Bauxite Resources Limited Quarterly Activities and Cashflow Report
30.10.2012 | ABN Newswire
13:07 AEST Oct 29, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.Melbourne, Australia (ABN Newswire) - Bauxite Resources Ltd (ASX:BAU), and its joint ventures has increased its overall JORC compliant bauxite resource base to 142.3 million tonnes with a new bauxite resource defined at the Bauxite Alumina Joint Ventures (BAJV) Cronus deposit approximately 15km east of Boyup Brook, Western Australia. This is the first bauxite resource defined in the Boyup Brook area by the BAJV. Further drilling in the southern tenements is currently underway, and planning for future exploration work is occurring although no immediate follow up work is planned for the Cronus deposit.
BRL considers the JORC resource increases achieved over the last 12 months to be an excellent result that significantly improves the opportunities for the Company and its joint venture partners to develop bauxite mining operations in the south west of Western Australia (WA). The Company now has a number of potential mining projects in its portfolio and over the coming months will, together with its JV partners, identify those that should be prioritised for development.
View the full Quarterly Activities report here;
http://media.abnnewswire.net/media/en/docs/ASX-BAU-610622.pdf
About Bauxite Resources Limited:
Bauxite Resources Limited (ASX:BAU) was established in May 2006 to become a part of the bauxite and alumina industries in Western Australia where four of the seven Australian alumina refineries and four of Australia’s bauxite mines are located. The Company listed on the Australian Securities Exchange (ASX) in October 2007.
Bauxite Resources is the largest tenement holder in the Darling Range with approximately 24,000 km2 of ground. This area in south-west Western Australia is acknowledged as the largest producing alumina region in the world supplying approximately 23% of global production.
Contact:
Bauxite Resources Limited
T: +61-8-9200-8200
F: +61-8-9200-8299
WWW: www.bauxiteresources.com.au
