Australian Bauxite Ltd Fingal Rail Bauxite Resource increase to 6 mt

<p>Australian Bauxite Limited Fingal Rail Bauxite Project in northern Tasmania has proven to be ideal for production of cement-grade bauxite for rail transport and export from Bell Bay Port. <br /><br />Cement-grade bauxite resources for the Fingal Rail Bauxite Project total 6.3 million tonnes 1 which is a 5-fold increase compared with its maiden resource estimate of 1.18 million tonnes. <br /><br />Fingal Rail is considered the most likely second mine for ABx and would be operated as part of the Campbell Town production centre under the same operating team that is working on the Bald Hill Mine, which was the first new bauxite mine in Australia for more than 35 years. <br /><br />When long-term sale contracts are finalised, ABx will expedite development of Fingal Rail which holds substantial tonnages of cement-grade bauxite that are ideal for large-scale production and are located immediately adjacent to the rail line (see Figures 1 to 4 in link below). <br /><br />Ninety per cent of Fingal Rail resources meet saleable grade in its raw state but it is anticipated that most of the bauxite production from Fingal Rail Bauxite Project will be dry-screened into a range of quality-assured product types to suit the specific requirements of each customer. <br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/ABX.jpg" alt="News" width="382" height="382" /><br /><br />Total Tasmanian bauxite resources now exceed 12 million tonnes (an increase of 33 per cent). <br /><br />The upgrade to Fingal Rail bauxite resources increase ABx's total resource base for all regions in Eastern Australia to 124 million tonnes, of which 12 million tonnes are in Tasmania. <br /><br />Tasmanian bauxite deposits at Nile Road, DL-130 and Portside (see Figure 2) will be reassessed for their cement-grade bauxite resources and for their economic potential.</p>