Australian Bauxite Limited (ABx) revealed yesterday that its wholly-owned subsidary ALCORE Limited recently completed the design phase of its Stage 1 project to produce aluminium fluoride (AlF3), putting it ahead of the firm’s original production schedule.
Per ABx’s press release, ALCORE is now in the process of purchasing equipment for the project, which it expects to begin production by year’s end. Construction at the site began in July in New South Wales, Australia, where the company plans to produce AlF3 samples for shipment to certain aluminium smelters.
In addition to AlF3 production, ALCORE intends to begin production of Corethane, a pure hydrocarbon powder for use in place of other, more polluting hydrocarbons.
Ian Levy, ABx’s CEO, greeted the news as a positive step in the development of both the Corethane and the AlF3 projects.
“ABx’s subsidiary ALCORE is sufficiently funded to deliver Stage 1 of the ALCORE project, thanks to strong support from seed capital investors. ALCORE’s powerful new bauxite refining technology can lead to Australia’s first production of AlF3 products to provide security of supply for Australasian aluminium smelters. ALCORE Limited is expected to unlock considerable value for ALCORE and ABX shareholders in the short and medium term.
“In addition to Corethane for energy and fuel security, ALCORE Technology will be tested to produce valuable co-products including silica fume for the cement industry that ABx already supplies cement-grade bauxite, as well as ultra-pure AlF3 for Lithium-ion batteries, iron oxide pigments and titanium oxide pigments. Further potential exists for developing ultra-pure products such as high purity alumina (“HPA”) for the manufacture of scratch-resistant sapphire glass for phones and computer screens.”
Based in Sydney, ABx conducts operations in Tasmania, Queensland, and New South Wales. The firm boasts combined JORC resources of 124 million metric tons in twenty-two tenements covering almost two thousand square kilometers in Eastern Australia. Its Binjour tenement in Queensland is considered by the company to be its flagship project.