ABx Group (ASX:ABX) is planning to excavate an additional 1,000 tonnes of bauxite during the December quarter from its DL130 Bauxite Project in Tasmania.
The product will come from a second trial pit and will be provided to 2 customers.
This news comes after the $17.44 million market capitalisation company announced during the September quarter it had signed an agreement with Adelaide Brighton Cement (ABCL) for the supply of bauxite over a 5-year term.
The bauxite material for ABCL to trial is on-site at the Birkenhead cement manufacturing operation, and ABCL will trial the material at an ‘appropriate time’ within its production schedule.
ABx notes that some aspects of the mine lease application for DL130 are taking longer than anticipated. As such, bauxite mining is now expected to occur in Q2 2024.
Meanwhile at the Sunrise Bauxite Project in Queensland, survey reports of the Bundaberg port lease area are planned to begin in December this year.
ABx says the application to adjust the site boundary at the Bundaberg port is being progressed by the Department of Resources.
Further, the company is continuing to schedule its planned environmental studies at the mine and port sites.
In Tasmania, ABx has a bauxite resource of 13.7 million tonnes across 3 deposits, and the company plans to begin exporting product during the first half of 2025.
The company reiterated this and more as part of its September quarterly report, released today (31 October).
Alongside its bauxite plans, ABx highlighted a resource increase of 30% for its rare earths ionic adsorption clay asset in Tasmania to 27 million tonnes averaging 770 parts per million (ppm) total rare earth oxides (TREO) and 585 ppm TREO-cerium oxide (CeO2).
This came after hole RM336 struck 17,333 ppm TREO — 4 times higher than the previous highest-grade hole from the area.
During the quarter, ABx also installed a new bath pilot batch reactor at its Alcore Technology Centre in New South Wales. The commissioning of this reactor is still in progress.
ABx Group is scheduled to exhibit at the International Mining and Resources Conference (IMARC) held in Sydney from 31 October to 2 November 2023. Mining.com.au is an official media partner of IMARC, which will showcase 470-plus mining leaders and resource experts throughout 7 concurrent conferences.
ABx Group is a high-tech Australian company focused on rare earth elements, aluminium fluoride, and bauxite.
As of 30 September 2023, the company had $6.87 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: ABx Group