https://www.engineeringnews.co.za

Queensland Bauxite shares climb on new find

12th November 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The share price of junior Queensland Bauxite climbed by more than 57% on Tuesday on news of a bauxite discovery at the South Johnstone project, in Queensland.

ASX-listed Queensland Bauxite said that extensive drilling and testing within the exploration permit had shown that at least half of the 61 holes drilled were relatively enriched with alumina and depleted in silica, indicating the presence of bauxite.

The project area covers about 400 km2 and is situated 16 km from the Port of Mourilyan, which is currently used as a loading facility for the sugar cane industry.

Queensland Bauxite said that it used a recent development in field geology to determine drilling priorities, adding that drill samples were collected at half-meter intervals.

It was hoped that historic deposits could also be proven to form part of a more extensive bauxite system within the exploration tenement, and analytical exploratory work on the samples recovered within the tenement area would be used to ascertain if this was the case.

Queensland Bauxite stock changed hands at A$0.011 a share on Tuesday, up from the previous day's closing price of A$0.007 a share.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Airshrink - CiP
Airshrink - CiP

At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.063 1.025s - 140pq - 2rq
Subscribe Now