Australian Bauxite drills further wide intercepts

THE DRILL SERGEANT: Bauxite exploration and development company Australian Bauxite (ABx) has completed four new vertical drill holes at Mt Rae, part of the company’s Taralga discovery located within the Goulburn bauxite project in New South Wales.

Source: Company announcement

The holes were drilled around the location of a previous drill hole carried out in December last year, which hit the company’s then record thickest high-grade bauxite intersection of 28 metres.

At the time ABx claimed the discovery to be possibly one of the thickest bauxite intersections in Australia.

The company has announced a thicker bauxite intercept from the latest drilling of 33 metres true thickness of bauxite from surface to 33m depth.

Another of the four holes intersected 24m with the remaining two holes intersecting 32 true thickness of bauxite.

ABx and Marubeni Corporation are currently conducting a $1.5 million pre-feasibility study of the Goulburn bauxite project.

“This zone of thick bauxite increases the resource potential of the Taralga bauxite areas,” Australian Bauxite said in its ASX announcement.

“The district’s deposits contain thick zones of premium grade bauxite, with good potential for more discoveries.

“Areas of thick, good quality bauxite continue to be discovered across the Taralga – Mt Rae Areas.

“It is intended to upgrade the resource estimate for Taralga before the end of the current Pre-Feasibility Study, which is scheduled to conclude at the end of March.”

The current bauxite resources at Taralga total 25 million tonnes.