Latest News

New Update Regarding Release of Resource Upgrade

In response to shareholder enquiries, the directors of Queensland Bauxite Limited (ASX:QBL)
would like to inform shareholders that more results from our recent expanded drilling programme
in one of the higher grade areas of the South Johnstone Bauxite Project have been received that
warrant inclusion in the current resource upgrade estimate.

These results received back from the laboratory are material in enhancing the resource
confidence level, and the last of these samples which tested positively using the Innovex and
which should add materially to the Indicated Resource, are still in the laboratory for final testing
and assaying.

These results will complete the resource modelling for the Resource Upgrade Report. More
importantly, these latest results confirm the geological model and underpin the positive
progression of the South Johnstone Bauxite project.

We thank shareholders for their patience and we share their frustration during this trying period
and the directors as significant shareholders also look forward to providing this important release
as soon as possible. The Company remains committed to the fast track development of this
project.

Sholom D Feldman
Executive Director / Company Secretary

News Archive

12 Nov 2014

Update re Release of Resource Upgrade

The directors of QBL wish to inform shareholders and the market, that the
process of preparing the report relating to the upgrading of the resource
underpinning the scoping study is still ongoing.

Further positive results from the project have been received over the past week
and are being incorporated within the model and being prepared in accordance
with the requirements and expectations of the JORC 2012 and the ASX Listing
Rules.

Once the release is finalised and approved for release, the Company will
resume trading. This process may yet take another few days.

The directors look forward to providing this important release as soon as
possible.

Sholom D Feldman
Executive Director / Company Secretary

30 Oct 2014

Scoping Study South Johnstone Bauxite Project Released

The Scoping Study for South Johnstone Bauxite Project has been released and the results confirm the significant potential and benefits from development of the project.

The Study assesses the potential economic viability of the development of a bauxite mining operation at South Johnstone.

This study was undertaken by an independent consultant as well as with key input from other contributors including independent industry experts and consultants and produced compelling Net Present Value and Internal Rate of Return metrics as well as low capital and operating cost estimates for the major facets of the South Johnstone project.

The Directors of Queensland Bauxite are excited by the opportunities presented by the Study.

View report

11 Sep 2014

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

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

Investors

ASX: QBL A$0.027

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