- Published: Sunday, 21 March 2010 19:49
- Written by ASIA Miner News
Australian Bauxite Limited has applied for eight new bauxite exploration tenements in Tasmania covering a total area of 1508sqkm and containing good quality bauxite in favourable settings for potential development.
The tenements in the north and north-east of Tasmania have potential to add significant resources to the company’s existing tenements in eastern Australia.
Sampling by the company has returned some of the best quality results of any bauxite areas sampled to date in the extensive Eastern Australia Bauxite Province.
The eight new applications meet the company’s rigorous corporate selection criteria – good quality bauxite; near infrastructure including rail, ports, power, water and industrial centres; and, free of socio- environmental and native title land constraints.
The company’s CEO Ian Levy says Tasmania’s proud mining heritage rivals NSW and Queensland, and Tasmania has the advantage of very short haul distances by rail to export ports that have capacity for increase export volumes.
He says, “These unexpectedly high quality bauxite discoveries are especially exciting because they are all in cleared land and near to rail transport networks leading directly to major ports in a state with a well- developed mining sector. There are also coal mines and an aluminium smelter nearby which could assist in making the processing of bauxite in Tasmania attractive.
“Because of this major expansion in our tenement areas, we intend to step-up our exploration efforts to accelerate the rate of expansion in our JORC-compliant resources and to establish project prioritization.
“These new discoveries of bauxite demonstrate that the disciplined work by our exploration team led by Jacob Rebek since 2008, and Tamara Coyte in Tasmania, has given us control of the core of the Eastern Australian Bauxite Province which we believe contains better bauxite than most bauxites worldwide.”