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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.

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News Archive

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

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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)

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13 Jun 2014

Aluminum Prices Get a Boost

Overcapacity in the aluminum market has been a huge problem for the likes of Alcoa (NYSE:AA), Century Aluminum (NASDAQ:CENX), and Rusal.

Indeed, except for 2011, when the China-led commodity boom boosted industrial metal prices, including aluminum, prices over the years have been under tremendous pressure due to global supply consistently outstripping demand.

But on Monday, aluminum prices hit a nine-month high and are now inching toward $2,000 a tonne. So what is finally driving up aluminum prices?

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13 Jun 2014

Queensland Bauxite joins race to supply depleting Asian markets

Queensland Bauxite has increased the odds of positioning itself to become a bauxite miner after exploration results from a small section of the South Johnstone project in Queensland led to an initial bauxite JORC resource.

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Investors

ASX: QBL A$0.021

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