Australian Bauxite Limited (ABx) announced the acquisition by its subsidiary ALCORE Limited of the necessary equipment to produce test samples as well as the completion of construction of its Stage 1 Core Laboratory, both of which milestones it reached ahead of schedule and under budget.
Per the firm, construction of the laboratory began on July 1 at its Pilot Plant site in Berkeley Vale, New South Wales. The Stage 1 lab will initially produce aluminium fluoride (AlF3) test samples for distribution to potential customers before transitioning to the production of Corethane, a pure hydrocarbon powder produced from low-value coal. Graphite refining for use in battery applications will also be tested at the site.
ABx’s CEO Ian Levy said that the firm had funds on hand to begin what may prove to be a game-changing process for both bauxite refining and energy production.
“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’s production of Corethane hydrocarbon can change the energy supply and fuel security outlook for eastern Australia.”
While certainly a significant step, Levy assured investors that the firm’s other bauxite projects are far from forgotten.
“ABx is also pressing ahead with its three core bauxite projects; the Tasmanian mine, the large Binjour Project in central QLD and the Penrose refractory bauxite project 90km inland of Port Kembla NSW,” Levy continued. “Planning is underway for trial mining and processing testwork at the Binjour Project.”
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.