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BAUXITE RESOURCES PTY LTD
BAUXITE RESOURCES LIMITED
STRATEGY UPDATE
Bauxite Resources Limited ('BRL') advises that as part of its revised strategy and review of investment opportunities, it has secured an application exploration licence on ground prospective for Lithium.
The tenement, E74/595, was applied for by the wholly owned subsidiary Braeburn Resources Pty Ltd. It is proposed that the tenement will be reviewed in detail and an exploration plan prepared.
Lort River Lithium Project - E74/595
The Lort River Lithium Project is located between Ravensthorpe and Esperance and approximately 120 km east of the Mt Cattlin Lithium Mine in Western Australia, see figure 1 below. The project comprises an exploration licence application that covers 68 graticular blocks.
The application lies between Pioneer Resources Limited's recently pegged leases to the east (E74/581 and E63/1776) and Metalicity Limited's tenement (E74/574) to the west.
A Geoscience Australia stream sediment sample taken in the south of the tenement returned an elevated lithium value. Publically available soil geochemistry sampling is limited within the tenement however extensive soil geochemistry lithium anomalies exist along structural trends immediately adjacent to the tenement.
Assessment of the project area and advice of the planned exploration work programs will be provided in due course.
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DATE: 25 May 2016
ASX Code: BAU
BAUXITE RESOURCES LTD ABN: 72 119 699 982
DIRECTORS:
Robert Nash
Non Executive Chairman
Luke Atkins
Non Executive Director
Neil Lithgow
Non Executive Director
Zhaozhong Wang
Non Executive Director
Sam Middlemas
Chief Executive Officer and Company Secretary
Head Office:
Suite 10, 295 Rokeby Road
Subiaco WA 6008
Mail:
Suite 10, 295 Rokeby Road
Subiaco WA 6008
T: +61 8 9200 8200
F: +61 8 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
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For further company details please visit www.bauxiteresources.com.au or contact:
Bauxite Resources Ltd Sam Middlemas, CEO Tel: (08) 9200 8200
Mb: 0419 936 040
BAUXITE RESOURCES LIMITED
Figure 1 - Lort River Lithium Project - E74/595 Location Plan
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Bauxite Resources Ltd.
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CODE : BAU.AX |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Bauxite Resources est une société développant des projet miniers basée en Australie. Bauxite Resources détient divers projets d'exploration en Australie. Ses principaux projets en exploration sont MUCHEA BAUXITE, KIMBERLEY BAUXITE et DARLING RANGE BAUXITE en Australie. Bauxite Resources est cotée en Australie. Sa capitalisation boursière aujourd'hui est 8,6 millions AU$ (5,8 millions US$, 5,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 octobre 2010 à 0,39 AU$, et son plus bas niveau récent le 11 octobre 2019 à 0,04 AU$. Bauxite Resources possède 214 420 000 actions en circulation. |