Australian Bauxite Ltd likely to go ahead with Binjour bauxite mine after positive bulk sampling

Australian Bauxite Limited's bulk-sampling programs at Binjour QLD in 2019 have defined the optimum Mining Lease Application and clarified the mining-processing strategy for the Binjour bauxite project.  The results confirmed that the mining project can operate at a bulk-scale and is capable of achieving the required bauxite specifications. ABL considers its Binjour bauxite project to be the best source of gibbsite-trihydrate (THA) metallurgical grade bauxite in Queensland, which is ideal for low temperature alumina refineries.

The ABx Board of Directors will review the project summary and financial assessment in mid-December.  The progress of the Binjour project remains on schedule after the sampling results.  If ABx resolves to proceed, a Mining Lease Application will be lodged in early 2020.

The Binjour project is funded by Rawmin Mining of India, ABx's marketing partner. Rawmin will also supply Indian bauxite to the same customer that ABx will supply from Binjour in order to maintain seasonal continuity. 

Binjour bauxite resources total at 37 million tonnes. The partners intend to sell 0.5 to 1.5 million tonnes of THA bauxite grading 44% to 45% Al2O3 and 5% SiO2 per year. A sales MoU has already been signed between ABx, Rawmin and Chinese aluminium producer Tianshan which is building an alumina refinery in Southern China which is likely to start operations by the end of 2020.

ABx has also executed a logistic MoU with the Port of Bundaberg to investigate the opportunity to export bauxite in bulk tonnages.

Bulk sampling and screening has resolved mining issues, geological dilution risks, processing, environmental and ore performance characteristics and cleared the way for Mining Lease Application.

ABx has been working at length with landholders, governments, port authorities, mining contractors, processing companies, logistics companies, marketing specialists and bauxite customers to develop a viable strategy for the Binjour Bauxite Project.

Delivery of bauxite to the customer overseas is the largest cost and largest challenge for the Binjour project and it is likely to require high-efficiency trucking over a road distance of 200kms to the Bundaberg Port for shipping.

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