Bauxite Resources limited publishes September 2014 Quarterly report

Bauxite Resources limited publishes September 2014 Quarterly report. Highlights of the report are given below:

• Upgrade of Athena Resource resulting in 36.2Mt @ 32.8% low temp available alumina (41.8% total) and 2.8% reactive silica under the HD Mining Joint Venture
• Fortuna DSO Scoping Study progressing with preliminary findings due in November 2014
• Felicitas resource upgrade leads to increased grade and movement of approximately 54% of resources into Measured category - Felicitas now stands at 227.9Mt @ 39.7% Total Al2O3 (31.3% available @ 148°C), 8.7% SiO2 (2.0% reactive @148°C) - Measured category 122.7Mt @ 39.9% Total Al2O3 (31.6% available @ 148°C), 7.7% SiO2 (1.7% reactive @148°C)
• Bauxite resources held by Bauxite Resources Limited and its joint venture partner’s total 396.5Mt. Resources are near surface, situated close to existing road and rail and port infrastructure
• Fortuna & Felicitas Level 2 Flora, Vegetation and Fauna Baseline Survey to commence in October 2014
• Capital Return of 4 cents per share approved by shareholders and paid to shareholders on 11 September 2014
• Company executed a conditional agreement to settle a proposed shareholder class action prior to any proceedings being commenced without any admission of liability. Settlement of $5.25 million subject to certain conditions being met by the group members. These settlement conditions have now been met and settlement has now occurred
• Cash at bank A$30.6million and no debt

Bauxite Resources Limited (“BRL” or the “Company”) continues to focus on the evaluation of development options for the Company's 100% owned Fortuna project in Western Australia's Darling Range, in conjunction with the identification and study of quality bauxite projects within our joint ventures to ensuring a pipeline of projects to provide longevity to future operations. The Darling Range remains the largest bauxite and alumina producing region in the world. Currently the Company and its Joint Venture partners hold ~ 6,588km square (3,825m square granted) of exploration tenements. Through a process of low cost targeting and exploration activities the Company and its partners has now identified 396.5 million tonnes(Mt) of refinery grade bauxite.