BAUXITE RESOURCES PTY LTD
BAUXITE RESOURCES LIMITED
ADDENDUM TO THE 2014 ANNUAL REPORT - MINERAL RESOURCES AND ORE RESERVES STATEMENT
Bauxite Resources Limited (ASX:BAU)("BRL" or the "Company") provides this addendum to the Mineral Resources and Ore Reserves Statement for the Darling Range tenements, as at 30 June 2014. It is issued to supplement the Bauxite Resources Limited 2014 Annual Report, in accordance with ASX listing rules 5.21.4,
5.21.5 and 5.24.
The Company's total Measured, Indicated and Inferred Mineral Resources as at 30
June 2014 are 380.2Mt at an average available alumina grade of 30.7%. This represents an increase of 136.5Mt (56%) on total resources as reported in 2013 (243.7Mt). The increase is principally due to resource upgrades of the Felicitas and Fortuna resources, and maiden resource estimates at Dionysus and Athena. Modest resource additions were also realised through a revision of specific gravity (SG) at Cardea3 and Aurora resources. The tenement containing the Vallonia bauxite resource was surrendered during the year, and the resource inventory adjusted accordingly. Full details of changes appear in Table 1.
The annual audit of resources is carried out internally by the Company. BRL ensures that the Mineral Resources and Ore Reserve reviews are subject to appropriate internal controls. The estimation procedures are well established and prepared by competent and qualified professionals. All resources are based on well founded assumptions, and compliant with Joint Ore Reserves Committee (JORC) guidelines.
Information prepared and first disclosed under the JORC 2004 Edition, and not related to a material mining project, and which has not materially changed since last reported has not been updated.
This annual resource and reserve statement is based on, and fairly represents, information and supporting documentation prepared by the competent persons outlined in the Competent Person Statement below, and each has consented to the inclusion in this report of the matters based on their information in the form and context in which it appears.
DATE: 12 December 2014
ASX Code: BAU
BAUXITE RESOURCES LTD ABN: 72 119 699 982
DIRECTORS: Robert Nash
Non Executive Chairman
Peter Canterbury
CEO & Executive Director
Luke Atkins
Non Executive Director
Cunliang Lai
Non Executive Director
Neil Lithgow
Non Executive Director
John Sibly
Non Executive Director
Zhaozhong Wang
Non Executive Director
COMPANY SECRETARY: Sam Middlemas Company Secretary
Head Office:
Level 2, Building E
Garden Office Park
355 Scarborough Beach Rd
Osborne Park WA 6017
Mail:
PO Box 1315
Osborne Park WA 6916
T: +61 8 9200 8200
F: +61 9 9200 8299
E: [email protected]
W: www.bauxiteresources.com.au
Share Registry:
Security Transfer Registrars
PO Box 535
Applecross WA 6953
T: +61 8 9315 2333
F: +61 8 9315 2233
Table 1. BRL and Partner Mineral Resources
Resources as at June 30 2014 Resources as at June 30 2013
Al2O3
JORC
Al2O3
Deposit & Classification
|
Size Al2O3 (total)
Mt %
|
(available)
%
|
SiO2 (total)
%
|
SiO2 (reactive)
%
|
details Size Al2O3 (total)
Mt %
|
(available)
%
|
SiO2 (total)
%
|
SiO2 (reactive)
%
|
Fortuna
|
Indicated
|
6.3 40.2
|
34.0
|
5.7
|
1.9
|
JORC2012 0 0
|
0
|
0
|
0
|
Inferred
|
33.9 38.5
|
31.8
|
5.6
|
1.7
|
JORC2012 26.8 37.8
|
29.2
|
4.9
|
1.4
|
BRL 100% sub-total
|
40.2 38.8
|
32.1
|
5.6
|
1.8
|
26.8 37.8
|
29.2
|
4.9
|
1.4
|
Felicitas
|
Measured
|
53.2 39.1
|
30.7
|
5.8
|
1.4
|
JORC2012 35.3 39.0
|
30.5
|
5.8
|
1.3
|
Indicated
|
104.0 39.3
|
30.1
|
8.9
|
1.9
|
JORC2012 65.3 39.8
|
30.4
|
9.0
|
1.8
|
Inferred
|
61.5 38.9
|
29.6
|
11.5
|
2.4
|
JORC2012 47.3 39.2
|
29.6
|
12.4
|
2.6
|
Cardea 3 (BAJV)
|
Indicated
|
4.7 42.5
|
31.1
|
11.6
|
3.2
|
JORC2012 3.5 42.5
|
31.1
|
11.6
|
3.2
|
Inferred
|
9.5 41.0
|
30.1
|
12.6
|
3.5
|
JORC2012 7.0 41.0
|
30.1
|
12.6
|
3.5
|
Minerva
|
Inferred
|
2.2 38.7
|
28.9
|
20.3
|
3.9
|
JORC2004 2.2 38.7
|
28.9
|
20.3
|
3.9
|
Aurora
|
Indicated
|
12.0 43.5
|
33.0
|
9.1
|
3.1
|
JORC2012 7.0 43.5
|
33.0
|
9.1
|
3.1
|
Inferred
|
3.9 41.3
|
30.2
|
14.4
|
4.0
|
JORC2012 4.4 41.3
|
30.2
|
14.4
|
4.0
|
Rusina
|
Inferred
|
3.7 40.3
|
29.1
|
15.7
|
5.3
|
JORC2004 3.7 40.3
|
29.1
|
15.7
|
5.3
|
Juturna
|
Inferred
|
8.2 40.2
|
29.9
|
23.1
|
3.9
|
JORC2004 8.2 40.2
|
29.9
|
23.1
|
3.9
|
Vallonia
|
Inferred
|
0 0
|
0
|
0
|
0
|
JORC2004 1.5 36.6
|
28.0
|
22.6
|
3.9
|
Cronus
|
Inferred
|
2.8 39.3
|
28.3
|
13.3
|
2.8
|
JORC2004 2.8 39.3
|
28.3
|
13.3
|
2.8
|
BAJV sub-total
|
265.7 39.5
|
30.2
|
9.8
|
2.2
|
188.2 39.7
|
30.2
|
9.9
|
2.3
|
Athena
|
Inferred
|
22.7 42.3
|
33.3
|
17.3
|
2.7
|
JORC2012 0 0
|
0
|
0
|
0
|
Dionysus
|
Inferred
|
20.3 42.1
|
32.6
|
12
|
3.4
|
JORC2012 0 0
|
0
|
0
|
0
|
Cardea (1&2)
|
Inferred
|
6.4 41.8
|
29.3
|
15.7
|
4.3
|
JORC2004 6.4 41.8
|
29.3
|
15.7
|
4.3
|
Cardea 3 (HDM)
|
Indicated
|
1.5 42.8
|
30.0
|
16.8
|
4.0
|
JORC2012 1.1 42.8
|
30.0
|
16.8
|
4.0
|
Inferred
|
8.4 40.3
|
28.9
|
17.0
|
4.4
|
JORC2012 6.2 40.3
|
28.9
|
17.0
|
4.4
|
Ceres
|
Inferred
|
15.0 40.9
|
31.7
|
19.5
|
3.0
|
JORC2004 15.0 40.9
|
31.7
|
19.5
|
3.0
|
HDM sub-total
|
74.3 41.7
|
31.9
|
16.1
|
3.3
|
28.7 41.0
|
30.5
|
18.0
|
3.6
|
Total Measured
|
53.2 39.1
|
30.7
|
5.8
|
1.4
|
35.3 39.0
|
30.5
|
5.8
|
1.3
|
Total Indicated
|
128.5 38.2
|
30.9
|
10.3
|
2.3
|
76.9 40.3
|
30.7
|
9.2
|
2.0
|
Total Inferred
|
198.5 40.1
|
30.8
|
13.0
|
2.8
|
131.5 39.4
|
29.6
|
13.1
|
2.8
|
South West WA
TOTAL Bauxite 380.2 39.9 30.7 10.6 2.4 243.7 39.6 30.1 10.8 2.4
Resources based on low temperature (148o) caustic digest and ICP analysis. This method simulates the low temperature Bayer process. High temperature digestion may result in higher available alumina however the exact extent of this increase is not known at this time
Note: Totals may differ due to rounding
2
Level 2, Building E, Garden Office Park, 355 Scarborough Beach Road, OSBORNE PARK WA 6017
PO Box 1315, OSBORNE PARK DC WA 6916 Phone: +61 8 9200 8200 Fax: +61 8 9200 8299 www.bauxitersources.com.au
COMPETENT PERSON STATEMENT
The information in this announcement that relates to Cardea1&2, Juturna, Minerva, Vallonia and Rusina Mineral Resources is based on information compiled by Peter Senini who is a Member of the Australian Institute of Geoscientists. Mr Senini was an employee of the Company at the time of resource estimation and remains competent person for the above mentioned resources. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Senini consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The information in this announcement that relates to Felicitas, Cardea3, Aurora, Ceres, Cronus, Fortuna, Dionysus and Athena Mineral Resources is based on information compiled by Graham de la Mare who is a Member of the Australian Institute of Geoscientists. Mr de la Mare is employed by RungePincockMinarco (RPM). Mr de la Mare has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr de la Mare consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The information in this announcement that relates to Exploration results is based on information compiled by Mark Menzies, who is a member of the Australian Institute of Geoscientists. Mr Menzies is a qualified geologist and a full time employee, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the
2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Menzies has consented to the inclusion in this announcement of the Exploration Information in the form and context in which it appears.
The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimate in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not materially modified from the original market announcement.
3
Level 2, Building E, Garden Office Park, 355 Scarborough Beach Road, OSBORNE PARK WA 6017
PO Box 1315, OSBORNE PARK DC WA 6916 Phone: +61 8 9200 8200 Fax: +61 8 9200 8299 www.bauxitersources.com.au