Australian Bauxite confirm shipments of 33,405 tonnes of cement-grade bauxite from Bell Bay port

Australian Bauxite Ltd confirmed shipments of 33,915 tonnes of cement and fertiliser grade bauxites for three months to 30 September 2020. The Group’s available cash at the end of the quarter was $1.7 million and is currently is about $1.3 million.

“Alcore’s Memorandum of Understanding with the Japanese global trading company Sojitz Corporation (Sojitz), which owns alumina assets in Australia, is already leading to potential business relationship with respect to AlF3,” the company said.

Australian Bauxite delivered 509 tonnes of fertiliser grade bauxite from the Bald Hill Bauxite Project. The company received new orders for fertiliser grade bauxite as agricultural fertiliser demand rises as droughts break.

“On-ground exploration was curtailed in Queensland and Tasmania by COVID-19 travel restrictions but continued in NSW as time permitted. Engineering and senior staff costs increased for the Binjour Project and exploration lab research work increased. Direct research and development costs totalling $1,540,000 was recorded in Appendix 5B for ALCORE Limited’s mine production costs, research into Aluminium Fluoride technology, bauxite beneficiation and exploration, excluding staff and other administration costs.”