20 JUNE 2014Bauxite Resources Press Realese
Bauxite Resources Limited Fortuna Resource upgrade delivers higher grades
Edited by : AL CIRCLE
2 min read
Bauxite Resources Limited announces a resource update for the Fortuna bauxite deposit in the Darling Range, Western Australia. BRL retains 100% beneficial interest to the bauxite.
The resource is located on two private landholdings (farms) located ~60km north east of Perth, and 10km from the township of Wundowie (See Figure 1 in link below). Existing rail infrastructure is situated ~15km to the north providing a link to the Kwinana port around 120km away.
The previous resource estimate announced in September 2013 stood at 39.5Mt at 28.8% available alumina. The current update has resulted from the analysis of 3,395 samples, which were originally assayed using Fourier Transform Infra Red (FTIR), by the preferred low temperature BOMB digest analysis in order to improve the quality of the data used in the estimate.
The previous estimate based principally on FTIR was found to be under calling available alumina at the higher end of the grade range. The resource wireframes have been re-interpreted based on the new grades.
Commenting on the resource upgrade, BRL CEO Peter Canterbury said, "The upgrade of the Fortuna resource is a material improvement in the low temperature digestion available alumina content of the Fortuna deposit and allows the Company to target this product as a genuine DSO without the need for any beneficiation, unlike several of our Australian competitors.
"We have a deposit which is easy to mine, requiring no beneficiation, located close to existing rail and port infrastructure. This offers a low CAPEX start-up opportunity. The Company is now engaging engineering consultants to scope out the project from mine to port. The deposit is differentiated from its peers by its location, its predominantly gibbsitic bauxite form and its low reactive silica qualities which are the key reasons why Darling Range alumina refineries are among the most cost competitive in the world.
"The resource upgrade combined with a strengthening outlook for both the short and long term bauxite market improves the project economics," he added.
The resource is located on two private landholdings (farms) located ~60km north east of Perth, and 10km from the township of Wundowie (See Figure 1 in link below). Existing rail infrastructure is situated ~15km to the north providing a link to the Kwinana port around 120km away.
The previous resource estimate announced in September 2013 stood at 39.5Mt at 28.8% available alumina. The current update has resulted from the analysis of 3,395 samples, which were originally assayed using Fourier Transform Infra Red (FTIR), by the preferred low temperature BOMB digest analysis in order to improve the quality of the data used in the estimate.
The previous estimate based principally on FTIR was found to be under calling available alumina at the higher end of the grade range. The resource wireframes have been re-interpreted based on the new grades.
Commenting on the resource upgrade, BRL CEO Peter Canterbury said, "The upgrade of the Fortuna resource is a material improvement in the low temperature digestion available alumina content of the Fortuna deposit and allows the Company to target this product as a genuine DSO without the need for any beneficiation, unlike several of our Australian competitors.
"We have a deposit which is easy to mine, requiring no beneficiation, located close to existing rail and port infrastructure. This offers a low CAPEX start-up opportunity. The Company is now engaging engineering consultants to scope out the project from mine to port. The deposit is differentiated from its peers by its location, its predominantly gibbsitic bauxite form and its low reactive silica qualities which are the key reasons why Darling Range alumina refineries are among the most cost competitive in the world.
"The resource upgrade combined with a strengthening outlook for both the short and long term bauxite market improves the project economics," he added.
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