11 JUNE 2013Proactiveinvestors.com.au
Aziana Limited acquires further bauxite acreage in Madagascar
Edited by : AL CIRCLE
1 min read
Aziana Limited has extended the scale and scope its bauxite exploration project at Manantenina in Madagascar with the acquisition of additional exploration permits.
The Soanomeiny blocks total 18.75 square kilometres and cover most of the area between the company’s Ampasimena and Esama Blocks, increasing its total holdings in the area to 237.5 square kilometres.
These new blocks are highly prospective for the discovery of bauxite in a style and nature contiguous with the already defined gibbsiferous bauxite at Esama.
Aziana had previously defined a maiden Inferred Resource of 10.09 million tonnes at 34.1% available alumina and 2.3% reactive silica at Esama.
Test pitting and auger drilling has also confirmed high quality bauxite, similar to the Esama resource, across 25 square kilometres of the Ampasimena license.
Aziana added that its previously announced target to define 100-140 million tonnes of screened (2mm) bauxite product at 33% - 38% AvAl2O3 with an AvAl2O3 to RxSiO2 ratio of 13-16 is realistic, achievable and further enhanced by this acquisition.
The company is continuing its work on the commercial and exploitation options for the project.
The Soanomeiny blocks total 18.75 square kilometres and cover most of the area between the company’s Ampasimena and Esama Blocks, increasing its total holdings in the area to 237.5 square kilometres.
These new blocks are highly prospective for the discovery of bauxite in a style and nature contiguous with the already defined gibbsiferous bauxite at Esama.
Aziana had previously defined a maiden Inferred Resource of 10.09 million tonnes at 34.1% available alumina and 2.3% reactive silica at Esama.
Test pitting and auger drilling has also confirmed high quality bauxite, similar to the Esama resource, across 25 square kilometres of the Ampasimena license.
Aziana added that its previously announced target to define 100-140 million tonnes of screened (2mm) bauxite product at 33% - 38% AvAl2O3 with an AvAl2O3 to RxSiO2 ratio of 13-16 is realistic, achievable and further enhanced by this acquisition.
The company is continuing its work on the commercial and exploitation options for the project.
Previous article
Indian Tribal Ministry objects to state move against SC order
Next articleOrd looks to sell-off bauxite interests
Grow with
AL Circle
