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Corporate Spotlight

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.
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Australian Bauxite - Ian Levy, Managing Director

SALE CONFIRMED

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Next 30,000 tonne bauxite sale confirmed. Shipment in March 2019 

ASX Announcement 17 December 2018


Australian Bauxite Limited (ASX: ABX) (ABx) is pleased to advise that it has been the successful tenderer for its next sale of seaborne cement-grade bauxite as follows: 

  • Tonnage
  • Product
  • Source of Bauxite
  • Dispatch Port
  • Loading date
  • Basis of tonnes
30,000 tonnes +/- 10% (i.e. 33,000 tonnes maximum)
Cement-grade bauxite, blended to the customer’s specification
Bald Hill Bauxite Project, Campbell Town, Northern Tasmania
Bell Bay Port of Launceston, Tasmania (see Figure 1)
Around 1 March 2019
As measured by independent ship’s survey


ABx has been working with the customer over the past 3 months to achieve the optimum product specifications, which is part of the service that ABx provides for customers with specific requirements.


Mine, Transport & Handling Contracts 

ABx has started contract negotiations for the mining, processing and blending at the minesite. It also has to arrange contracts for transport to the port and handling of the bauxite at the port.


ABx has long-standing relationships with experienced contractors that are well known for meeting the strict tonnage-specification targets and complying with community and landholder requirements.


Port Contracts 

ABx has contracted with QUBE Logistics at Bell Bay for the stevedoring services and stockpiling arrangements, in conjunction with TasPorts. Monson Shipping have provided Shipping Agents services and Briar Maritime have provided independent ship surveys to date.


ABx’s Chief Operating Officer, Leon Hawker commented; “We have a lot of work ahead to achieve on-time, on-specification delivery of bauxite produced and blended to our customer’s requirements. We can ship efficiently from Bell Bay Port – an all-weather, 24/7 export port that can operate to high standards and good loading rates all year round. This is a core strength of our bauxite business.”


ABx’s Marketing Manager, Paul Glover commented; “Our bauxite is blended specifically to suit our cement-grade bauxite customer, which is what we do for each sale. It is very clean bauxite due to efficient processing at the mine and careful transport pit-to-port.”


“This negotiation was longer than usual because we are trying to introduce new products to customers. We provided samples from a suite of possible products, all prepared at our laboratory, supervised by Operations Manager, Nathan Towns who is expert in sampling of bauxite to ISO Standards.”


Fertiliser Sales Increasing 

ABx is also pleased to advise that sales of fertiliser-grade bauxite are growing as the customer achieves good results by using ABx fertiliser-grade bauxite in its manufacturing of superphosphate fertiliser products. Bauxite granules reduce dust losses and improve the spreading performance of the fertiliser. Sales of fertiliser-grade bauxite are scheduled to recommence during the last week of January 2019


Locations 


Click here to view the full announcement

MILESTONE ACHIEVED

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2nd Milestone Achieved. ALCORE Lab Completed to Lock-Up Stage.

ASX Announcement 3 December 2018 


Australian Bauxite Limited (ABx)’s wholly-owned subsidiary, ALCORE Limited has acquired the equipment needed to produce test samples of key products and constructed the Stage 1 Core Laboratory to lock-up stage, thus staying ahead of schedule and within budget.


An Open Day for seed investors was held last Wednesday 28 November. A video of construction made by members of the ALCORE team showing development of of the Lab can be seen at Australianbauxite.com.au/Interviews&News.htm and photos below show some images from the Open Day.


  • ALCORE’s patent (pending) application technology is designed to refine raw bauxite to produce Aluminium Fluoride (AlF3) and other valuable co-products including the Corethane gas-substitute – see Figures 1 & 2. AlF3 is a key electrolyte ingredient in aluminium production by aluminium smelters. 
  • Global demand for AlF3 and associated co-products continues to increase as aluminium smelter production increases and the use of AlF3 in lithium ion batteries increases. 
  • Site construction and design for Stage 1 of the ALCORE project commenced on 1 July as planned at ALCORE’s pre-approved Pilot Plant site in Berkeley Vale, Central Coast NSW. 
  • Stage 1 is designed to produce AlF3 test samples for pre-qualified aluminium smelter customers & then produce Corethane, which is pure hydrocarbon powder refined from low-value coals. 
  • Corethane has been used to provide thermal and electrical power. It has been used as a gas-substitute to fuel a large gas turbine for 14 months and achieve accreditation as a turbine fuel to generate electricity, with very low CO2 emissions similar to natural gas. 
  • Corethane has also been used as a diesel substitute for fuel security purposes and is ideally suited for use as a sulphur-free bunker fuel. 
  • Corethane also has industrial applications and several potential customers have already requested test samples for their industrial plants. 
  • Graphite refining to a very high purity for use in high-efficiency batteries will also be tested. 
  • Discussions continue with governments, agencies and major companies in the aluminium industry.


ABx CEO, Ian Levy commented: “ABxs subsidiary ALCORE is sufficiently funded to deliver Stage 1 of the ALCORE project, thanks to strong support from seed capital investors. ALCORE’s powerful new bauxite refining technology can lead to Australia’s first production of AlF3 products to provide security of supply for Australasian aluminium smelters. ALCORE’s production of Corethane hydrocarbon can change the energy supply and fuel security outlook for eastern Australia” 


ALCORE Limited is expected to unlock considerable value for shareholders in the short and medium term.”


Achieving another milestone ahead of schedule has taken an extreme effort by many ALCORE staff, which has given us the confidence to overcome any unexpected obstacles that may arise.” 


“ABx is also pressing ahead with its three core bauxite projects; the Tasmanian mine, the large Binjour Project in central QLD and the Penrose refractory bauxite project 90km inland of Port Kembla NSW. Planning is underway for trial mining and processing testwork at the Binjour Project.” 



Click here to view the full announcement

PRESENTATION

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OPERATIONS

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Operations

ABx is in production, with the first mine in Tasmania commencing in December 2014 (Bald Hill), located close to Campbell Town and from where we are sourcing our local workforce. Another two mines (Fingal Rail & DL130) are planned for Tasmania, with the Fingal Rail mining lease already defined.

ABx's first Mining Lease was granted at Bald Hill Tasmania and announced to the ASX 22 September 2014. As mentioned in the ASX announcement, "this is the first new bauxite mine in Australia for over 35 years and will introduce a new bauxite supply into the seaborne bauxite market".

Bald Hill is located approximately 100km by Road or Rail to the Bell Bay export port, which has both stockpile and port capacity.  The bauxite is Direct Shipping Ore.

Fingal Rail, the second planned ABx Tasmanian mine, is similar to Bald Hill in that it has Direct Shipping Ore, major road and rail capacity, along with stockpile and port capacity. It is also close to Campbell Town (11km North). The Mining Lease for Fingal Rail has already been outlined.

DL-130, the third planned ABx mine located in Tasmania, was discovered by ABx in 2011. It has high grades of bauxite and is where ABx has discovered Tasmania's thickest bauxite - 14m thick. It is within 75km of the Bell Bay Export Port.

Each of the mines is easily accessible via heavy duty highways and rail leading to the Bell Bay deepwater port, with a Memorandum of Understanding (MoU) signed with Tasmanian Ports Corporation Pty Ltd for access to Bell Bay Port in northern Tasmania for the export of bauxite (ASX announcement dated 5 March 2013 and titled "Progress towards Production from Tasmania in 2014: MoU Signed for Bell Bay Port & Drilling Scottsdale Targets Commenced" ) and TasRail being awarded the contract for haulage to port (refer to ASX announcement dated 30 October 2014 and titled "Bald Hill Project Update: Public Support & Contractors Selected").

There are also further development projects planned in other eastern states - Binjour in Queensland, along with Goulburn South and Goulburn North in New South Wales.

WWW.AUSTRALIANBAUXITE.COM.AU

VIDEOS

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