Bauxite Resources Limited - Quarterly Activities and Cashflow Report
![Bauxite Resources Limited - Quarterly Activities and Cashflow Report](https://www.minenportal.de/media/goldseiten-news.jpg)
Highlights:
- Two new bauxite deposits identified (both unbeneficiated):
Dionysus: 20.3Mt @ 42.1% Total Al2O3 (32.6 % available @ 148°C), 12% SiO2 (3.4% reactive @148°C)
Athena: 22.7Mt @ 42.3% Total Al2O3 (33.3 % available @ 148°C), 17.3% SiO2 (2.7% reactive @148°C).
- Bauxite resources held by Bauxite Resources Ltd. ("BRL") and its joint venture partners total 379.5Mt. Resources are near surface, situated close to existing road and rail and port infrastructure.
- Initial environmental constraints study at BRL's 100% owned Fortuna resource identified few constraints for mining development. Level 2 baseline studies are planned for spring 2014.
- Preliminary engagement with engineering groups to undertake engineering scoping of Fortuna as part of the Company's assessment of potential DSO shipments.
- Exploration drilling scheduled for June quarter on properties adjacent to the new Athena resource.
- Discussions underway with Yankuang on path forward of Joint Venture agreements.
- Cash at bank A$42.1 million and no debt.
To view the complete quarterly activities and cashflow report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BAU-675713.pdf
About Bauxite Resources Limited:
Bauxite Resources (ASX:BAU) is one of the largest tenement holders in the Darling Range with approximately 17,000 km2 of ground. This area in south-west Western Australia is acknowledged as the largest producing alumina region in the world supplying approximately 23% of global production.
Head Office:
Bauxite Resources Ltd.
Level 2, Building E
Garden Office Park
355 Scarborough Beach Rd
Osborne Park WA 6017
Tel: +61-8-9200-8200
Fax: +61-9-9200-8299
E-mail: admin@bauxiteresources.com.au
www.bauxiteresources.com.au