Australian Bauxite announces quarterly report for three months to 30 September 2017
Australian Bauxite Limited (ABx) has posted quarterly report and activity statement for three months to 30 September 2017. The company registered two sales during the quarter comprising 30,000 tonnes of mixed grade blended cement-grade bauxite and 5,000 tonnes of cement grade. Fertiliser grade bauxite sales mine have been ramped up to satisfy customer demand.
The company has announced that it has entered into a research and development venture with technology company Refined Ore Industries Limited. The R&D Venture is a bauxite refining technology to increase the value of company’s bauxite tenfold.
“The R&D Venture is called ALCORE which is the next stage in ABx’s development of bauxite beneficiation and refining technology, according to the company.
“This technology was patented on 5 June 2017 and is designed to produce Aluminium Fluoride (AlF3) which is an electrolyte used to increase the electrical efficiency of aluminium smelters and is also used in lithium ion batteries. The process also produces Corethane Gas for energy security.”
Australian Bauxite said that an engineering firm has begun final designs and costings for the Stage 1 plant design. The study is expected to be completed in early 2018.