05 DECEMBER 2014www.proactiveinvestors.com.au
Queensland Bauxite edges closer to Indicated Resource
Edited by : AL CIRCLE
1 min read
Queensland Bauxite has received the final results from drilling at its South Johnstone Bauxite Project in Queensland and has incorporated the results into an upgrade of its Resources to an Indicated level.
This will allow the company to meet all the requirements of JORC 2012, which underpins the Scoping Study.
QBL said the reports are now being reviewed by an independent mineral consultancy group used to provide specialist advice for developing and finalising the Resource.
The company also added that once the review and sign off has concluded the announcement for the Resource Upgrade can be sent again to the ASX.
This will allow the company to meet all the requirements of JORC 2012, which underpins the Scoping Study.
QBL said the reports are now being reviewed by an independent mineral consultancy group used to provide specialist advice for developing and finalising the Resource.
The company also added that once the review and sign off has concluded the announcement for the Resource Upgrade can be sent again to the ASX.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
First Bauxite releases detailed analysis on multiple projects
Next articleWork set to begin on bauxite mine near Campbell Town in northern Tasmania
Grow with
AL Circle
