proactiveinvestors
Cape Alumina achieves 28Mt maiden JORC Inferred Resource for Bauxite Hills
Edited by : AL CIRCLE
1 min read
Cape Alumina’s (ASX: CBX) exploration results have unveiled a maiden JORC Inferred Resource of 28.3 Million tonnes of in-situ, high-quality, export-grade bauxite at its Bauxite Hills’ BH1 area.
This represents a major milestone for the Bauxite Hills mine and port project as Cape Alumina continues to develop its second major project in the western Cape York bauxite province, Queensland.
The project’s resource base is expected to increase significantly based on further assay results from the extension drilling undertaken at BH1 and the exploration of BH2 and BH6 deposits due to be released in early 2012.
The bauxite in the project area is proving to be high-quality and export-grade and is in line with the company's expectations. The project is strategically located close to the Asian markets.
Cape Alumina belives the area is set to become the world’s largest source of export bauxite, which is estimated to contain over 3 billion tonnes.
Demand for bauxite is expected to increase over the coming years, especially for the Bauxite Hills products as the bauxite at BH1 appears to include bauxite zones suitable for both high and low temperature refineries, but more analysis will be required to determine the split between the products.
This represents a major milestone for the Bauxite Hills mine and port project as Cape Alumina continues to develop its second major project in the western Cape York bauxite province, Queensland.
The project’s resource base is expected to increase significantly based on further assay results from the extension drilling undertaken at BH1 and the exploration of BH2 and BH6 deposits due to be released in early 2012.
The bauxite in the project area is proving to be high-quality and export-grade and is in line with the company's expectations. The project is strategically located close to the Asian markets.
Cape Alumina belives the area is set to become the world’s largest source of export bauxite, which is estimated to contain over 3 billion tonnes.
Demand for bauxite is expected to increase over the coming years, especially for the Bauxite Hills products as the bauxite at BH1 appears to include bauxite zones suitable for both high and low temperature refineries, but more analysis will be required to determine the split between the products.
Previous article
Update - Bauxite mining proposal in AP shelved, says Minister
Next articleNALCO battling crisis on Bauxite,refinery fronts
Grow with
AL Circle
