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Bauxite Resources boosts bauxite JORC Resources by 53% to 51.2m tonnes
Edited by : AL CIRCLE
1 min read
Bauxite Resources (ASX: BAU) has delivered a maiden Indicated and Inferred bauxite JORC Resource of 17.8 million tonnes at 41.2 % Total Alumina 29.9% Available Alumina and 3.8% Reactive Silica at its Cardea 3 deposit.
The deposit is within its northern Darling Range tenement area about 20 kilometres north west of Toodyay in Western Australia.
With the release of the maiden Cardea 3 resources the company's total bauxite Resources increased by 53% to 51.2 Mt at 41.1% Total Alumina, 30.1% Available Alumina 3.9% Reactive Silica.
Importantly, the new Cardea 3 resource is within 6 kilometres of existing rail infrastructure and 120 kilometres from the nearest bulk handling port.
Resource estimation for the several other prospects within the Northern Darling Range tenements is currently underway with substantial drilling results have yet to be modelled.
The deposit is within its northern Darling Range tenement area about 20 kilometres north west of Toodyay in Western Australia.
With the release of the maiden Cardea 3 resources the company's total bauxite Resources increased by 53% to 51.2 Mt at 41.1% Total Alumina, 30.1% Available Alumina 3.9% Reactive Silica.
Importantly, the new Cardea 3 resource is within 6 kilometres of existing rail infrastructure and 120 kilometres from the nearest bulk handling port.
Resource estimation for the several other prospects within the Northern Darling Range tenements is currently underway with substantial drilling results have yet to be modelled.
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