Latest News

Progress Report on South Johnstone Project – 10 September 2014

The Scoping Study is proceeding to assess the potential economic viability of the development of a bauxite mining operation at South Johnstone.

This study is being undertaken by an independent consultant and will produce capital and operating cost estimates for the major facets of the South Johnstone project.

Site visits have taken place which included discussions with relevant landowners, ports, councils and other authorities and to date they have all been favourable towards the development of the project.

The Scoping Study is anticipated to be completed in September/October 2014.

Drilling has recommenced at South Johnstone and seeks to upgrade the Inferred Resource inventory.  Results will be released when at hand.

The completion of the Scoping Study will further strengthen the Company’s position in the discussions with potential off-take partners.

View Report

News Archive

27 Aug 2014

Update on South Johnstone Bauxite Project – 18 August 2014

Work is continuing at the South Johnstone Project in north Queensland.

A number of activities are being progressed that aim to deliver positive outcomes at the Project.

The Scoping Study is expected to be completed within the next six to eight weeks.

View Report

1 Aug 2014

Quarter Activities – June 2014

Queensland Bauxite has been focused on defining significant bauxite resources to enable a feasibility study to be undertaken to develop a bauxite mining and export operation.

With the recent confirmed bauxite discovery at South Johnstone, the Company is evaluating the economics of developing a DSO bauxite export operation.

The Company is engaging independent consultants to prepare a scoping study to provide baseline data on development options.

The Company is currently looking at the potential economics of mining and shipping through Mourilyan Port.

View report

27 Jul 2014

CRU Group Bauxite Insight

CRU Group’s Insight article points to the major opportunities for bauxite producers in light of Indonesia’s ban on export of unprocessed minerals. The main points are as follows:

1.  The ban is not temporary and import-based refineries in China are becoming increasingly concerned about future bauxite supplies.

2. Major opportunities exist for bauxite projects, particularly in Australia.

3. CRU predicts strong bauxite price growth and additional value generation in both bauxite and alumina moving forwards.

4. The probability of Indonesia deregulating bauxite exports is small for a number of reasons as outlined in CRU’s analysis paper.

Queensland Bauxite is excited to be at the right place at the right time.

25 Jun 2014

Mining company strikes export deal for iron ore out of Port of Mourilyan

Read more.

18 Jun 2014

Addendum to South Johnstone Bauxite announcement released on Thursday 12th June 2014

Queensland Bauxite has estimated a JORC Inferred Resource of 30 million tonnes of bauxite, based on its initial 60 hole drilling program at South Johnstone (Figure 1), within a larger exploration target discussed below.

The average grade of the bauxite at low temperature leaching is 25.2% available alumina (range from 20% cutoff to 31.7%) and 6.9% reactive silica (range from 1.9% to 10% cutoff).

The available alumina is expected to rise through beneficiation and high temperature testing. These alumina results are anticipated to be comparable to bauxite grades in the Darling Ranges. (See JORC Table 1)

Read more.

Investors

ASX: QBL A$0.022

Corporate Address

  • Queensland Bauxite Limited
  • 67 Penkivil Street
  • Bondi NSW 2026
  • Ph. 02 9291 9000
  • Fax 02 9291 9099
  • Email : info@queenslandbauxite.com.au
  • Mailing Address
  • PO Box 114
  • Bondi NSW 2026