Binjour.

ABx’s COO Leon Hawker said, “The greater Binjour project has potential to produce metallurgical grade bauxite during the dry season which is the same time of year that monsoons close the ports in western India that Rawmin uses to export its bauxite. Coordination between Rawmin and ABx could supply good quality trihydrate gibbsite bauxite to an alumina refinery all year round.”

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“Rawmin will lead this project assessment for the rest of 2017 whilst ABx staff focus on making shipments of cement-grade bauxite from its Tasmanian operations,” Hawker updated.

ABx acquired the requisite permission to conduct bauxite mining activities in Binjour in late 2012. Subsequent exploration revealed presence of high metallurgical grade bauxite in the southern part of the region in 2015.

Queensland’s Binjour tenement is considered by Australian Bauxite to be its flagship project and is expected to make reasonable progress in the forthcoming financials.