Australian Bauxite's Board approves mining lease application, project strategy for Binjour Bauxite Project

  • Dec 16, 2019 AEDT
  • Team Kalkine

High-quality bauxite producer Australian Bauxite Limited (ASX: ABX) notified that its Board of Directors approved the lodgement of a mining lease application and related project strategy for ABX’s flagship Binjour Bauxite Project.

  • Directors and a Director of Rawmin Mining of India (ABX’s marketing partner funding the Binjour project) reviewed project plans, financial assessments, bauxite market developments and risk-factors over 3 days.
  • A Mining Lease Application will be lodged in early 2020; and,
  • ABx and Rawmin intend to sell 0.5 to 1.5 million tonnes a year of trihydrate bauxite grading 44 per cent to 45 per cent .

 

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