Australian Bauxite claims bauxite discovery at Brovinia

THE DRILL SERGEANT: Australian Bauxite (ASX: ABX) has claimed a new bauxite discovery after receiving high-grade assays from surface samples taken from a wide area at Brovinia in central Queensland.

ABX described the Brovinia bauxite as a new discovery in an area the company considers to be suitable for mine development once all socio-environmental assessments are completed.

Brovinia is located 88kms south of ABX’s Binjour bauxite project area in central Queensland, which hosts the highest quality bauxite in its portfolio of bauxite resources across all of its eastern Australian tenements that currently total 119 million tonnes.

ABX said the discovery of a large new plateau capped with bauxite confirms the company’s assessment of the Binjour project to be the core of a new bauxite province with potential to become a flagship project for ABX over the next few years.

The company has drilling planned for the Binjour region for October-November 2015, which it indicated will also include some reconnaissance drilling across the bauxite discoveries in the Brovinia area.

“The Brovinia discovery is another demonstration of ABX’s proprietary exploration technology,” Australian Bauxite CEO Ian Levy said in the company’s announcement to the Australian Securities Exchange.

“These ground-truthing sample results suggest the bauxite is similar in quality to Binjour bauxite.

“If Brovinia bauxite is as thick as the bauxite at Binjour, we may establish sufficient resources in the Binjour-Brovinia area for an early project development, starting with feasibility studies in 2016.

“ABX considers the Binjour-Brovinia bauxite project to be the highest grade new trihydrate gibbsite bauxite project in the Pacific Basin.”

Email: corporate@australianbauxite.com.au

Website: www.australianbauxite.com.au