28 JUNE 2011ABN Newswire
Australian Bauxite Limited (ASX:ABZ) Announce High Grade Brown Sugar Bauxite Discovery at Guyra, NSW
Edited by : AL CIRCLE
1 min read
Sydney, June 28, 2011 (ABN Newswire) - Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) has received laboratory results from drilling at its Guyra project in NSW.
63 holes intersected a thick layer of bauxite located beneath a thin clay horizon, including some exceptionally high grade, thick gibbsite bauxite, ideal as a "sweetener" to any bauxite refinery.
Australian Bauxite CEO Ian Levy said; "This is our 2nd discovery of premium quality bauxite concealed under a thin clay layer. We hope to find a lot more.
"We may be able to sell large tonnages to bauxite-alumina refineries needing "sweetener" bauxite that processes at low temperature and has very low reactive silica contents.
"We've called this bauxite type "Brown Sugar" bauxite - sweet and greatly sort after. It may become a brand name in the industry one day.
"Being next to rail may help the Inverell-Guyra project get started early."
63 holes intersected a thick layer of bauxite located beneath a thin clay horizon, including some exceptionally high grade, thick gibbsite bauxite, ideal as a "sweetener" to any bauxite refinery.
Australian Bauxite CEO Ian Levy said; "This is our 2nd discovery of premium quality bauxite concealed under a thin clay layer. We hope to find a lot more.
"We may be able to sell large tonnages to bauxite-alumina refineries needing "sweetener" bauxite that processes at low temperature and has very low reactive silica contents.
"We've called this bauxite type "Brown Sugar" bauxite - sweet and greatly sort after. It may become a brand name in the industry one day.
"Being next to rail may help the Inverell-Guyra project get started early."
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