Australian Bauxite is pleased to provide the attached material being presented at the RIU Sydney Resources Round Up being held at the Sofitel Sydney Wentworth Hotel on 10 & 11 May, 2017. Mr Ian Levy, CEO is making the presentation at 4:10 pm on 11 May, 2017. Shareholders and the public are welcome to attend our exhibition and presentation. ABx Bauxite Production Started in Tasmania - First mine started in Tasmania o [...]
Australian Bauxite is pleased to provide the Company's March 2017 Quarterly Activities Report. Corporate - Current group available cash is $1.40 million. ABx has lines of credit for working capital as and when required. - ABx has 121,300 tonnes of bauxite stocks ready for sale and has received 6 expressions of interest in long-term offtake sales arrangements to sell bauxite into 4 countries - see page 3 (in the link [...]
Australian Bauxite is pleased to provide the Company's Annual Report to shareholders for the year ended 31 December, 2016. CHAIRMAN'S REVIEW 2016 Over the past 12 months ABx has extended its capacity to supply cement-grade bauxite into Australasian and international markets whilst remaining ready to sell metallurgical grade bauxite when the seaborne bauxite market returns to balance and prices improve. ABx's portfolio [...]
Australian Bauxite is pleased to provide an exploration update. High quality refractory-grade bauxite discovered inland of Port Kembla ABx has discovered a layer of refractory-grade bauxite in Penrose state pine forest, adjacent to the Hume Highway, 90 kilometres from Port Kembla. Refractory-grade bauxite is used for heat containment and abrasives and can sell for up to 5 times the current price of metallurgical grade [...]
Australian Bauxite is pleased to provide the Company's Quarterly Activities Report for three months ended 31 December, 2016. PRINCIPAL POINTS Corporate The available cash for the current group is $1.75 million. ABx has lines of credit for working capital as and when required. No capital raisings are planned in the foreseeable future. ABx has 122,500 tonnes of stocks ready for sale (see page 3 in the link below [...]
Australian Bauxite currently sells bauxite into cement and fertiliser markets at prices higher than could be achieved in the over-supplied metallurgical bauxite market. There have been developments in the metallurgical bauxite market in the last few days which indicate that the metallurgical bauxite market could worsen further due to a glut of new supply during 2017 (see below). ABx diversification avoids the [...]
Australian Bauxite Announce the Quarterly Report September 2016 with the following significant highlights. Corporate - Current group available cash is in the order of $2.4 million. ABx also has lines of credit available for working capital as bauxite shipments increase strongly in 2017. No capital raisings are planned in the foreseeable future. Operations: Sales & new opportunities continue to grow - Sales of cement [...]
Sydney, Australia (ABN Newswire) - In accordance with the requirements of Listing Rule 3.1 Australian Bauxite Ltd. (ASX:ABX) submit the attached material being presented at the RIU Resources Investor Roadshow in Sydney and Melbourne. Mr Ian Levy, CEO is making the presentation. The public are welcome to attend the presentations. Sydney - Tuesday 27 September Intercontinental Hotel Sydney The presentation will commence [...]
Sydney, Australia (ABN Newswire) - Australian Bauxite Ltd. (ASX:ABX) (ABx) is selling bauxite into fertiliser and cement markets at prices higher than the currently over-supplied metallurgical bauxite market. ABx's sales of Cement-Grade bauxite in 2016 to date total 42,005 tonnes. Fertiliser-grade bauxite sales are naturally seasonal and weather-sensitive but ABx has secured a sale of some 3,585 tonnes to date, with a [...]
Australian Bauxite are pleased to provide the Company's Half Yearly Report and Accounts for the half-year ended 30 June 2016. REVIEW OF OPERATIONS Corporate - In May 2016, at ABx's AGM, all resolutions put to the meeting were passed on a show of hands. Approval given by shareholders to issue 662,423 shares to the Non-Executive directors in lieu of cash consideration for their services - Group cash balance was $2.9 [...]
Australian Bauxite Fingal Rail Bauxite Project in northern Tasmania has proven to be ideal for production of cement-grade bauxite for rail transport and export from Bell Bay Port. Cement-grade bauxite resources for the Fingal Rail Bauxite Project total 6.3 million tonnes 1 which is a 5-fold increase compared with its maiden resource estimate of 1.18 million tonnes. Fingal Rail is considered the most likely second mine [...]
Australian Bauxite second shipment, comprising 35,913 tonnes of cement-grade bauxite has been loaded and the ship has departed Bell Bay Port in northern Tasmania, thus concluding the second and largest sale of bauxite from ABx's Bald Hill mine - the first new bauxite project in Australia for more than 35 years which has reopened ahead of schedule on 3rd August to commence assembling the 3rd cargo for sale in Spring. The [...]
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