01 AUGUST 2014www.proactiveinvestors.com.au
Aziana Limited opens data room for Manantenina Bauxite Project
Edited by : AL CIRCLE
2 min read
Aziana Limited has opened an online data room to a third party that could join as a partner to develop its Manantenina Bauxite Project in Madagascar.
While under the radar to some investors, it shouldn't be as Manantenina offers a number of bauxite riches that a JV partner would salivate over.
Boasting a deposit to date of 10.09 million tonnes at Esama over 6.25 square kilometres, with available alumina of 30-45% and reactive silica of less than 2.5%.
There looks to be significant resource upside to boot, of 120-160 million tonnes which would be attractive to a partner to do the heavy financial lifting to develop a Direct Shipping Ore product from the project.
As is the case with many bauxite deposits, the Indonesian export ban of bauxite has re-heightened interest in Manantenina.
The project hails as the largest undeveloped Indian Ocean based bauxite deposit with an advantageous project location vs West African projects.
The discovery by Aziana of this new bauxite (gibbsite) occurrences over a defined area of over 90 square kilometres of its tenure will gain attention in the second half of 2014 as the Indonesian ban begins to bite.
So it will be with interest to see the progress with the third party running a ruler over Manantenina.
While under the radar to some investors, it shouldn't be as Manantenina offers a number of bauxite riches that a JV partner would salivate over.
Boasting a deposit to date of 10.09 million tonnes at Esama over 6.25 square kilometres, with available alumina of 30-45% and reactive silica of less than 2.5%.
There looks to be significant resource upside to boot, of 120-160 million tonnes which would be attractive to a partner to do the heavy financial lifting to develop a Direct Shipping Ore product from the project.
As is the case with many bauxite deposits, the Indonesian export ban of bauxite has re-heightened interest in Manantenina.
The project hails as the largest undeveloped Indian Ocean based bauxite deposit with an advantageous project location vs West African projects.
The discovery by Aziana of this new bauxite (gibbsite) occurrences over a defined area of over 90 square kilometres of its tenure will gain attention in the second half of 2014 as the Indonesian ban begins to bite.
So it will be with interest to see the progress with the third party running a ruler over Manantenina.
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