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AUSTRALIAN BAUXITE LIMITED.

  • Miner Type: Producer
  • Primary Resource: Bauxite
  • Secondary Resource: Bauxite
  • Mine Locations: Australia
  • Market Cap: 10 - 20M
  • Stock Exchange: ASX
  • Stock Code: ABX
Company Website Announcements
Data subject to change and accuracy is not guaranteed

Australian Bauxite commenced production in December 2014 from its site at Bald Hill, Tasmania and has been selling into the cement and fertiliser industries, with its most recent sale amounting to 30,000 tonnes of bauxite and shipment occurring October 2017. This was the first new bauxite project in Australia in more than 35 years.

Australian Bauxite has been granted a global exclusive licence for a bauxite refining technology that produces aluminium fluoride as its main product, used in aluminium production and in lithium ion batteries and a suite of by-products from Tasmanian-type bauxite. This suite of products are worth more than ten times their unrefined value per tonne.

ABx is pleased to announce that it’s wholly-owned subsidiary, ALCORE Limited has secured the minimum funding needed to commence Stage 1 of the ALCORE Project. Site construction works commenced 1 July as planned at ALCORE’s pre-approved Pilot Plant site in Berkeley Vale, Central Coast NSW for the production of AlF3 test samples.

We are pleased to advise that Australian Bauxite and Aziz Group of Bangladesh have successfully negotiated a Letter of Intent covering bauxite sales and future business development. Firstly, ABx have agreed to develop and supply Chemical Grade Bauxite for the manufacture of PAC (Polyaluminium Chloride) to be used in the treatment of industrial waste water. Secondly, Aziz Group will be the ABx agent for marketing ABx Cement Grade Bauxite to Bangladesh. Please refer to announcement of 18 July 2018 for further details.

As of June 2018 we’ve increased our Binjour Bauxite Resource by 51% to 37 million tonnes, thus growing our company resources to 137 million tonnes. ABx considers its Binjour Project located 115km southwest of Bundaberg Port to be a discovery of a major bauxite province which is being assessed to become the company’s flagship project over the next 5 years.

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