Australian Bauxite Ltd discovers high grade bauxite at New Portside Production Centre

Australian Bauxite Limited has started its first bauxite mine in Tasmania and holds the core of the Eastern Australian Bauxite Province. ABx's 37 bauxite tenements in Queensland, New South Wales & Tasmania exceed 5,000 km2 and were selected for good quality bauxite, good infrastructure as they are well connected to export ports and as they are free of socio-environmental constraints. All tenements are 100% owned, unencumbered & free of third-party royalties.

ABx's discovery rate is increasing as knowledge, technology & expertise grows. The Company's bauxite is high quality gibbsite tri-hydrate (THA) bauxite & can be processed into alumina at low temperature - the type in short supply globally.

Australian Bauxite Limited (ABx) has received high grade results from drill hole samples into the PR-18 bauxite deposit located north of Launceston and close to the Bell Bay export port, northern Tasmania. The results are mainly high-grade, direct shipping bauxite (DSO). ABx considers the Portside area to be their third Bauxite Production Centre. ABx's business plan is to produce from 3 production centres so as to maximise blending to produce consistent products

ABx's first two production centres are:
(1) Campbell Town production centre which includes ABx's operating mine at Bald Hill
(2) DL-130 Production Centre at west of Launceston

Initial bauxite resources for the Campbell Town production centre total 3.5 million tonnes. ABx's total bauxite resources for all regions total 119 million tonnes, of which 9.2 million tonnes are in Tasmania. The drilling program for the DL-130 area has concluded for 2015 and revised resource estimation will be conducted over coming months

Australian Bauxite CEO Ian Levy said; "This discovery is a result of ABx's proprietary exploration technology and efficient drilling by the ABx exploration team. Bauxite potential in this area was downgraded by early explorers because surface samples were low grade. ABx encountered similar surface results but the ABx exploration technology showed that good bauxite should also exist in this area. So ABx drilled 68 reconnaissance drill holes and the 18th hole discovered this excellent bauxite in an ideal location."

Bell Bay is the largest export port in Tasmania and is the bulk export for bauxite. All highways, rail and port infrastructures have sufficient spare capacity for the planned bauxite exports.