Australian Bauxite Ltd published Quarterly Report & Activity statement for three months to 31st December’19
The Australian Bauxite Ltd has published the quarterly report and activity statement for the period to 31st December 2019.
Cement-grade bauxite was loaded and shipped from bell bay in early June was 32,477 tonnes. Sales of fertilizer grade bauxite from Bald Hill are on-going to plan, despite drought conditions.
The bulk sampling programs at Australian Bauxite’s Binjour project in QLD have determined the most favourable mining lease application and shed light on the mining processing strategy for the project.
The directors of Australian bauxite Ltd. have mandated the lodgement of a mining lease application in early 2020, post confirmation of grades and successful enhancing tests. The lodgement process commences in late December’19.
The Binjour project pre-production and working capital costs are fully funded by Australian Bauxite Ltd.’s marketing partner, Rawmin Mining and Industries of India.
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