Australian Bauxite Limited (ASX: ABX)

Australian Bauxite Limited (ASX: ABX) has its first bauxite mine in Tasmania & controls the Eastern Australian Bauxite Province. ABx’s 11 bauxite tenements in Queensland, New South Wales & Tasmania totalling 662km2are all 100% owned, unencumbered & free of third-party royalties.

 ABx’s bauxite is gibbsite trihydrate (THA) bauxite that can be processed into alumina at low temperature.

Australian Bauxite Limited has committed a large proportion of its expenditure into Research and Development to find ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and partitioned into layers, nodules, particles and grains of different qualities that can be separated into different product streams using physical, chemical and geophysical methods.

ABx has declared large Mineral Resources in northern NSW, southern NSW, Binjour in central QLD & in northern Tasmania. ABx’s first mine commenced at Bald Hill near Campbell Town, Tasmania in December 2014 –the first new Australian bauxite mine for more than 35 years.

ABx aspires to identify large bauxite resources in the Eastern Australian Bauxite Province and has created significant bauxite development projects in 3 states, Queensland, New South Wales and Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers

Australian Bauxite Limited (ABx)’s 89%-owned technology subsidiary ALCORE Limited was created to fund and manage the AlF3Project, involving the construction of a production plant to produce aluminium fluoride (AlF3) and valuable co-products using new Australian technology. Alcore intends to convert aluminium smelter waste (and low grade bauxite) worth less than $50 per tonne into a suite of valuable products worth more than $800 per tonne.

Alcore’s test work commenced on 1 July 2019at its high-technology Research Centre in Berkeley Vale, Central Coast NSW and is currently focussed on producingAlF3test samples for pre-qualified aluminium smelter customers. Its processes can also produce Corethane, which is pure hydrocarbon powder to provide thermal and electrical power with low CO2emissions when used as a gas-substitute or as a diesel substitute for fuel security purposes and is ideally suited for use as a sulphur-free bunker fuel.

Corethane is also useable as a chemical reductant instead of imported coke and coals.AlF3 is an essential ingredient in aluminium smelters and is currently 100% imported. Alcore will be the first Australian producer of this strategically important mineral product and will provide security of supply to the large aluminium smelting industry in Australia. Alcore will produce AlF3from smelter waste materials and thereby maximise the recycling by Australian aluminium smelters.

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