03 OCTOBER 2014www.proactiveinvestors.com.au
Queensland Bauxite samples up to 55% total alumina
Edited by : AL CIRCLE
2 min read
Queensland Bauxite (ASX:QBL) will look to deliver a Scoping Study within weeks for the South Johnstone Bauxite Project in Queensland.
The study is proceeding to plan to assess the potential economic viability of the development of a bauxite mining operation.
The company continues to advance exploration with a further drilling program being undertaken, which targets an upgrade in the current Inferred Resource Estimate.
Adding to the potential of the project, assaying of gibbsite samples using the Innovex portable XRF instrument analyser identified levels of total alumina as high as 55% and total silica at less than 5%.
South Johnstone bauxite is consistently bauxitic, which the alumina refineries need. There have been reports Chinese alumina refiners may struggle to find new supplies of gibbsitic bauxite in 2015.
Queensland Bauxite aims to become a low cost bauxite producer in Australia with extensive surface bauxite and close distance to deep-water port at Mourilyan.
The project also has rail running through it.
Dr Robert Coenraads, chief geologist, commented from the field: “The look of the bauxite from the field gives me a lot of confidence in the potential of the resource.
"It is exciting to clearly see nodules of gibbsite imbedded in outcrops across the red soil of the properties.”
The study is proceeding to plan to assess the potential economic viability of the development of a bauxite mining operation.
The company continues to advance exploration with a further drilling program being undertaken, which targets an upgrade in the current Inferred Resource Estimate.
Adding to the potential of the project, assaying of gibbsite samples using the Innovex portable XRF instrument analyser identified levels of total alumina as high as 55% and total silica at less than 5%.
South Johnstone bauxite is consistently bauxitic, which the alumina refineries need. There have been reports Chinese alumina refiners may struggle to find new supplies of gibbsitic bauxite in 2015.
Queensland Bauxite aims to become a low cost bauxite producer in Australia with extensive surface bauxite and close distance to deep-water port at Mourilyan.
The project also has rail running through it.
Dr Robert Coenraads, chief geologist, commented from the field: “The look of the bauxite from the field gives me a lot of confidence in the potential of the resource.
"It is exciting to clearly see nodules of gibbsite imbedded in outcrops across the red soil of the properties.”
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