Bauxite Resources are pleased to provide the Company's June 2016 Quarterly Report. Highlights: - Proposed 5 cent per share return of capital was approved by shareholders on 10th June 2016 and the payment was completed on 21 June 2016 - Lort River Lithium Project application tenement was secured between Pioneer Resources Ltd. and Metalicity Ltd[...]
Bauxite Resources advises that as part of its revised strategy and review of investment opportunities, it has secured an application exploration licence on ground prospective for Lithium. The tenement, E74/595, was applied for by the wholly owned subsidiary Braeburn Resources Pty Ltd. It is proposed that the tenement will be reviewed in detail and [...]
Bauxite Resources is pleased to announce that the Board has resolved to approve a 5 cent per share capital return, subject to shareholders approval. Following the successful conclusion of the sale of BRL's interest in the BAJV to its Chinese joint venture partner Yankuang, BRL holds surplus cash to its expected future funding requirements, and the [...]
Bauxite Resources announce the March 2016 Quarterly Activities and Cashflow Report with the following highlights. Completion of the sale of BRL's interest in the BAJV occurred on 21 January 2016. Key Changes made as a consequence of this were as follows: BRL received net cash funds of $6m from the sale of its interest in the BAJV for $7.15m and the [...]
Bauxite Resources advises that it has now received from Mercator Metals Pty Ltd a duly executed Deed of Variation & Assumption which was required to complete the assignment of the bauxite rights held for the Fortuna deposit to Yankuang Resources under the Sale & Purchase Agreement dated 30 November 2015. As a consequence, the royalty payable by [...]
Bauxite Resources are pleased to provide the Company's Half Year Accounts consisting of Bauxite Resources and the entities it controlled at the end of, or during, the half-year ended 31 December 2015. During the half year ending 31 December 2015 the Company continued to focus primarily on resolving the issues surrounding the Felicitas Deposit with [...]
Bauxite Resources announce the December 2015 Quarterly Activities and Cashflow Report. Highlights - Cash at bank at 31 December 2015 was A$21.1 million and no debt (Cash balance after completion of Yankuang transaction on 21 January 2016 approx. A$27.1 million) - Quarter exploration activities were minimal within the Bauxite Alumina Joint [...]
Bauxite Resources advises that completion of the sale of BRL's interest in the Bauxite Alumina Joint Ventures, and the Buy-back of all of Yankuang's shares in BRL, occurred this morning following BRL Shareholder approval of the transaction at the EGM held on 18th January 2016. The key changes for BRL, as a consequence of this, are as follows: o [...]
Bauxite Resources has been advised that State-Owned Assets Supervision and Administration Commission of the Peoples Republic of China ("SASAC") approval, which was one of the conditions of the agreements with Yankuang Resources Pty Ltd (Yankuang) and Yankuang Group Company Ltd ('YGL')') for the sale of Bauxite's interest in the Bauxite Alumina [...]
Bauxite Resources advises the final agreements were signed today with Yankuang Resources Pty Ltd and Yankuang Group Company for the sale of Bauxite's interest in the Bauxite Alumina Joint Venture, and the Buy-back of Yankuang's shares. The transaction is conditional on BRL Shareholder approval and State-Owned Assets Supervision and Administration [...]
Bauxite Resources announce the September 2015 Quarterly Activities and Cashflow Reports with significant highlights. - Non-Binding Memorandum of Understanding for Resolution of Dispute and Termination of Joint Ventures with Yankuang. Key terms of the MOU are: o The existing Joint Ventures between the parties terminated; o BRL sell its interests [...]
Bauxite Resources advises that following the signing of the non-binding MOU for the resolution of the dispute and determination of the joint ventures with Yankuang, with the likely consequential change in focus and direction for BRL going forward, the current Chief Executive Officer and Executive Director Peter Canterbury has resigned his position [...]
