02 MAY 2013Yahoo Finance
Bauxite Resources Limited announces upgrade of Darling Range bauxite resource
Edited by : AL CIRCLE
2 min read
Bauxite Resources Limited is pleased to announce a resource upgrade for the Felicitas bauxite deposit in the Darling Range Western Australia. The resource is situated on a small number of large private landholdings located approximately 60km north east of Perth, and 10km from the town of Wundowie. The resource is less than 5 km from existing rail infrastructure providing a direct link to Fremantle/Kwinana Port being approximately 120 km away.
The Felicitas resource is contained within the Company's Bauxite Alumina Joint Ventures joint venture with Yankuang Resources Ltd. BAJV is managing the project.
The BAJV has now identified in excess of 90 million tonnes of refinery grade bauxite at Felicitas, a critical hurdle for the joint venture to develop an alumina refinery. Under the joint venture agreement, BAJV is obligated to complete a bankable feasibility study into the viability of building a refinery in Western Australia capable of producing 1.1 million tonnes per annum of alumina. The costs of the bankable feasibility will be borne 90% by Yankuang and 10% BRL.
The Felicitas deposit extends across 3,300Ha (33km2) of large private landholdings, 10km north of Wundowie and 60km north northeast of Perth. The deposit is situated on a small number of large private landholdings readily accessible by sealed road that have been cleared for farming and grazing. These are located approximately 5km from existing rail infrastructure and approximately 120km by rail to Kwinana port. The area is bounded to the west by state forest, to the north and east by existing quarry operations, and to the south by farmland.
The Felicitas resource is contained within the Company's Bauxite Alumina Joint Ventures joint venture with Yankuang Resources Ltd. BAJV is managing the project.
The BAJV has now identified in excess of 90 million tonnes of refinery grade bauxite at Felicitas, a critical hurdle for the joint venture to develop an alumina refinery. Under the joint venture agreement, BAJV is obligated to complete a bankable feasibility study into the viability of building a refinery in Western Australia capable of producing 1.1 million tonnes per annum of alumina. The costs of the bankable feasibility will be borne 90% by Yankuang and 10% BRL.
The Felicitas deposit extends across 3,300Ha (33km2) of large private landholdings, 10km north of Wundowie and 60km north northeast of Perth. The deposit is situated on a small number of large private landholdings readily accessible by sealed road that have been cleared for farming and grazing. These are located approximately 5km from existing rail infrastructure and approximately 120km by rail to Kwinana port. The area is bounded to the west by state forest, to the north and east by existing quarry operations, and to the south by farmland.
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