Bauxite Resources completes maiden resource estimate for Athena Project, Western Australia

Bauxite Resources Limited announces that a maiden resource estimate has been completed on the Company's new Athena project, eastern Darling Range, Western Australia.

The resource is located on private landholdings, approximately 120km south east of Perth.

Athena is contained within the Company's joint venture with HD Mining & Investments Pty Ltd, (HDM) the wholly owned subsidiary of Shandong Bureau No.1 Institute for Prospecting of Geology & Minerals (Shandong). The resources, now under the HDM JV currently stand at 74.3Mt. Under the terms of the HDM joint venture farm in HD Mining funds, 100% of all exploration and feasibility studies and can earn up to 60% of bauxite rights upon completion of certain milestones including completion of a BFS leading to a decision to mine.

The Athena bauxite resource:

- Is situated on a small number of private landholdings on exploration licences E70/3180 and E70/3890

- Displays bauxite thickness up to 13m (average 3m)

- Displays very good alumina grades

Peter Canterbury, BRL CEO commented on the resource "This is a fantastic result for BRL and HD Mining, following on from the recently announced Dionysus resource. We are particularly encouraged by the higher grades we are seeing. Athena is located immediately to the east of BHP Billiton's Western Australia's State Agreement which supplies the Worsley Alumina Refinery, so we are exploring in a proven bauxite region."

"The HDM JV is now looking to access additional highly prospective properties surrounding the existing resource and as such we believe there is potential to significantly expand this resource through drilling on these additional properties in the exploration licence area.

Combined with the Ceres Resource we now have the beginning of a significant resource base close to existing bauxite mining activities and also relatively close to existing rail infrastructure."

The Athena resource consists of 3 deposits, located on private landholdings, each approximately 10km apart. The Athena1 deposit is comprised of six mineralised lodes which have been interpreted across a strike length of 4km. The resource comprises a bauxite horizon up to 13m thickness (average 3m) that is typically covered by 0.5 to 1m of loose overburden.

Bauxite Resources is one of the largest tenement holders in the Darling Range with approximately 17,000 km2 of ground. This area in south-west Western Australia is acknowledged as the largest producing alumina region in the world supplying approximately 23% of global production.