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06 SEPTEMBER 2019 AL CIRCLE

Australian Bauxite’s revenue soars to $2.08 million in the half‐year ended 30 June 2019

EDITED BY : HEENA IQBAL 1MINS READ

Australian Bauxite Ltd published the half yearly report for the period ending June 30, 2019. The company reported a $1.57 million loss for the half‐year ended 30 June 2019. Revenue stood at $2.08 million, up from $95,000 in the corresponding period last year.

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Australian Bauxite shipped 32,477 tonnes of cement grade bauxite from Bell Bay in early June 2019.  The company said sales of fertiliser-grade bauxite continue as superphosphate fertiliser made by acid-processing bauxite is gaining strong sales. “Reinstating of soil at Bald Hill mine has also preserved and secured stockpiles of fine-grained bauxite that is ideal for ALCORE’s bauxite refining project, according to Australian Bauxite.

During the half‐year ended 30 June 2019, Australian Bauxite’s subsidiary ALCORE Limited commenced trial bauxite refining experiments at the ALCORE Research Centre to produce aluminium fluoride.

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ALCORE funded the development of a pilot plant capable to produce Aluminium Fluoride (AlF3) and valuable co-products, using new Australian technology. The ALCORE Research Centre at Berkeley Vale on the NSW Central Coast will prepare large samples of Aluminium Fluoride for product-testing by potential customers in the second half of 2019.


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EDITED BY : HEENA IQBAL 1MINS READ

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