23 DECEMBER 2012Yahoo Finance
Australian Bauxite Limited establishes virtual data room
Edited by : AL CIRCLE
1 min read
Australian Bauxite Limited has established a virtual data room in response to approaches made since its declaration of three State-Significant Projects.
All participants have been afforded equal access, based on their commitment level, commencing with execution of a confidentiality agreement, and then progressing through term sheet and MoUs.
The data room is currently open to six international groups and their advisors, who are investigating the ABx opportunity, be it at tenement, project, subsidiary or company level.
Site visits have been conducted in each of the Projects and are ongoing.
Australian Bauxite Limited holds the core of the newly discovered Eastern Australian Bauxite Province. Its 37 bauxite tenements in Queensland, NSW and Tasmania covering 8,500 km2 were rigorously selected on 3 principles: 1. good quality bauxite; 2. proximity to infrastructure connected to export ports; and, 3. free of socio-environmental or native title land constraints. The company's bauxite is high quality and can be processed into alumina at low temperature - the type that is in short-supply globally.
All participants have been afforded equal access, based on their commitment level, commencing with execution of a confidentiality agreement, and then progressing through term sheet and MoUs.
The data room is currently open to six international groups and their advisors, who are investigating the ABx opportunity, be it at tenement, project, subsidiary or company level.
Site visits have been conducted in each of the Projects and are ongoing.
Australian Bauxite Limited holds the core of the newly discovered Eastern Australian Bauxite Province. Its 37 bauxite tenements in Queensland, NSW and Tasmania covering 8,500 km2 were rigorously selected on 3 principles: 1. good quality bauxite; 2. proximity to infrastructure connected to export ports; and, 3. free of socio-environmental or native title land constraints. The company's bauxite is high quality and can be processed into alumina at low temperature - the type that is in short-supply globally.
Previous article
Rio Tinto agrees sale of shareholding in Palabora
Next articleBauxite Resources Limited appoints new acting CEO
Grow with
AL Circle
