
African-focussed, Perth-based listed explorer, Lindian Resources, is looking at its newly acquired Gaoual bauxite project in the north-western corner of Guinea in West Africa, of which it owns 51%.
Recent due diligence and field examinations show that bauxite deposit contains the high value, very rare alumina grades. Gaoual’s “alumina” grades are well above conventional bauxite values and at 53.57%, pretty much shoot the lights out. While the conventional “in-situ” style bauxite deposit grades have 44% to 48% alumina, surface samples from Gaoual contain 53.57% alumina.
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The sample contains “reactive” silica content averaging below 2% and minor amounts of boehemite. The deposit also has a vertical width of 37 metres thickness, where typical in-situ bauxite ore systems rarely exceed 15 metres. This indicates a good range of deposits in the site and deposit testing is likely to start soon.
Management said Gaoual is one of two known significant bauxite occurrences in Guinea, with the other being the Sangaredi deposit, run by Compagnie des Bauxites de Guinée, or “CBG.
The bauxite mined here is carried about 100km to the port city of Kamsar for export. As the bauxite infrastructure is already operating in the area, Lindian can get into a deal with CBG for bauxite transport.
The Gaoual project was originally held by CBG and private Canadian company, Navasota Resources, but they focused on the south mines. Lindian was a vendor at the project and its Non-Executive Chairman, Mr Asimwe Kabunga, picked up the project in mid-2018.
The company appointed Shannon Green as its Managing Director in June. Lindian will acquire its initial 51% interest in the Gaoual project by investing USD$1m over two years into the ground. It also has the right to move to a 75% holding via a longer-term deal after certain project milestones have been achieved.
Currently, Lindian is focussed on the fully-funded drilling program at Gaoual, expected to kick off in December.
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